Here Is What Analysts Are Saying About Shopify Inc. (SHOP)

Shopify Inc. (NASDAQ:SHOP) is among the 15 Stocks ChatGPT Predicts Could Make You Wealthy in 5 Years. The company’s shares have more than doubled over the past year, driven by significant growth in GMV and revenue, and growing investor optimism around its international expansion, B2B sales, and AI investments.

On August 7, analysts at Benchmark hiked the stock’s price target to $190 from $140, while maintaining a Buy rating for its shares. The adjustment followed Shopify Inc. (NASDAQ:SHOP)’s second quarter fiscal 2025 results, where it achieved a 31% revenue growth and an FCF of 16%, marking eight successive quarters of double-digit FCF margins.

A day later, Evercore ISI Group also lifted its price target for Shopify Inc. (NASDAQ:SHOP) to $170 from $120 and reiterated its earlier Outperform rating for the stock.

Overall, Wall Street analysts have a bullish outlook for the global e-commerce company, with a consensus Buy rating and a one-year average share price target of $161.11, representing a further 10% upside from its current price.

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