Shopify Shares Jump On OpenAI Partnership, Oppenheimer Reiterates Outperform
Shopify Inc. (NASDAQ: SHOP) shares gained more than 6% on Monday after OpenAI announced that U.S. Shopify merchants would be able to sell products directly within ChatGPT conversations. Oppenheimer reiterated its Outperform rating and $180.00 price target, saying the integration could enhance discoverability and conversion for Shopify’s merchant base across ChatGPT’s roughly 70 million U.S. monthly active users. Analysts said Shopify could capture incremental gross merchandise volume as “agentic commerce” i ...