Browsing: SHOP

Analyst Upgrade: Social media has lit up with commentary on Bernstein SocGen Group’s fresh Outperform rating and $160 price target for Shopify. Observers note the firm’s view that AI tools are reducing barriers and broadening market opportunities.

E-commerce took a leap forward during the pandemic.1 Although online shopping had already been gaining ground prior to 2020, the mobility restrictions led many people to discover the benefits of shopping from home. Since then, spending through digital channels as a share of total card spending and cash withdrawals has continued to rise, now reflecting an…