Here’s What Analysts Think Of Shopify’s (SHOP) ChatGPT Integration

Shopify Inc. (NASDAQ:SHOP) is one of the 10 Stocks That Will Collapse Because of AI. On April 6, Wells Fargo cut its price target on Shopify Inc. (NASDAQ:SHOP) from  $191 to $166 while reaffirming an Overweight rating on the shares. The firm’s downward-adjusted price target implies a further 26% upside from the current levels. This is the second time this year that the firm has lowered its price target on the stock. Earlier in February, it had already cut its price target on the shares from $198 to $191, reflecting growing caution.

According to the firm, the rise of agentic commerce may not develop as quickly or smoothly as expected, suggesting earlier assumptions on adoption were slightly optimistic. However, it remains confident that Agentic commerce will gain traction over time, with Shopify Inc. (NASDAQ:SHOP) positioned as a key beneficiary.

Although AI-related concerns remain, Shopify Inc. (NASDAQ:SHOP) is working to address them by turning AI into an opportunity. On March 24, the company launched a new feature that allows merchants to sell products directly through ChatGPT using its Agentic Storefront. This move is part of the company’s wider strategy to connect with AI platforms, expanding product discovery across tools like Microsoft Copilot and Google Gemini.

Commerce Product Lead at OpenAI, Neel Ajjarapu, commented:

“This is a major step forward as we make ChatGPT the best personal shopping super assistant, while ensuring merchants remain in control of their customer experience.”

Shopify Inc. (NASDAQ:SHOP) operates as an e-commerce technology company across the United States, Asia-Pacific, Canada, the Middle East, Europe, Africa, and Latin America. The company offers tools to run, scale, market, and start online businesses of different sizes.

While we acknowledge the risk and potential of SHOP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SHOP and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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