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Bernstein Backs Shopify (SHOP) Despite Stock Drop, Is It Time to Buy?
Insider Monkey13d agoneutral
Bernstein Backs Shopify (SHOP) Despite Stock Drop, Is It Time to Buy?

On September 11, Bernstein analyst Mark Shmulik initiated coverage of Shopify Inc. (NASDAQ:SHOP), giving the stock an Outperform rating and setting the price target at $160. The analyst told investors in a research note that Shopify Inc. (NASDAQ:SHOP) is “perfectly positioned to lead the way” in commerce innovation. Bernstein noted that the company provides merchants […]

Why Meta’s Consumer AI Agent Is Good News for Shopify Stock
Barrons.com14d agoneutral
Why Meta’s Consumer AI Agent Is Good News for Shopify Stock

Wall Street has long feared that new AI shopping agents are coming for Shopify But those worries could be overblown, says one analyst. Shares of Shopify have fallen 14% this month, according to Dow Jones Market Data. Smilek acknowledged that consumer AI agents like SpaceX’s Grok Bot and Meta’s Muse—which launched earlier this week—have weighed on Wall Street’s confidence in Shopify.

How Far Could PayPal Stock Bounce From Here?
Trefis14d agoneutral
How Far Could PayPal Stock Bounce From Here?

The nearest confirmed ceiling for PayPal (PYPL) stock sits 35.4% above where it trades now. The stock is 30.7% below its 52-week high, and the easy read on a payments company down that far is that the market has given up. The reward is real and wide against what you risk. The floor under it is shakier than the bounce count suggests.

Meta’s AI Agent for Consumers Has Arrived. Alphabet and Amazon Should Watch Out.
Barrons.com15d agoneutral
Meta’s AI Agent for Consumers Has Arrived. Alphabet and Amazon Should Watch Out.

Wall Street sees the Facebook parent in pole position to dominate the AI online shopping space. Morgan Stanley analyst Brian Nowak on Wednesday wrote that Meta could “win” a substantial piece of the estimated $30 trillion consumer AI agent total addressable market. Meta stock advanced 7% to $656.71 and was the best-performing component in the for the trading session.

How Shopify’s Push into AI Is Working Out
The Wall Street Journal16d agoneutral
How Shopify’s Push into AI Is Working Out

Shopify and its chief, Tobias Lütke, have instead plunged in. Shopify was quick to develop AI tools for customers, announcing an AI assistant called Sidekick in 2023. Early last year, Lütke wrote a memo to employees that explicitly made using AI a “baseline expectation” at the company, which makes software that helps retailers set up websites, process transactions and analyze their businesses.

Shopify Sinks 7%, Etsy Drops 6%: Is This an E-Commerce Selloff or Just Two Names?
24/7 Wall St.16d agobearish
Shopify Sinks 7%, Etsy Drops 6%: Is This an E-Commerce Selloff or Just Two Names?

Two of the biggest names in U.S. e-commerce platforms are sliding sharply midday Tuesday, while the sector’s broader basket and Latin America’s largest online marketplace hold up far better. The gap between them is doing most of the talking. It also frames the day’s central question of whether this is a category selloff or a […]

3 Reasons We Love Shopify (SHOP)
StockStory16d agoneutral
3 Reasons We Love Shopify (SHOP)

Shopify trades at $145.34 and has moved in lockstep with the market. Its shares have returned 8.9% over the last six months while the S&P 500 has gained 13.6%.