Benchmark Raises Shopify (SHOP) Price Target, Keeps Buy Rating

Shopify Inc. (NASDAQ:SHOP) is one of the 10 Best Stocks for 5 Years (Long-Term Stock Portfolio). On August 7, Benchmark increased its price target for Shopify Inc. (NASDAQ:SHOP) from $140 to $190 while keeping a Buy rating.

This decision to raise the price target came after Shopify Inc. (NASDAQ:SHOP) shared results for the second quarter of 2025.

Shopify Inc. (NASDAQ:SHOP) reported a 31% year-over-year growth in its Gross Merchandise Volume (GMV). According to Benchmark, this marked the company’s strongest growth in 3.5 years.

The company also reported faster GMV and revenue growth in North America, Europe, and Asia Pacific compared to the first quarter of 2025. Shopify Inc. (NASDAQ:SHOP) still has a lot of potential to grow its market share, especially in international markets.

Shopify Inc. (NASDAQ:SHOP) is a global commerce company that offers an all-in-one e-commerce platform to start, run, and grow a business.

While we acknowledge the potential of SHOP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.