Shopify Stock Upgraded to 'Buy' as AI and Commission Reforms Drive Growth Expectations

Shopify (SHOP) shares rose on July 13 following a 'Buy' upgrade from Jefferies analyst Samad Samana, who set a $160 price target implying nearly 30% upside. Samana highlighted Shopify's potential as the 'infrastructure layer for agentic commerce' and emphasized AI integrations and a new commission model to accelerate high-margin growth. The firm is expected to beat Q2 EPS estimates at 0.28, with Jefferies maintaining a 'Strong Buy' rating and a $150 mean price target. Long-term, robust AI enhancements could pave the way for another price increase in 2027. Shopify's historical seasonal gains in July and August (5% and 6.61% respectively) also bolster near-term appeal. How Markets React?