Stock Track | Shopify Plummets 5.13% on Neutral Rating Initiation by New Street

Stock Track

Jan 10, 2025

Shopify Inc. (SHOP) stock plummeted by 5.13% in Friday's pre-market session, following a Neutral rating initiation by New Street analyst Dan Salmon.

Salmon initiated coverage on Shopify with a Neutral rating and set a $115 price target on the e-commerce platform provider's stock. While a Neutral rating typically implies a neutral outlook on the stock, the $115 price target is significantly lower than Shopify's current trading levels, indicating potential downside risk.

Analyst initiations and rating changes often have a significant impact on stock prices, as they reflect the analysts' views on a company's prospects and valuation. A lower-than-expected price target or rating downgrade can put downward pressure on a stock, while an upgrade or higher target price can boost a stock's performance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1107330998"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1107330998\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1107330998?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-10 22:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1107330998","market":"hk","top_or_hot":-1,"title":"Stock Track | Shopify Plummets 5.13% on Neutral Rating Initiation by New Street","media":"Stock Track","content":"<p>Shopify Inc. (SHOP) stock plummeted by 5.13% in Friday's pre-market session, following a Neutral rating initiation by New Street analyst Dan Salmon.</p>\n\n<p>Salmon initiated coverage on Shopify with a Neutral rating and set a $115 price target on the e-commerce platform provider's stock. While a Neutral rating typically implies a neutral outlook on the stock, the $115 price target is significantly lower than Shopify's current trading levels, indicating potential downside risk.</p>\n\n<p>Analyst initiations and rating changes often have a significant impact on stock prices, as they reflect the analysts' views on a company's prospects and valuation. A lower-than-expected price target or rating downgrade can put downward pressure on a stock, while an upgrade or higher target price can boost a stock's performance.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Shopify Plummets 5.13% on Neutral Rating Initiation by New Street</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Shopify Plummets 5.13% on Neutral Rating Initiation by New Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-01-10 22:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shopify Inc. (SHOP) stock plummeted by 5.13% in Friday's pre-market session, following a Neutral rating initiation by New Street analyst Dan Salmon.</p>\n\n<p>Salmon initiated coverage on Shopify with a Neutral rating and set a $115 price target on the e-commerce platform provider's stock. While a Neutral rating typically implies a neutral outlook on the stock, the $115 price target is significantly lower than Shopify's current trading levels, indicating potential downside risk.</p>\n\n<p>Analyst initiations and rating changes often have a significant impact on stock prices, as they reflect the analysts' views on a company's prospects and valuation. A lower-than-expected price target or rating downgrade can put downward pressure on a stock, while an upgrade or higher target price can boost a stock's performance.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SHOP","symbol_name":"Shopify Inc","start_time":0,"source_url":"","article_id":"1107330998","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107330998","pubTimestamp":1736519911,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shopify Inc.  stock plummeted by 5.13% in Friday's pre-market session, following a Neutral rating initiation by New Street analyst Dan Salmon.Salmon initiated coverage on Shopify with a Neutral rating and set a $115 price target on the e-commerce platform provider's stock. While a Neutral rating typically implies a neutral outlook on the stock, the $115 price target is significantly lower than Shopify's current trading levels, indicating potential downside risk.Analyst initiations and rating cha","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SHOP":"Shopify Inc"},"translate_title":"New Street启动中性评级后Shopify股价暴跌5.13%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHOP":1},"content_text":"Shopify Inc. (SHOP) stock plummeted by 5.13% in Friday's pre-market session, following a Neutral rating initiation by New Street analyst Dan Salmon.\nSalmon initiated coverage on Shopify with a Neutral rating and set a $115 price target on the e-commerce platform provider's stock. While a Neutral rating typically implies a neutral outlook on the stock, the $115 price target is significantly lower than Shopify's current trading levels, indicating potential downside risk.\nAnalyst initiations and rating changes often have a significant impact on stock prices, as they reflect the analysts' views on a company's prospects and valuation. A lower-than-expected price target or rating downgrade can put downward pressure on a stock, while an upgrade or higher target price can boost a stock's performance.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}