Roth Capital Sticks to Their Hold Rating for Shopify (SHOP)

By Ryan Adsit

In a report released yesterday, Darren Aftahi from Roth Capital maintained a Hold rating on Shopify (SHOPResearch Report), with a price target of $325. The company’s shares closed last Monday at $337.24.

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 11.8% and a 46.2% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

Currently, the analyst consensus on Shopify is a Moderate Buy with an average price target of $360.16, which is a 6.8% upside from current levels. In a report released yesterday, Piper Jaffray also maintained a Hold rating on the stock with a $320 price target.

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The company has a one-year high of $409.61 and a one-year low of $117.64. Currently, Shopify has an average volume of 2M.

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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.