There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Shopify (SHOP – Research Report) and Eventbrite (EB – Research Report) with bullish sentiments.
Shopify (SHOP)
In a report released today, Kenneth Wong from Oppenheimer maintained a Buy rating on Shopify, with a price target of $80.00. The company’s shares closed last Friday at $70.35, close to its 52-week high of $71.58.
According to TipRanks.com, Wong is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shopify with a $68.10 average price target, representing a -3.4% downside. In a report issued on November 20, RBC Capital also maintained a Buy rating on the stock with a $80.00 price target.
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Eventbrite (EB)
In a report released today, Hamed Khorsand from BWS Financial initiated coverage with a Buy rating on Eventbrite and a price target of $12.00. The company’s shares closed last Friday at $7.00.
According to TipRanks.com, Khorsand is a 4-star analyst with an average return of
Eventbrite has an analyst consensus of Moderate Buy, with a price target consensus of $12.00.
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Read More on SHOP:
- Shopify (NYSE:SHOP) Rallies After Record Black Friday Sales
- Up 99% YTD, is Shopify Stock (NYSE:SHOP) Overvalued?
- Laffont’s Coatue Management Turns Bullish on PLTR, SHOP, CART Stocks
- Shopify price target raised to $62 from $57 at Loop Capital
- Loop Capital retail analysts to hold an analyst/industry conference call
