<div id="readability-page-1"><p>TD Cowen analyst John Shao maintained a Buy rating on Shopify yesterday and set a price target of $159.00.</p><h3>Claim 55% Off TipRanks</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Discover top-performing stock ideas and upgrade to a portfolio of market leaders with  Smart Investor Picks  </li></ul> <p>John Shao has given his Buy rating due to a combination of factors tied to Shopify’s execution and emerging growth drivers. He anticipates first-quarter results to align with expectations despite seasonal softness, while emphasizing that clearer guidance on free cash flow margins and progress in enterprise and B2B segments could support a recovery in the valuation multiple.</p> <p>Shao also highlights Shopify’s Agentic initiatives and AI tools as important, early-stage catalysts. He views the Agentic plan as a strategic way to capture additional GMV by acting as a neutral commerce channel, and sees Sidekick as a tool that can push merchants toward higher-tier subscriptions, lifting recurring revenue. Although monetization of Agentic commerce is still nascent, he expects more disclosure and momentum, which underpins his constructive stance on the shares.</p> <p>In another report released on April 22, RBC Capital also maintained a Buy rating on the stock with a $170.00 price target.</p> <p>SHOP’s price has also changed moderately  for the past six months – from C$245.170 to C$169.490, which is a -30.87% drop .</p></div>

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<p>TD Cowen analyst John Shao reiterated a Buy rating on Shopify with a price target of $159, citing Agentic AI initiatives and enterprise/B2B momentum as key growth drivers. He expects first-quarter results to meet expectations despite seasonal softness and believes clearer guidance on cash flow margins could enhance valuation. Shao views Shopify's Agentic plan as a strategic move to increase GMV and sees potential in the Sidekick tool for boosting recurring revenue. RBC Capital also maintains a Buy rating with a $170 target. Shopify's stock has dropped 30.87% over the past six months.</p>

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Analyst Reiterates Buy on Shopify, Citing Agentic AI Initiatives and Enterprise/B2B Momentum as Key Upside Drivers