Is Shopify (SHOP)’s AI Opportunity Bigger Than it Looks?
Source: Insider Monkey ·
On September 23, Mizuho reiterated an Outperform rating and $180 price target on Shopify Inc. (NASDAQ:SHOP), viewing a recent stock pullback as a compelling buying opportunity. The weakness occurred after reports surfaced that Meta Platforms is planning a Meta Pay wallet for its new Muse AI assistant, causing investors to fear potential disintermediation. However, Mizuho […]
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On September 23, Mizuho reiterated an Outperform rating and $180 price target on Shopify Inc. (NASDAQ: SHOP ), viewing a recent stock pullback as a compelling buying opportunity. The weakness occurred after reports surfaced that Meta Platforms is planning a Meta Pay wallet for its new Muse AI assistant, causing investors to fear potential disintermediation. However, Mizuho highlighted that this market reaction mirrors the overdone concerns seen during Stripe Link's introduction two weeks prior. The firm clarified that consumer-facing payment wallets, whether Meta Pay, Stripe Link, or Shop Pay, simply serve as front-end user interfaces. Crucially, Shopify Payments remains the underlying merchant-side processing infrastructure that handles transactions and captures take rates. Management confirmed there is no change to payment economics, making Muse adoption a net positive tailwind for Shopify's volume. You May Also Want To Read: Shopify's Tailwind Acquisition Feeds the Agentic…