Analysts Have Conflicting Sentiments on These Consumer Goods Companies: Best Buy Co (NYSE: BBY) and Shopify (NYSE: SHOP)

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Best Buy Co (BBYResearch Report) and Shopify (SHOPResearch Report).

Best Buy Co (BBY)

In a report released today, Bobby Griffin from Raymond James maintained a Buy rating on Best Buy Co. The company’s shares closed last Tuesday at $114.97.

According to TipRanks.com, Griffin is a 5-star analyst with an average return of 33.3% and a 72.2% success rate. Griffin covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Bed Bath & Beyond.

Best Buy Co has an analyst consensus of Moderate Buy, with a price target consensus of $130.31.

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Shopify (SHOP)

In a report released yesterday, Brian Peterson from Raymond James reiterated a Hold rating on Shopify. The company’s shares closed last Tuesday at $1482.99, close to its 52-week high of $1552.23.

According to TipRanks.com, Peterson is a top 100 analyst with an average return of 33.7% and a 77.5% success rate. Peterson covers the Technology sector, focusing on stocks such as Duck Creek Technologies, Qualtrics International, and ZoomInfo Technologies.

Currently, the analyst consensus on Shopify is a Moderate Buy with an average price target of $1509.10, a 0.8% upside from current levels. In a report issued on June 28, Barclays also initiated coverage with a Hold rating on the stock with a $1700.00 price target.

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