Stifel Maintains Buy Ratings for Shopify and Twilio

Stifel maintained Buy ratings for Shopify and Twilio, identifying the rise of consumer AI agents and the launch of Meta Muse as long-term growth drivers. Meta Muse has seen rapid adoption in the United States, surpassing ChatGPT as the leading free iOS app with nearly 3 million downloads in less than two weeks.

Stifel argues that the app's capacity for personalized recommendations and improved discovery will increase transactions for Shopify. This surge in e-commerce activity is expected to drive higher customer engagement communication volumes for Twilio. While the investment firm expects the impact on third-quarter results to be muted, it views these AI agents as tailwinds that will scale through 2027.

Other analysts from Rosenblatt, TD Cowen, JCI, Citizens, and Mizuho also issued positive ratings and price targets for Twilio. These firms cited Twilio's ability to monetize voice growth and AI-driven communications as key factors for its positive outlook.