Shopify A

Shopify will allow customers to connect third‑party AI agents to their Shop accounts so agents can browse listings and complete purchases using one‑click Shop Pay. The catalog accessible to agents includes over a billion items on and off Shopify storefronts, and buyers must approve each purchase and can set rules like budgets or fast‑shipping only. Orders placed by agents are routed back through the Shop app for tracking and management. The move expands Shopify’s agentic commerce strategy beyond its earlier partnership with Meta’s Muse. » More on theverge.com

Shopify rallied after a checkout partnership with Meta Muse and 24/7 Wall St. set a $154.30 price target, below the $172.77 Wall Street consensus. Q2 revenue grew 33.7% to $3.58 billion, GMV rose 32% and operating income jumped 67.7%, while free cash flow reached $654 million. Risks include a rich valuation (53x forward earnings), rising transaction and loan losses ($141 million) and a beta of 2.62 that increases volatility if macro conditions or the AI narrative weaken. Bull and bear scenarios put targets between $133 and $190 depending on operating leverage and loss trends. » More on finance.yahoo.com

Shopify shares fell about 5–6% as investors pared back gains from the Muse agentic checkout partnership with Meta, while Meta held modestly higher. Amazon blocked Muse from its storefront, citing credential scraping and harm to its personalized merchandising, which limits how broadly agentic checkout can roll out. The deal does not change Shopify’s merchant economics or payment rates, suggesting profit-taking and broader tech softness drove the pullback. Market watchers will monitor whether other large storefronts follow Amazon and whether Meta names additional retail partners. » More on finance.yahoo.com