Cantor Fitzgerald Reiterates Neutral Rating on Shopify (SHOP) Amid 103% Rally and Strong Cross-Border Growth

Group 1 - Shopify Inc. is recognized as one of the best tech stocks to buy, with a notable 103% gain over the past year [1] - Cantor Fitzgerald has reiterated a 'Neutral' rating on Shopify, maintaining a price target of $156 [1][2] - The company is experiencing strong cross-border transaction growth, with border merchandise accounting for about 15% of total GMV in Q2 [2] Group 2 - Only 4% of global gross merchandise volume was shipped under the de minimis provision, which exempts goods valued under $800 from duties and taxes [2][3] - Shopify has not seen negative changes in GMV levels related to products shipped under the de minimis exemption for China, indicating a robust retail sector [3] - Shopify provides a comprehensive e-commerce platform that includes tools for creating online stores, accepting payments, managing inventory, and marketing products [4]