Bullish
Jefferies upgrades Shopify to 'Buy' with $160 target, citing AI commerce growth.
Jefferies has upgraded Shopify's stock rating to 'Buy' and raised the price target to $160, anticipating a 30% upside. The firm highlights Shopify's strong position in AI-driven commerce and expects stronger-than-expected Q2 results.
Key points
- Jefferies upgrades Shopify to 'Buy' with $160 target, citing AI commerce growth.
- Shopify's current stock price is $123.56, with a market cap of $161 billion.
Sources
AI-generated from public news sources. Not financial advice.
