Wall Street Revisits Beaten-Down Shopify (SHOP) Stock Amid Analyst Upgrades
Analysts at Jefferies and Stifel have upgraded Shopify's stock to Buy from Hold following its significant year-to-date decline, citing potential in AI integration. Despite a recent selloff after the company’s Q2 guidance, Shopify reported strong first-quarter results with robust GMV growth and improved financial metrics.
Tickers: $SHOP
Topics: AI impact on e-commerce Shopify Wall Street upgrades