Why Shopify Stock Popped Today
Shares of North America's leading commerce enabler, Shopify (NASDAQ: SHOP), were 6% higher as of 3:30 p.m. ET Friday, according to data provided by S&P Global Market Intelligence.
This rise stems from an analyst at Wells Fargo raising their price target on the stock from $107 to $125, naming Shopify a "signature pick."
Although Nvidia, Palantir, OpenAI, and others capture most of the artificial intelligence (AI) fanfare, the analyst believes Shopify could prove to be a thematic AI story -- and I'd agree.
Source Fool.com
