DA Davidson analyst Gil Luria raised the firm’s price target on Shopify (SHOP) to $195 from $185 and keeps a Buy rating on the shares. The company exceeded lofty expectations with recent agentic commerce announcements supporting the bull case that Shopify is in an advantageous position to monetize its growing customer base of global enterprises and D2C brands, the analyst tells investors in a research note.
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Read More on SHOP:
- Shopify’s Mixed Financial Indicators and Macroeconomic Uncertainties Justify Hold Rating
- Shopify price target raised to $190 from $180 at BMO Capital
- Shopify price target raised to $180 from $179 at JPMorgan
- Shopify price target raised to $192 from $165 at Morgan Stanley
- Shopify price target raised to $140 from $120 at Barclays