Bank of America has reinstated coverage on Shopify with a Buy rating and a $150 price target, highlighting the company's potential to benefit from AI-driven "agentic commerce," international expansion, and enterprise adoption. The bank expects Shopify to play a key role in AI-powered shopping transactions due to its payments and checkout infrastructure. Despite investor concerns about AI disrupting Shopify, the bank believes the company will benefit from this shift. Shopify's international revenue and enterprise customer base are growing strongly, with forecasts of 24%-28% revenue growth through 2028 and expanding operating margins.

More News (SHOP)

Shopify to release Q2 2026 earnings on August 5 before market open

Shopify Inc. will announce its financial results for the second quarter ending June 30, 2026, on August 5 before the market opens. The company will hold a conference call at 8:30 a.m. ET the same day to discuss the results, accessible via webcast on ...

Company Fundamentals

Neutral

15 hours ago