Shopify reinstated at Bank of America with ‘Buy' rating on agentic commerce growth outlook

Shopify received reinstated coverage with a ‘Buy’ rating and a $150 price target, citing upside from AI-driven “agentic commerce,” continued international expansion, and growing enterprise adoption. The update is incremental but supportive, with expectations for improved traction tied to evolving AI commerce workflows.

Analysis

Shopify received reinstated coverage with a ‘Buy’ rating and a $150 price target, citing upside from AI-driven “agentic commerce,” continued international expansion, and growing enterprise adoption. The update is incremental but supportive, with expectations for improved traction tied to evolving AI commerce workflows.