On August 13, Shopify rose 3.02% in regular trading, trading at $154.97/share, with turnover of $566 million. The stock continues to build on strong post-earnings momentum following its Q2 results released on August 5.
Shopify reported Q2 EPS of $1.16, far exceeding the FactSet consensus estimate of $0.30, while revenue of $3.58 billion topped the $3.43 billion estimate with 33.7% year-over-year growth. Gross merchandise volume reached $115.57 billion, up 32% year-over-year. The company guided Q3 revenue growth at a low-thirties percentage rate, above the 27% market expectation.
Multiple analysts subsequently raised their price targets: RBC lifted to $180 from $170 maintaining Outperform; Truist Securities raised to $180 from $150 maintaining Buy; and Wedbush raised to $176 from $155, highlighting Shopify's positioning for agentic commerce with AI-driven products. Wedbush noted that AI is now deeply integrated into Shopify's operations, with AI-driven traffic and orders surging.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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