Shopify poised for growth with agentic AI in online shopping

Shopify is poised to see significant growth from agentic AI, a new trend in e-commerce that allows shoppers to find and buy products online through chatbots. Analysts predict this will bring new customers to e-commerce and reshape the retail industry, with potential benefits for merchants who use Shopify's platform to host their stores. Bank of Nova Scotia analyst Kevin Krishnaratne upgraded his rating for Shopify's stock to "outperform," and his target price to $200 from $165.