Wells Fargo raised the firm’s price target on Shopify (SHOP) to $125 from $107 and keeps an Overweight rating on the shares. While not typically perceived as an AI play, the firm believes Shopify’s AI efforts are differentiated and can serve as another important growth and efficiency driver for years to come.
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Read More on SHOP:
- Shopify (SHOP) Launches New AI Tool for Online Stores
- Shopify unveils AI tools in Summer ’25 Edition
- Resilient Growth and Strategic Positioning Drive Buy Rating for Shopify
- Mixed options sentiment in Shopify (SHOP), with shares up $0.24 (+0.22%) near $110.45
- Global-e Online price target lowered to $40 from $45 at Wells Fargo