Shopify Upside May Be Limited By Software Gloom, Analyst Says

JP Morgan analyst Reginald L. Smith reiterated the Overweight rating on the stock, with a price forecast of $180.Smith said key watch items include first-quarter volume, profit, cash-flow guidance, and commentary on growth and expenses.The analyst also flagged agentic commerce adoption and European Shop Pay growth as important areas to monitor.Smith said e-commerce payment volumes slowed due to tough comparisons, with Street estimates implying further GMV and GPV deceleration.JP Morgan projects Shopify to p ...