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Do Analysts Agree Friday on Shopify Inc (SHOP) Stock's Target Price?

Friday, August 19, 2022 09:45 AM | InvestorsObserver Analysts
Do Analysts Agree Friday on Shopify Inc (SHOP) Stock's Target Price?

InvestorsObserver is giving Shopify Inc (SHOP) an Analyst Rating Rank of 27, meaning SHOP is ranked higher by analysts than 27% of stocks. The average price target for SHOP is $53.687 and analyst’s rate the stock as a Buy.

Overall Score - 3.8
Wall Street analysts are rating SHOP a Buy today. Find out what this means to you and get the rest of the rankings on SHOP!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Shopify Inc Stock Today?

Shopify Inc (SHOP) stock is trading at $35.47 as of 9:44 AM on Friday, Aug 19, a loss of -$1.39, or -3.77% from the previous closing price of $36.86. The stock has traded between $35.42 and $36.41 so far today. Volume today is less active than usual. So far 282,978 shares have traded compared to average volume of 32,950,487 shares. Click Here to get the full Stock Report for Shopify Inc stock.

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