Truist Securities Raises PT on Shopify Inc. (SHOP) to $150 Following Strong Q2 Results

With strong year-to-date gains and significant hedge fund interest, Shopify Inc. (NASDAQ:SHOP) secures a spot on our list of the 10 Unstoppable Canadian Stocks to Buy Now.

On August 7, 2025, Truist Securities increased its price target on Shopify Inc. (NASDAQ:SHOP) from $95 to $150, keeping a ‘Hold’ rating. This price revision follows the company’s strong Q2 results.

In the second quarter, Shopify Inc. (NASDAQ:SHOP) reported 31% growth year-over-year in both GMV and revenue, driven by strong international momentum, particularly in European GMV, which grew 49%. The investment firm also highlighted the company’s AI-driven product innovation, including Universal Cart and Checkout Kit. This innovation enhanced merchant adoption and performance.

Thanks to Shopify Inc. (NASDAQ:SHOP)’s solid financial health and higher discounted cash flow assumptions, Truist expressed its growing confidence in the company’s long-term resilience and growth in a challenging macro environment.

Shopify Inc. (NASDAQ:SHOP) helps merchants manage sales, payments, fulfillment, analytics, and financing with its commerce technology. It is one of the unstoppable stocks.

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