Shopify rises after Stifel upgrades to 'buy'
10/07/2026 16:39
BUZZ-Shopify rises after Stifel upgrades to 'buy' ** Shares of e-commerce firm Shopify SHOP.O up 1.3% at $124.80
** Brokerage Stifel upgrades stock to "buy" from "hold" and raises price target to $150 from $110
** New PT implies 21.8% upside to the stock's last close
** Brokerage sees a "realistic path to 30%-plus revenue growth" in 2026 and sustained mid-20% growth beyond, driven by consistent market-share gains
** "Shopify's outsized GMV growth is clear evidence of consistent share gains, which we believe will accelerate as agentic commerce proliferates," Stifel says
** Up to last close, stock has fallen 22.6% YTD
(Reporting by Prathik Jayaprakash in Bengaluru)