KeyBanc reiterates Shopify stock Overweight on AI opportunity
Investing.com – KeyBanc reiterated an Overweight rating on Shopify Inc. (NASDAQ:SHOP) with a $160.00 price target. Trading at $107.63, the stock appears undervalued according to InvestingPro analysis, which could support the analyst’s bullish stance. The firm said Shopify’s first-quarter results showed AI is creating more opportunities for merchants on the platform. KeyBanc noted the company…