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.
Shopify's strong revenue growth, robust customer retention, and AI-driven tools have debunked fears of a SaaS downturn, reflected in its improving financial metrics. However, the stock's high valuation with a P/E of 79.81x and a 3-year PEG of 2.51x, ...
Sea Limited's shares surged 13.81% following a strong Q1 report showing 46.61% revenue growth to $7.10 billion, beating expectations despite a slight EPS miss due to reinvestment. All segments—e-commerce Shopee, fintech Monee, and gaming Garena—poste...
