Shopify receives upgrade, price target lift from Goldman Sachs [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
While Shopify's stock has faced pressure recently, Goldman Sachs views this as a opportune moment for investors to buy the dip. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith Video Transcript Time for some calls of the day. Goldman Sachs upgrading Shopify today to buy it from neutral and raising its price target to $74 up from 67. So you know this stock is interesting. It's been under some pressure. It's down more than 20% so far this year, Goldman says, though OK, that is an opportunity because they say, yes, there's an investment cycle weighing on margins, more mixed consumer spending. We know that's been weighing on the stock, but they tell their clients you stick with this one. Because Shopify has significant technology mode in E commerce software share gain across E commerce cycles, they point out, Bottom line, that's gonna drive. Goldman says. Durable
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