Shopify Q2 earnings beat estimates, AI-driven sales triple, price target raised to $175.

Shopify reported strong Q2 2026 earnings, surpassing analyst expectations thanks to significant growth in AI-driven commerce. AI-driven traffic and orders to Shopify stores tripled year-over-year, boosting confidence in the company's AI innovation. Seaport Global raised Shopify's price target from $160 to $175, reflecting a potential 16.5% upside from the current stock price. The stock also showed technical strength by breaking above key resistance levels, signaling bullish momentum for investors.