In a report released yesterday, Terry Tillman from SunTrust Robinson reiterated a Hold rating on Shopify (SHOP), with a price target of $170. The company’s shares opened today at $178.19, close to its 52-week high of $180.
According to TipRanks.com, Tillman is a top 25 analyst with an average return of 41.9% and a 84.8% success rate. Tillman covers the Technology sector, focusing on stocks such as Mimecast Ltd, RingCentral, and Paylocity.
Currently, the analyst consensus on Shopify is a Strong Buy with an average price target of $191.27, which is a 7.3% upside from current levels. In a report issued on February 11, RBC Capital also maintained a Hold rating on the stock with a $180 price target.
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The company has a one-year high of $180 and a one-year low of $112.50. Currently, Shopify has an average volume of 1.63M.
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Shopify, Inc. operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops.
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