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Investing.com - Truist Securities raised its price target on Shopify (NASDAQ:SHOP) to $150.00 from $95.00 on Thursday, while maintaining a Hold rating on the e-commerce platform following its second-quarter results. The stock, currently trading near its 52-week high of $156.39, has delivered an impressive 142.45% return over the past year.
The firm cited Shopify’s accelerating growth across both gross merchandise volume (GMV), which increased 31% year-over-year (29% currency-neutral), and revenue, which also grew 31% compared to the same period last year. According to InvestingPro data, the company maintains strong financial health with a GREAT overall score and has achieved a 28.98% revenue growth over the last twelve months.
Shopify demonstrated particularly strong international performance, with European GMV surging 49% year-over-year (42% in constant currency) and overall international GMV rising 42% compared to the previous year.
Truist Securities noted that AI-powered product innovation was "on full display" during the quarter, with several notable releases including Universal Cart and Checkout Kit, contributing to the company’s strong performance.
The price target increase was based on higher discounted cash flow assumptions, with the firm stating it remains "incrementally positive on Shopify’s resiliency, long-term growth engines and ability to execute in an uncertain macro" environment.
In other recent news, Shopify has garnered significant attention from various analyst firms following its strong second-quarter 2025 results. BMO Capital has raised its price target on Shopify to $180, maintaining an Outperform rating, citing accelerated Gross Merchandise Volume (GMV) growth across North America, Europe, and Asia-Pacific. Mizuho (NYSE:MFG) also raised its price target to $150, noting a 31% year-over-year increase in GMV and revenue, both surpassing consensus expectations. Loop Capital increased its price target to $155, acknowledging impressive sequential revenue growth and healthy expansion in operating and free cash flow margins. DA Davidson set a new price target of $185, attributing the increase to Shopify’s strong execution of its long-term growth strategy. Additionally, JPMorgan raised its price target to $179, maintaining an Overweight rating. These developments highlight the positive sentiment among analysts regarding Shopify’s recent performance and future prospects.
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