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

Core Insights - Shopify Inc. is recognized as one of the best-performing NASDAQ stocks by hedge funds, with a recent price target increase from Rothschild Redburn to $200 from $180, maintaining a Buy rating [1][2] - The partnership with OpenAI's ChatGPT is expected to enhance Shopify's online sales by providing merchants with an AI-powered virtual personal advisor, similar to the impact of social media on impulsive spending [1][2] Company Overview - Shopify Inc. is a Canadian e-commerce technology company that offers a cloud-based platform for merchants to manage their businesses across various sales channels [3] - Key services include Shopify Payments for payment processing, Shopify Shipping for logistics, and Shopify Capital for financing [3] Financial Projections - Rothschild Redburn anticipates a 6-8% increase in Shopify's e-commerce growth rates from 2025 to 2027, along with an increase in projected market share [2]