Stifel raised the firm’s price target on Shopify (SHOP) to $110 from $100 and keeps a Hold rating on the shares. Despite significant volatility in shares year-to-date related to tariffs and the macro environment, Shopify continues to have notable traction across a number of areas like Enterprise/Plus, Offline, B2B, and International, the analyst tells investors in a research note. Shopify remains well-positioned for share gains in the e-commerce ecosystem and a potential inflection in enterprise momentum in the midterm, but Stifel says it remains on the sidelines to await a more favorable risk/reward scenario.
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