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Investment Q&A

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Shopify Inc. Class A Subordinate Voting Shares (SHOP $165.37)
- $165.37 P/E (TTM): 100.81X Cap: $218.54B
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Q: Any particular reason why SHOP is up so much today?

Asked by Mike on December 06, 2024

5i Research Answer:

Loop Capital upgraded the stock from HOLD to BUY, and changed the target price from $110 US to $140 US, calling the company an 'under appreciated AI play' with AI helping its merchant customers and consumer responsiveness.

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