Shopify Inc. (SHOP) Receives Positive Projections from Analysts

Shopify Inc. (SHOP) is projected to be among the top 15 stocks with the potential to generate significant wealth for investors over the next five years. The company’s stock has more than doubled in the past year, driven by growth in GMV, revenue, and optimism surrounding its international expansion and AI investments.

Benchmark analysts raised Shopify’s price target to $190 from $140, maintaining a Buy rating following its strong Q2 performance. Similarly, Evercore ISI Group increased its price target to $170 from $120, reflecting a bullish outlook for the e-commerce leader, which holds a consensus Buy rating and a one-year price target of $161.11.