Guggenheim analyst Kenneth Wong maintained a Hold rating on Shopify (SHOP – Research Report) yesterday. The company's shares closed last Monday at $938.49, close to its 52-week low of $780.00. According to TipRanks.com, Wong is a 4-star analyst with an average return of 13.2% and a 48.7% success rate. Wong covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Weave Communications, and Altair Engineering. Currently, the analyst consensus on Shopify is a Moderate Buy with an average price target of $1576.75, implying an 89.1% upside from current levels. In a report issued on January 11, Atlantic Equities also downgraded the stock to Hold.
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