By Vahid Karaahmetovic
Publication Date: 2026-02-17 12:42:00
Investing.com – Truist Securities on Tuesday upgraded Shopify (NASDAQ:SHOP) to Buy from Hold and raised its price target to $150 from $110, saying a broad software sell-off tied to AI concerns has created an attractive entry point for long-term (LT) investors.
“The sharp decline in software valuations related to AI fears has created attractive buying opportunities for LT investors in Shopify,” analyst Terry Tillman said in a note.
“Shopify is one of the few software companies that has seen much accelerated growth recently,” he added. The analyst believes long-term drivers such as international expansion, payments, enterprise traction, B2B and “now agent commerce can sustain one of the most profitable large-scale growth profiles in the software and agent AI space.”
Tillman addresses concerns about AI-driven disruption and so-called “vibe coding,” arguing that these risks are overstated. Vibe coding refers to the use of AI tools and prompt-based platforms without code to…