Shopify Stock Targets and Market Potential
Keith Weiss of Morgan Stanley has set a bullish target price of $287 per share for Shopify (NASDAQ: SHOP), suggesting a potential upside of 150% from its current share price of $113. Wall Street’s median target is set at $150 per share, indicating a 32% upside. Shopify’s adjusted earnings are projected to grow at 31% annually through 2028, amid its strategic pivot towards agentic commerce, a burgeoning market anticipated to expand at 36% annually through 2033.
In its latest quarter, Shopify reported a 31% increase in total revenue, reaching $3.1 billion, alongside a 44% rise in non-GAAP net income per diluted share, climbing to $0.36. The company also witnessed a 35% increase in gross merchandise volume (GMV), driven primarily by an 80% surge in wholesale GMV and a 45% increase in international GMV.
Shopify stands as a leader in e-commerce software, with its merchants accounting for 15% of U.S. e-commerce sales. The company’s innovative efforts in integrating artificial intelligence have already resulted in a notable increase in AI-driven traffic and orders, indicating a promising trajectory as it continues to enhance its offerings in the agentic commerce space.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
