Shopify price target raised to $175 from $150 at Stifel

Stifel raised the firm’s price target on Shopify (SHOP) to $175 from $150 and keeps a Hold rating on the shares after what the firm calls “a solid print and guide on the top-line.” While the firm remain believers in Shopify’s durable growth opportunity and sees the agentic commerce opportunity as “highly intriguing,” it advises investors to await a more attractive entry point.