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Loop Capital upgrades Shopify, says investors underappreciate the e-commerce giant's AI capabilities

By CNBC   |   2 weeks ago
Loop Capital upgrades Shopify, says investors underappreciate the e-commerce giant's AI capabilities

Loop Capital predicts a surge in Shopify's stock due to its use of AI for merchants. The firm raised its price target to $140, expecting a 23% upside. Shopify's AI tools enhance customer service and internal operations, leading to revenue growth surpassing expenses.

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