We recently published 10 stocks that offer massive returns. Shopify Inc. (NASDAQ:SHOP) was one of the best performers on Tuesday.

Shopify extended its winning streak to a third straight day on Tuesday, rising 7.47 percent to close at $127.24 each, as investors digested a combination of rating and price target upgrades from investment firms ahead of the e-commerce operator’s earnings release.

In a market report, ATB Cormark Capital raised its rating on Shopify Inc. (NASDAQ:SHOP) to “outperform” previously to “sector perform” earlier, while maintaining a $250 price target, saying the latter is in attractive territory and well-positioned to be a light-cap beneficiary of the AI ​​boom.

Meanwhile, another investment firm, BMO, reiterated its “outperform” rating for the stock, although it lowered its price target to $150 from $190 previously.

The rating upgrade was based on expectations that the company would deliver a solid earnings performance in the final quarter of the year, driven by sustained market share gains on U.S. holiday e-commerce sales that modestly beat expectations.

Shopify Inc. (NASDAQ:SHOP) is scheduled to release its financial and operational highlights on Wednesday, February 11th.

Finally, Shopify Inc. (NASDAQ:SHOP) received a “buy” recommendation from equities research firm MoffettNathanson, an upgrade from “neutral” previously. It also received a higher target price of C$203.57 compared to C$171.94 previously.

While we recognize SHOP’s potential as an investment, our conviction lies in the belief that some AI stocks are more promising to deliver higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also a big beneficiary of Trump’s tariffs and onshoring, check out our free report on the best short term AI stock.

READ THE FOLLOWING: 30 stocks that should double in 3 years i 11 Hidden AI Stocks to Buy Right Now.

Disclosure: no. This article is originally published in Monkey Insider.