Shopify Stock: Headed to $1,250?
Though Shopify (NYSE: SHOP) is up about 200% over the past year, it's notably down 16% from recent highs. Several analysts, however, think this pullback is offering a good entry point. Not only do they think shares will recover over the next 12 months, but they think the stock will blow past recent highs.
These analysts shared bullish views on the stock on Thursday, with one reiterating a $1,250 12-month price target for shares and another boosting his target from $1,150 to $1,250. Here's a closer look at what has them so bullish.
Image source: Shopify.
Source Fool.com
