Jefferies upgraded Shopify to Buy from Hold, raising its price target to $160 due to strong early Q2 performance and a revamped partner program. The firm expects Shopify to exceed growth forecasts with a 27% increase in gross merchandise volume (GMV) and anticipates a price increase following new features like the Sidekick AI assistant. This price hike could boost 2027 revenue by 3-4%, mostly adding to profit. Jefferies also sees Shopify benefiting from AI-driven agentic commerce, which could steadily increase GMV over the coming years.
President Trump announced a 20% reimbursement fee on all cargo passing through the Strait of Hormuz to cover U.S. military protection costs, causing oil prices to rise over 4%. SK Hynix and Samsung Electronics shares plunged after SK Hynix's U.S. deb...
The generative AI market in e-commerce is projected to grow from $1.24 billion in 2026 to $2.44 billion by 2030, with an annual growth rate of 18.8%. Growth is fueled by innovations such as AI chatbots, AR/VR shopping, predictive analytics, and 5G ne...
