US Stocks Movement | Shopify rises 2.5% in pre-market as Jefferies upgrades rating to "Buy" and raises target price

Glonghui, July 13｜E-commerce platform Shopify (SHOP.US) rose 2.5% in pre-market trading to $125.63. According to reports, Jefferies upgraded Shopify's rating to "Buy" and raised its target price from $140 to $160. The core reason behind this upgrade is that Jefferies is optimistic about Shopify's potential in the field of Agentic Commerce. Analysts believe Shopify is likely to become the infrastructure layer of this emerging sector and provide merchants with intelligent agent empowerment tools, which will help it capture more incremental transaction volume, increase merchant retention, and expand its presence in the product discovery segment.