On August 7, 2025, Citigroup maintained its "Outperform" rating for Shopify (NASDAQ:SHOP), with the stock priced at $154.9. This rating suggests that Citigroup expects Shopify to perform better than the overall market. Citizens JMP also raised Shopify's price target from $135 to $185, as highlighted by TheFly, indicating increased confidence in the company's future performance.
Shopify's stock surged by 20% on Wednesday, nearing record highs. This impressive rise was driven by the company's strong financial results and positive future outlook. Shopify, a leading provider of e-commerce software, reported a significant increase in gross merchandise value (GMV) and noted that anticipated tariff impacts did not occur, boosting investor confidence.
For the second quarter, Shopify reported earnings per share of $0.69, with revenue climbing 31% year-over-year to $2.68 billion, surpassing forecasts by Visible Alpha. The GMV saw a substantial rise of over 30%, reaching $87.84 billion. Chief Financial Officer Jeff Hoffmeister highlighted that both revenue and GMV growth accelerated during the period, with notable strength in all global markets, particularly in Europe.
Shopify's stock is currently priced at $154.90, reflecting a significant increase of 21.97%, or $27.90. During the trading day, the stock fluctuated between a low of $145.11 and a high of $156.39. Over the past year, the stock has reached a high of $156.39 and a low of $63.91. Shopify's market capitalization stands at approximately $200.96 billion, with a trading volume of 38.33 million shares.
