Shopify stock price jumps 8% after MoffettNathanson upgrade, with earnings next
Shopify shares jumped 8.5% to $128.46 in U.S. trading Tuesday after MoffettNathanson upgraded the stock and raised its price target to $150. The move comes ahead of Shopify’s fourth-quarter results, due before markets open Wednesday. In Toronto, shares rose about 6%. Investors remain cautious amid volatile software sentiment and a busy U.S. data week.