Shopify Surges 3.08% as AI Commerce Ambitions Fuel Analyst Optimism
Shopify Inc. (SHOP) rallied 3.08% to $166.80, buoyed by Wells Fargo's price target hike to $198 and a growing institutional thesis that its AI-powered 'agentic commerce' tools will redefine merchant infrastructure. The stock now tests resistance NEAR its 52-week high of $182.19.
Winter '26 Edition upgrades and Contentsquare's analytics integration are driving tangible monetization—merchants using AI Storefronts report 19% higher conversion rates. Volatility persists, but the narrative has shifted from pandemic-era growth to durable AI adoption.