Shopify (SHOP) shares rose over 3% on Monday. Cantor Fitzgerald increased its price target on the e-commerce company's stock to $158 from $145. The firm maintained its "Neutral" rating on the shares.
Analysts at Piper Sandler reaffirmed their optimistic view on Shopify. They cited accelerating merchant migrations to the platform and growing demand for artificial intelligence tools. They noted that AI-driven "agentic commerce" transactions are expanding at double the rate of standard traffic. These transactions also yield higher order values.