SHOP Stock Rises Overnight: Bernstein Sees 26% Upside, Calls Shopify ‘Perfectly Positioned To Lead’ Commerce Innovation
Bernstein initiated coverage with an Outperform rating and a $160 price target. Bernstein took a bullish stance on Shopify, citing its broad merchant platform and potential to benefit as AI lowers barriers for new businesses. The firm believes Shopify could lead commerce innovation by helping merchants manage everything from customer acquisition to fulfillment. Shopify’s 95x … Read more