As of the latest session, Shopify stock price today sits at $73.89, down 0.5% from yesterday's close. Analysts note a healthy technical trend, with the 20-day moving average maintaining upward momentum amid solid Q2 revenue forecasts. Upstart is back in growth mode, and the stock trades at a much more reasonable valuation. What Happened? Shares of e-commerce platform Shopify (NYSE:SHOP) jumped 6.8% in the afternoon session after the company received positive analyst commentary following the announcement of a new partnership with OpenAI's ChatGPT. TD Securities reinstated coverage with a Hold rating but increased its price target to $156 from $130. The collaboration integrated an 'Instant Checkout' feature within ChatGPT, allowing merchants to sell products directly to consumers. Analysts highlighted that, unlike many large tech companies, Shopify could monetize this artificial intelligence integration without heavy capital spending, allowing the new revenue to contribute directly to free cash flow. Is now the time to buy Shopify? Access our full analysis report here . What Is The Market Telling Us Shopify’s shares are very volatile and have had 26 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 4 days ago when the stock gained 5.4% on the news that the company announced a new partnership with OpenAI. The collaboration will integrate an "Instant Checkout" feature directly into ChatGPT, allowing users to seamlessly buy products from Shopify merchants. This news signals an advancement in "agentic commerce," where AI assists in the entire purchasing process. The announcement helped boost investor confidence in the company's focus on AI innovation. Shopify is up 48.7% since the beginning of the year, and at $159.91 per share, has set a new 52-week high. Investors who bought $1,000 worth of Shopify’s shares 5 years ago would now be looking at an investment worth $1,501. Sitting at $73.92, Shopify stock price today reveals cautious optimism, with traders eyeing macroeconomic indicators before making high-volume moves. The stock remains a favorite among growth-oriented portfolios.