1 AI Stock to Buy Before It Soars 150%, According to a Wall Street Analyst (Hint: Not Micron or Sandisk) Memory chip makers Micron and Sandisk are two of the hottest artificial intelligence stocks on the market, with shares gaining 720% and 3,200%, respectively, in the past year.
But Shopify (NASDAQ: SHOP) is also leaning into the AI revolution, and Wall Street thinks the stock is undervalued
Among 55 analysts, Shopify has a median target price of $150 per share, implying 32% upside from its current share price of $113. But Keith Weiss at Morgan Stanley is among the most optimistic analysts; he recently set Shopify with a bull-case target price of $287 per share, implying about 150% upside from its current price. Here’s what investors should know.
Shopify is leaning into agentic commerce Shopify provides a turnkey solution for omnichannel commerce. Its software platform lets merchants manage their businesses across physical and digital storefronts, including social media, online marketplaces, and custom websites. Shopify also provides adjacent merchant solutions for payments, marketing, logistics, and artificial intelligence (AI).