Rothschild Redburn Lifts Shopify (SHOP) PT to $200, Keeps Buy

Shopify Inc. (NASDAQ:SHOP) is one of the best performing NASDAQ stocks according to hedge funds. On October 3, Rothschild Redburn lifted its price target for Shopify to $200 from $180 and maintained a Buy rating. The change is linked to Shopify’s partnership with OpenAI’s ChatGPT, which gives Shopify merchants access to a new online sales channel powered by AI. The firm expects ChatGPT to accelerate online sales for “functional retail goods” by acting as a virtual in-store personal advisor, which is compar ...