Analysts Set $150, $180 Price Targets as Shopify Shares Surge 8.7%
Shares of Shopify jumped 8.7% after MoffettNathanson upgraded to Buy with a $150 target and JP Morgan reiterated a $180 forecast. JP Morgan projects Q4 revenue of $3.557 B (+26% yoy), cautions on slowing payments and GMV deceleration, and flags AI upgrades and European Shop Pay growth.
1. Analyst Upgrades and Price Targets
MoffettNathanson raised Shopify’s rating from Neutral to Buy with a $150 price target, while JP Morgan maintained its Overweight stance and set a $180 forecast, driving investor confidence.
2. Fourth-Quarter Financial Projections
JP Morgan forecasts fourth-quarter revenue of $3.557 billion, up 26% year-over-year, with adjusted earnings per share of $0.53, projecting continued top-line strength ahead of earnings.
3. Key Risks and Growth Drivers
The analyst warns of decelerating payment volumes and GMV growth but highlights long-term catalysts including AI-driven product enhancements and expanding Shop Pay adoption in Europe.