Morgan Stanley: Shopify expects to accelerate growth, market expectations warming.

Morgan Stanley stated in a report that Shopify, which is set to announce its first quarter results next week, seems poised for faster growth thanks to strong third-party data and healthy trends in American e-commerce. Analysts at Morgan Stanley said that recent third-party data supported solid fundamentals and also "eased concerns about bearish narratives around smart commerce." These analysts added that despite intensified geopolitical pressures impacting consumer sentiment, "American e-commerce demand continues to look healthy, with first quarter non-store sales growth remaining resilient throughout the quarter." Shopify's stock price rose by 4.7% to 172.62 Canadian dollars, but has fallen by 22% year-to-date.