Reported 11 months ago
JPMorgan analysts initiate coverage on Shopify with an Overweight rating, highlighting the company's competitive advantages and significant margin expansion opportunities as reasons for optimism. Despite recent pressure on Shopify shares, JPMorgan believes there is potential for about 20% upside based on a $740 price target. This positive outlook contrasts recent neutral rating from Moffett Nathanson, sparking broader discussions on the long-term value of e-commerce companies like Shopify amidst changing consumer behaviors.
Source: YAHOO