Shopify Stock Surge: Truist Sets $90 Target

Truist Securities Increases Price Target for Shopify Shares Ahead of Earnings Report

In anticipation of Shopify’s upcoming fourth-quarter earnings report, Truist Securities has adjusted its price target for the company’s shares. The investment firm raised its target from $65.00 to $90.00, while maintaining a Hold rating on the stock. This revision comes after positive indicators from Shopify’s Cyber Week update and additional primary research.