Stock Track | Shopify Stock Soars 5% in Pre-Market on Analyst Upgrade Citing AI Strengths

Stock Track

Dec 06, 2024

Shopify Inc's stock soared 5% in pre-market trading on Friday after Loop Capital upgraded the e-commerce company to a "Buy" rating and raised its price target to $140, citing Shopify's leveraging of artificial intelligence (AI) technologies as a key driver for future growth.

According to Loop Capital analyst Anthony Chukumba, investors are underestimating Shopify's effective utilization of AI to better serve its merchants through AI-powered offerings like personalized response recommendations and instantly generated emails. The company is also applying AI internally across areas such as customer support, sales, and human resources.

"Thus, we believe Shopify will be able to grow its revenue at a much faster rate than its operating expenses for the foreseeable future, which will result in operating and free cash flow margin expansion and a higher valuation," Chukumba stated in his report upgrading Shopify.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1170904506"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1170904506\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1170904506?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-06 22:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1170904506","market":"us","top_or_hot":-1,"title":"Stock Track | Shopify Stock Soars 5% in Pre-Market on Analyst Upgrade Citing AI Strengths","media":"Stock Track","content":"<p>Shopify Inc's stock soared 5% in pre-market trading on Friday after Loop Capital upgraded the e-commerce company to a \"Buy\" rating and raised its price target to $140, citing Shopify's leveraging of artificial intelligence (AI) technologies as a key driver for future growth.</p>\n\n<p>According to Loop Capital analyst Anthony Chukumba, investors are underestimating Shopify's effective utilization of AI to better serve its merchants through AI-powered offerings like personalized response recommendations and instantly generated emails. The company is also applying AI internally across areas such as customer support, sales, and human resources.</p>\n\n<p>\"Thus, we believe Shopify will be able to grow its revenue at a much faster rate than its operating expenses for the foreseeable future, which will result in operating and free cash flow margin expansion and a higher valuation,\" Chukumba stated in his report upgrading Shopify.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Shopify Stock Soars 5% in Pre-Market on Analyst Upgrade Citing AI Strengths</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Shopify Stock Soars 5% in Pre-Market on Analyst Upgrade Citing AI Strengths\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-12-06 22:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shopify Inc's stock soared 5% in pre-market trading on Friday after Loop Capital upgraded the e-commerce company to a \"Buy\" rating and raised its price target to $140, citing Shopify's leveraging of artificial intelligence (AI) technologies as a key driver for future growth.</p>\n\n<p>According to Loop Capital analyst Anthony Chukumba, investors are underestimating Shopify's effective utilization of AI to better serve its merchants through AI-powered offerings like personalized response recommendations and instantly generated emails. The company is also applying AI internally across areas such as customer support, sales, and human resources.</p>\n\n<p>\"Thus, we believe Shopify will be able to grow its revenue at a much faster rate than its operating expenses for the foreseeable future, which will result in operating and free cash flow margin expansion and a higher valuation,\" Chukumba stated in his report upgrading Shopify.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SHOP","symbol_name":"Shopify Inc","start_time":0,"source_url":"","article_id":"1170904506","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1170904506","pubTimestamp":1733495842,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shopify Inc's stock soared 5% in pre-market trading on Friday after Loop Capital upgraded the e-commerce company to a \"Buy\" rating and raised its price target to $140, citing Shopify's leveraging of artificial intelligence  technologies as a key driver for future growth.According to Loop Capital analyst Anthony Chukumba, investors are underestimating Shopify's effective utilization of AI to better serve its merchants through AI-powered offerings like personalized response recommendations and ins","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SHOP":"Shopify Inc"},"translate_title":"股票跟踪分析师以人工智能优势为由升级Shopify股价盘前飙升5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHOP":1},"content_text":"Shopify Inc's stock soared 5% in pre-market trading on Friday after Loop Capital upgraded the e-commerce company to a \"Buy\" rating and raised its price target to $140, citing Shopify's leveraging of artificial intelligence (AI) technologies as a key driver for future growth.\nAccording to Loop Capital analyst Anthony Chukumba, investors are underestimating Shopify's effective utilization of AI to better serve its merchants through AI-powered offerings like personalized response recommendations and instantly generated emails. The company is also applying AI internally across areas such as customer support, sales, and human resources.\n\"Thus, we believe Shopify will be able to grow its revenue at a much faster rate than its operating expenses for the foreseeable future, which will result in operating and free cash flow margin expansion and a higher valuation,\" Chukumba stated in his report upgrading Shopify.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}