Reported about 8 hours ago
DA Davidson has raised its price target for Shopify (NASDAQ:SHOP) to $125 from $115 while retaining a Buy rating, following the company’s strong Q1 2025 results showcasing 26.5% revenue growth. Analysts believe Shopify is more resilient than expected, with AI expected to boost merchant engagement. Despite increased competition, DA Davidson maintains confidence in Shopify’s market leadership, valuing the stock at 12 times projected 2026 revenue as the company continues enhancing its e-commerce capabilities.
Source: YAHOO