Browsing: SHOP

Jefferies maintained its ‘Buy’ rating and $175 price target on Shopify, citing potential GMV growth.

On a rainy Wednesday afternoon, a novelty toy and games store in the quiet Brooklyn neighbourhood of Cobble Hill was seeing much busier foot traffic than usual.

In recent weeks, Shopify has attracted renewed attention as analysts highlighted its accelerating revenue and profit growth, expanding payments footprint, and AI-powered commerce tools, including integrations that let third-party agents complete purchases

On October 14, 2026, Jefferies reiterated its buy rating on Shopify Inc (NASDAQ: SHOP), setting a price target of $175 as the company prepares to release its third-quarter earnings. The outlook is buoyed by third-party data suggesting potential growth in gross merchandise volume (GMV), which could signal a strong finish to the year. Investors have…

TradingKeyOct 12, 2026 1:47 PM View all comments（0）  • Major investment firms raised Shopify price targets following positive analyst revisions. • Shopify integrates artificial intelligence into its transactional infrastructure for agentic shopping. • The stock exhibits high volatility, strong technical indicators, and premium valuation multiples.

Shopify has surged back into focus after a strong multi year run. With the stock now around US$170, the real question is whether that price still lines up with the earnings the business is generating.

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Shopify (SHOP) closed the most recent trading day at $176.52, moving -1.51% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.02%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.15%.