Shopify Stock (SHOP): $1,650 Price Target From Roth Capital

By Amit Chowdhry ● Jan 2, 2022
  • The shares of Shopify Inc (NYSE: SHOP) have received a price target of $1,650 from Roth Capital. These are the details.

The shares of Shopify Inc (NYSE: SHOP) have received a price target of $1,650 from Roth Capital. And Roth Capital analyst Darren Aftahi assigned the company a “Buy” rating.

Aftahi believes that Shopify had reduced the price target on the company as the stay-at-home premium stocks that benefited from the last 18+ months waned. And he no longer believes that is relevant.

But going forward, Aftahi believes Shopify remains a robust growth story.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.