10 High Growth Mega-Cap Stocks to Buy and Hold for Next 10 Years

8. Shopify Inc. (NASDAQ:SHOP)

On March 24, Shopify Inc. (NASDAQ:SHOP) introduced a new feature that allows merchants to sell products directly through ChatGPT using its Agentic Storefront. This gives them seamless access to major AI channels, including Microsoft Copilot, ChatGPT, AI mode in Google Search, and the Geminin app. Hundreds of millions of ChatGPT users can now purchase and discover products without leaving the chat. All purchases still go through Shopify’s checkout and payment system, and merchants stay in control as the “merchant of record”, keeping ownership of customer data.

The company commented on its website:

Shopify has spent two decades unifying the full commerce lifecycle into one operating system—merchandising, payments, fraud, tax, fulfillment, subscriptions, and more. That infrastructure powers selling through storefronts, points of sale, social platforms, and now AI agents.

The Agentic plan, now publicly available, lets brands that don’t use Shopify Inc. (NASDAQ:SHOP) for e-commerce add their products to the Shopify catalog and sell across these AI channels. This move positions the company as a leader in AI-powered commerce, giving merchants more ways to reach shoppers where they are looking and buying products. It also supports long-term growth in online retail.

Earlier, on March 17, Terry Tillman from Truist Financial reaffirmed a Buy rating on Shopify Inc. (NASDAQ:SHOP) with the price target of $150. The firm’s price target suggests an additional 29% upside from the current levels.

Shopify Inc. (NASDAQ:SHOP) operates as a commerce technology company. The company offers tools to run, start, market, and scale businesses of different sizes across the United States, Canada,  the Middle East, Europe, Latin America, Africa, and the  Asia Pacific. It is also involved in the sale of themes and apps, advertising on the Shopify App Store, point-of-sale hardware,  shipping labels through Shopify Shipping, and Shop Campaigns for buyer acquisitions.