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Benzinga
Benzinga
Business
Vaishali Prayag

Shopify Shares Are Up Monday: What's Going On?

Shopify SHOP Needham
The Shopify Trade

Shopify Inc. (NASDAQ:SHOP) shares are trading higher Monday after Needham & Company initiated coverage on the stock with a Buy rating and a $135 price target.

What To Know: The bullish initiation came alongside a separate price target increase from Baird. The positive analyst attention helped push Shopify's stock to $116.97 during the session, according to Bloomberg.

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