Morgan Stanley lowered the firm’s price target on Shopify (SHOP) to $106 from $144 and keeps an Overweight rating on the shares. The firm is adjusting risk/rewards for a large number of software companies as it analyzes tariff risk uncertainty and what has already been priced into shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOP:
- Shopify price target lowered to $120 from $150 at Loop Capital
- Shopify price target lowered to $80 from $120 at Cantor Fitzgerald
- Shopify price target lowered to $110 from $140 at Wedbush
- Shopify price target lowered to $85 from $110 at Mizuho
- Shopify price target lowered to $115 from $150 at DA Davidson