Shopify stock gains 1.24 percent as AI checkout expands

Published on 09/29/2026 at 08:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shopify stock delivered Q2 revenue of USD 3.58 billion, up 33.70 percent year over year. Meta's Muse partnership expands Shop Pay into agentic checkout.

SHOP, CA82509L1076, Illustration mit AI erstellt.

Shopify stock (CA82509L1076) gained 1.24 percent to USD 144.01 on NASDAQ at 4:00 p.m. ET on September 28, 2026. The move came as the commerce platform's latest AI strategy met a strong Q2 operating record and a new agentic checkout channel.

AI checkout widens Shopify's reach

Shopify and Meta are enabling Meta's Muse personal AI agent to browse Shopify-powered stores and complete purchases through Shop Pay, according to Yahoo Finance on September 22, 2026. The arrangement gives Shopify a route to participate when AI agents move from product discovery to payment.

The market data show the reference price near the session high of USD 144.04, while the 52-week range runs from USD 94.00 to USD 182.19. That leaves the stock 20.98 percent below its yearly high, a concrete valuation and momentum checkpoint for the AI thesis.

Q2 growth stays above 30 percent

In Q2 2026, Shopify revenue rose 33.70 percent year over year to USD 3.58 billion, while gross merchandise volume increased 31.60 percent to USD 115.57 billion, according to Zacks. Adjusted earnings reached USD 0.42 per share, 7.69 percent above consensus, while Shopify Payments penetration rose 3.00 percentage points to 68.00 percent of global GMV.

Shopify's Q3 2026 outlook calls for revenue growth in the low 30s percentage, with free cash flow margin in the high-teens to low-20s percentage range, as Benzinga reported from the Q2 call. The comparison matters because the guidance preserves a growth rate above 30.00 percent even as Shopify scales.

Analyst target exceeds current price

Bernstein initiated coverage with an Outperform rating and a USD 160.00 price target on September 11, 2026, according to CNBC. The target lies 11.10 percent above the September 28 price of USD 144.01, while the stock's trailing P/E ratio of 97.30 shows that investors are already paying a high multiple for the growth profile.

Shopify stock gains at USD 144.01

Shopify stock was last at USD 144.01 on NASDAQ on September 28, 2026 at 4:00 p.m. ET, up USD 1.76 or 1.24 percent on the session. Market capitalization stood at USD 186.9 billion and volume reached 8,046,802 shares.