Cantor Fitzgerald analyst Deepak Mathivanan raised the firm’s price target on Shopify (SHOP) to $181 from $156 and keeps a Neutral rating on the shares. Shopify delivered strong Q3 results and guidance for Q4 revenue was consistent with Q3, the analyst tells investors in a research note. Shopify is well-positioned to sustain strong growth as Agentic commerce becomes more mainstream, Cantor says.
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