Cantor Fitzgerald Reaffirms Neutral Rating on Shopify (SHOP)

Shopify Inc. (NASDAQ:SHOP) is one of the 11 Best Fintech Stocks to Buy Right Now. On July 2, Cantor Fitzgerald analyst Deepak Mathivanan reiterated a “Neutral” rating on Shopify Inc. (NASDAQ:SHOP) with a price target of $91 in a research note.

This decision by the research firm came after Shopify Inc. (NASDAQ:SHOP) announced a new partnership with Coinbase that will allow consumers to use USDC stablecoin for payments on Shopify stores.

Cantor Fitzgerald Reaffirms Neutral Rating on Shopify (SHOP)

An enthusiastic customer completing a purchase and receiving an order confirmation via one of the companies online sales channels.

According to Cantor Fitzgerald, this new payment option with USDC integration is now available to merchants in early access across the US and in over 30 other countries.

Shopify Inc. (NASDAQ:SHOP) is a Canadian multinational commerce and financial technology company. It provides a platform for e-commerce and offers a suite of financial tools, including Shopify Balance, Shopify Credit, Shopify Capital, Shopify Bill Pay, and Shopify Tax. These tools help merchants manage cash flow, access funds faster, and simplify financial tasks.

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