to unprecedented heights, according to industry analysts. Krishnaratne, a prominent analyst, has upgraded his rating for Shopify's stock to "outperform," with a revised target price of US$200, up from US$165. This optimistic forecast is fueled by the potential of AI chatbots to dramatically enhance the online shopping experience.
By harnessing the power of AI to aggregate product reviews, user experiences, and expert opinions, these chatbots can deliver personalized recommendations that perfectly match a shopper's preferences. Consider, for instance, the vast expanse of online product reviews, often scattered and overwhelming. AI chatbots can sift through this noise, distilling it into actionable insights that empower shoppers to make informed decisions.
This capability has far-reaching implications, particularly for smaller retailers who often struggle to compete with larger rivals. The large language models that underpin AI chatbots have been shown to recommend items that would otherwise languish in obscurity, buried beneath a mountain of more popular products.
Shopify Inc. SHOP-T is poised to see a wave of growth from agentic artificial intelligence , a new trend in e-commerce that has the potential to ...Other references and insights: See here
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