RBC Capital Markets raised its price target for Shopify to $200 from $180. Wall Street analysts identify the e-commerce platform as a top earnings play due to its leadership in AI-driven agentic commerce.
One analyst projects revenue growth could accelerate to 35%, surpassing the company's own guidance. This bullish outlook stems from expansion in enterprise, international, and payments divisions.
Shopify demonstrated pricing power through recent rate hikes for its Grow and Advanced plans. The integration of AI assistants serves as a fresh catalyst for the company's market momentum.