Shopify Gains 8.5% After Truist Boosts Price Target to $150
Shopify shares surged 8.5% following Truist Securities’ upgrade from Hold to Buy and price target hike from $110 to $150. Strong fourth-quarter revenue growth, announced a new share repurchase authorization and encouraging Q1 2026 guidance underscored the company’s AI-driven marketplace expansion.
1. Analyst Upgrade and Price Target Increase
Truist Securities upgraded Shopify from Hold to Buy and raised its price target from $110 to $150, triggering an 8.5% jump in the stock during afternoon trading.
2. Strong Q4 Results and Guidance
Shopify delivered robust fourth-quarter revenue growth and issued encouraging guidance for the first quarter of 2026, driven by expanding merchant subscriptions and higher transaction volumes.
3. Share Repurchase and AI Strategy
The company announced a new share repurchase authorization and emphasized progress in AI-powered marketplace features, positioning Shopify to capitalize on accelerating e-commerce automation trends.