Shopify isn't finished gaining shares in the ecommerce space, and this will likely be supported by agentic commerce and compounding gross merchandise value. Stifel analyst J. Parker Lane says Shopify has a "a realistic path to 30%-plus revenue growth in 2026 and sustained mid-20s beyond." The stock is currently down, and agentic AI is still in its infancy, which makes it an attractive entry point, "for a high-quality compounder with a widening moat and multiple growth levers to pull." He thinks that the company also boasts a disciplined operating model and capital-allocation strategy that "give the company flexibility in a rapidly evolving landscape." Stifel upgrades the stock rating to buy from hold and the price target to $150 from $110. Shares are down 23% in New York at $123.17.(adriano.marchese@wsj.com)

(END) Dow Jones Newswires

July 10, 2026 08:33 ET (12:33 GMT)

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