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YahooOctober 22, 2026 at 5:13 PM NY4 Days Ago

Shopify Down 3% as ATB Cormark Downgrades the Stock After a 56% Three-Month Run

Key TakeawaysShopify shares fell 3% today after ATB Cormark downgraded the stock to Sector Perform from Outperform, with a C$234 price target. The downgrade follows a 56% run in three months, driven by AI shopping partnerships, including Meta’s Muse deal.

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