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via finance.yahoo.comMarkets

Oppenheimer sees web and commerce software Q3 backdrop improving, AI worries linger

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Interest in web and e-commerce software companies has improved ahead of third-quarter results, but worries that artificial intelligence could hurt their businesses persist, Oppenheimer said in a recent note. Still guessing which stocks will beat the market? Our…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA brokerage note on e-commerce software points to improving interest, but AI remains a risk for these stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Interest in web and e-commerce software companies has improved ahead of third-quarter results.
  2. 02Worries that artificial intelligence could hurt their businesses persist.
  3. 03Shopify is expected to report revenue growth 2 to 3 points above the 31.6% forecast.
  4. 04Shopify gross merchandise volume growth is expected at about 32% to 33%, versus a 30.3% forecast.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Shopify Inc.SHOPStock168.68 USDMarket closedtoday -0.08%Positive GoDaddy Inc.GDDYStock112.79 USDMarket closedtoday -1.69%Positive Wix.com Ltd.WIXStock81.94 USDMarket closedtoday -0.74%Positive Oppenheimer Holdings Inc.OPYStock101.08 USDMarket closedtoday -0.96%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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