Shopify (SHOP) Climbs 7.5% as Analysts Issue Positive Ratings, PT

Core Viewpoint - Shopify Inc. (NASDAQ:SHOP) has seen a significant increase in stock price, driven by positive ratings and price target upgrades from investment firms ahead of its earnings release [1][2][3]. Group 1: Stock Performance - Shopify's stock rose by 7.47% to close at $127.24, marking its third consecutive day of gains [1]. - The stock's performance is attributed to favorable market sentiment and anticipation of strong earnings [3]. Group 2: Analyst Ratings and Price Targets - ATB Cormark Capital upgraded Shopify's rating to "outperform" from "sector perform" and maintained a price target of $250, citing the company's advantageous position in the AI sector [2]. - BMO reiterated its "outperform" rating but reduced its price target from $190 to $150 [2]. - MoffettNathanson upgraded Shopify from "neutral" to "buy" and increased its price target to CA$203.57 from CA$171.94 [4]. Group 3: Earnings Expectations - The upgrades in ratings are based on expectations of solid earnings performance in the last quarter, supported by market share gains during the US holiday e-commerce sales [3].