Shopify upgraded to ‘buy' as AI initiatives drive growth and efficiency

Loop Capital upgraded Shopify to 'buy' due to AI innovations, raising its price target to $140, predicting revenue growth surpassing expenses and improved profitability.

Analysts react to Shopify's Black Friday sales data

Shopify reported $11.5 billion BFCM GMV, a 24% year-over-year increase, raising mixed reactions from analysts regarding growth sustainability amid historical trends and valuation questions.

Shopify merchants hit record $11.5 billion in Black Friday-Cyber Monday sales

Shopify merchants achieved $11.5 billion in sales during Black Friday-Cyber Monday weekend, reflecting a 24% growth and emphasizing global participation and enhanced online shopping infrastructure.

US consumers driving strong e-commerce holiday spending

AI startup Perplexity adds shopping features as search competition tightens

Perplexity, an AI search startup, launched a shopping hub with product cards and a visual search tool to compete with Google and expand its platform offerings.

Canada stocks higher at close of trade; S&P/TSX Composite up 0.54%

Canadian stocks rose with gains in IT and mining, led by Shopify's significant increase. The S&P/TSX Composite hit an all-time high despite more declining stocks.

In changing climate, retailers turning to weather strategies

Shopify revenue tops estimates as e-commerce group eyes holiday shopping season

Shopify exceeded Q3 revenue expectations with strong demand for AI-enhanced services, reporting significant growth in merchandise volume, sales, and operating income ahead of the holiday season.

TSX hits record high on tech boost after Shopify's earnings

Canada's stock index reached a record high, boosted by a 20% rise in Shopify's shares following strong quarterly results.

Shopify delivers upbeat holiday forecast as AI draws customers, shares surge

Shopify forecasts strong Q4 revenue growth, aided by AI tools, and reports a 26% revenue rise in Q3, boosting its shares nearly 15% in premarket trading.