Truist Raises Shopify Price Target to $150, Citing AI-Driven Buying Opportunity
Truist Securities upgraded Shopify to Buy from Hold and lifted its price target to $150 from $110, citing a software selloff driven by AI concerns as a buying opportunity. The analyst highlighted Shopify’s accelerating growth, $84 billion Q4 gross payment volume and its platform handling $5.1 million per minute on Black Friday.
1. Upgrade and Price Target Increase
Truist Securities moved Shopify from Hold to Buy and raised its price target to $150 from $110, pointing to a broad software valuation decline tied to AI fears as an attractive entry point for long-term investors.
2. AI Concerns and Growth Catalysts
Analyst Terry Tillman argued that risks from AI-driven "vibe coding" are overstated and noted Shopify’s accelerating revenue growth driven by international expansion, enterprise adoption, B2B initiatives and emerging agentic commerce capabilities.
3. Payments Performance and Platform Scalability
Shopify’s gross payment volume reached $84 billion in Q4 with 68% penetration of GMV, while its platform processed $5.1 million in sales per minute on Black Friday and handled 14.8 trillion database queries during Cyber Week.