Reported 23 days ago
Cantor Fitzgerald analyst Deepak Mathivanan has reaffirmed a 'Neutral' rating on Shopify Inc. (NASDAQ:SHOP) with a price target of $91 following the company's new partnership with Coinbase, allowing the use of USDC stablecoin for payments. This option is currently available to merchants across the U.S. and over 30 countries. While recognizing Shopify's potential, the firm suggests that some AI stocks may present better investment opportunities.
Source: YAHOO