Shopify Inc (TSE:SHOP) had its target price upped by equities researchers at Summit Redstone from C$48.00 to C$69.00 in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Summit Redstone’s price target indicates a potential downside of 11.94% from the stock’s previous close.

Shopify (TSE:SHOP) traded down 1.06% during trading on Thursday, reaching $78.38. The company had a trading volume of 224,597 shares. Shopify has a one year low of $25.85 and a one year high of $81.40. The firm’s market capitalization is $6.97 billion. The firm’s 50-day moving average price is $64.80 and its 200 day moving average price is $56.97.

“Shopify Inc (SHOP) PT Raised to C$69.00” was posted by Watch List News and is the property of of Watch List News. If you are viewing this story on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this story can be read at http://www.watchlistnews.com/shopify-inc-shop-pt-raised-to-c69-00/1120799.html.

Receive News & Ratings for Shopify Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.