William Blair analyst Matthew Pfau maintained a Buy rating on Shopify (SHOP – Research Report) on May 5. The company's shares closed last Friday at $377.49, close to its 52-week low of $355.13. According to TipRanks.com, Pfau is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.8% and a 27.1% success rate. Pfau covers the Technology sector, focusing on stocks such as Manhattan Associates, BigCommerce Holdings, and Aspen Technology. Currently, the analyst consensus on Shopify is a Moderate Buy with an average price target of $696.44, a 73.6% upside from current levels.
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Shopify (NYSE:SHOP)
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