Mizuho analyst Siti Panigrahi upgraded Shopify (SHOP) to Outperform from Neutral with an unchanged price target of $150. The company’s execution in recent quarters has been “superb,” with strong momentum in Q4 across all its major growth vectors, the analyst tells investors in a research note. Mizuho sees AI acting as a “structural tailwind” for Shopify rather than a “disruption risk.” The firm says Shopify is one of the software companies best positioned to outperform over the near-term and that the recent pullback in the shares brings an attractive entry point.
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