On September 22, Shopify rose 3.04% in pre-market trading to $142.11 per share, with turnover of $8.84 million. The rally was driven by the announcement of a deep strategic partnership with Meta Platforms to integrate AI-powered agentic checkout capabilities into the Shopify ecosystem.

Shopify CEO Tobias Lutke confirmed the collaboration on social media, stating the company is partnering with Meta's Muse agentic AI to enable agentic checkout via Shop Pay across all Shopify stores. The Muse AI agent is designed to scan product catalogs in real time and autonomously complete end-to-end shopping and payment flows, effectively positioning the e-commerce platform as a comprehensive hub integrating search, transactions, payments, and financial services.

On the ratings front, Bernstein recently initiated coverage on Shopify with an Outperform rating. Rosenblatt also initiated with a Buy rating and a $175 price target, highlighting underappreciated upside in Shopify's B2B and international business segments. The bullish sentiment follows a strong Q2 earnings report in August, where revenue surged 33.7% year-over-year to $3.58 billion, significantly beating estimates, while EPS of $1.16 far exceeded the $0.30 consensus.

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