Rothschild Redburn Lifts Shopify (SHOP) PT to $200, Keeps Buy

Shopify Inc. (NASDAQ:SHOP) is one of the best performing NASDAQ stocks according to hedge funds. On October 3, Rothschild Redburn lifted its price target for Shopify to $200 from $180 and maintained a Buy rating. The change is linked to Shopify’s partnership with OpenAI’s ChatGPT, which gives Shopify merchants access to a new online sales channel powered by AI. The firm expects ChatGPT to accelerate online sales for “functional retail goods” by acting as a virtual in-store personal advisor, which is comparable to how social media enabled “impulsive spending” online.

The analysts pointed out that, unlike several “Magnificent 7” tech companies, Shopify can monetize AI without large upfront capital spending. As such, AI revenues can contribute directly to free cash flow. For this reason, Rothschild Redburn has increased Shopify’s e-commerce growth rates (a 6–8% rise from 2025 to 2027) and projected market share.

Shopify Inc. (NASDAQ:SHOP) is a Canadian e-commerce technology company. It provides a cloud-based platform that enables merchants of all sizes to start, scale, and manage their businesses across multiple sales channels. Its core offerings include Shopify Payments for integrated payment processing, Shopify Shipping for logistics and fulfillment, and Shopify Capital for merchant financing.

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Disclosure: None. This article is originally published at Insider Monkey.