Analyst: As agent-based businesses mature, Shopify is still expected to gain market share

```htmlGolden Ten Data reported on July 10 that Shopify’s pace of gaining market share in the e-commerce sector has not slowed down, possibly supported by intelligent commerce and continuously compound growth in gross merchandise volume. Stifel analyst J. Parker Lane stated that Shopify “has a realistic path to achieving over 30% revenue growth in 2026, and then maintaining mid-20% growth thereafter.” The stock is currently down, and intelligent AI is still in its early stages, which “provides an attractive entry point for high-quality, compound growth companies with multiple levers to utilize on an ever-expanding exchange.” He believes the company also has a rigorous operating model and capital allocation strategy, which gives it flexibility in a rapidly evolving landscape. Stifel upgraded the stock’s rating from Hold to Buy, raising the target price from $110 to $150.```