How the ‘Build Canada' forum aims to help the economy
How the 'Build Canada' forum aims to help the economy
Entrepreneur and VP of Shopify Daniel Debow speaks on the Build Canada forum that allows people to share radical policy ideas.
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Globe and Mail
5 days ago
- Globe and Mail
Wells Fargo Predicts Double-Digit Upside for Shopify Stock
The stock of e-commerce company Shopify (SHOP) jumped over 6% higher after Wells Fargo (WFC) raised its target price to $125 from $107 on Friday. This new target suggests about 12% upside potential from current levels. The bank believes Shopify could quietly become one of the biggest beneficiaries of the AI boom. Confident Investing Starts Here: Wells Fargo Sees Big AI Opportunity for Shopify Wells Fargo called Shopify a 'thematic AI story.' The firm said that though SHOP is not usually seen as an AI stock, there are clear signs the company is heading that way. It pointed to Shopify's growing use of AI within its operations, new AI tools for merchants, and partnerships with major players like OpenAI, Meta (META), and Perplexity. The analyst believes that these initiatives could help Shopify make the shopping experience better for users and help sellers manage their stores with more ease. Building on that view, Wells Fargo expects AI to bring major changes to e-commerce going forward. The firm believes AI will allow online stores to offer more personalized shopping, automate customer service, and better manage pricing and inventory. The analyst thinks Shopify is well-positioned to benefit from these changes. Looking ahead, the firm sees strong growth in what it calls 'agentic commerce,' where AI acts like a personal shopping assistant. Wells Fargo expects this space to expand quickly and reach $505 billion in sales by 2030. The analyst believes Shopify is in a good spot to capture a solid share of this market. Overall, Wells Fargo sees Shopify as more than just an e-commerce company. With the company's strong focus on AI, the firm views it as a smart, long-term bet in the AI space. Is SHOP a Good Stock to Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on SHOP stock based on 26 Buys, 11 Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average SHOP price target of $113.44 per share implies 1.82% upside potential. See more SHOP analyst ratings
Globe and Mail
5 days ago
- Globe and Mail
Analysts Love This 1 ‘Underappreciated' AI Stock
Shopify (SHOP) is a cloud-based, multi-channel e-commerce platform. The company provides its users with the necessary tools to manage, design, and market their products across multiple channels such as web and mobile stores, pop-up shops, social media, physical stores, and more. It enables users to manage inventory, process orders and payments, and assist in deliveries. The company primarily offers its services to small and medium-size businesses. Founded in 2004, the company is spread across Europe, the Americas, the Middle East, and the Asia-Pacific with its headquarters in Ontario, Canada. About Shopify Stock Shopify has a market cap of $144.25 billion with the stock trading sideways and gaining just 2.8% in 2025. The stock did see a slight dip in early April but has recovered while gaining 19.2% in the last month. Despite this, it is still 16% behind its 52-week high set in February. Shopify Slightly Beats Revenue Estimates Shopify announced its first-quarter results on May 8. Revenue came in at $2.36 billion, outpacing analysts' $2.33 billion estimate. During the quarter Shopify had gross merchandise volume (GMV) of $74.75 billion, better than Wall Street's $74.66 billion estimate. Monthly recurring revenue came to $182 million, beating analysts' $179.99 million estimate. Revenue from its Merchant Solutions segment came to $1.74 billion, surpassing the $1.71 billion estimate. Subscription Solutions revenue stood at $620 million while analysts predicted $621.22 million. Shopify saw a swift rise in operating expenses which rose 10.9% to $966 million. Operating margin came at 8.6%, up from 4.6% posted in the same quarter last year while billings increased 28.1% to $2.36 billion. The company ended the quarter with a cash balance of $5.51 billion while free cash flow increased 56.5% to $363 million. For the ongoing Q2, management has provided guidance where they expect revenue to grow at a mid-20% rate year-over-year, while gross profit is pegged to grow at a high-20% rate and operating expenses as a percentage of revenue is anticipated at a 39% to 40% range. Shopify Labeled 'Underappreciated' by Analyst Wells Fargo analyst Andrew Bauch called Shopify an underappreciated artificial intelligence (AI) play in a new research note last week. The analyst has given the stock an 'Overweight' rating while raising its price target from $107 to $125, reflecting nearly 17% upside potential. The analyst has called Shopify an 'underappreciated' player in the AI space while highlighting its strong commitment to AI integration, partnership with market leaders such as OpenAI, Meta (META), and Perplexity, and innovative merchant solutions. He further claimed that instead of being threatened by the AI revolution, Shopify stands to gain from it given its AI adoption and expansion in e-commerce. Wells Fargo claims the company to be well-positioned to capitalize on the rising AI-powered commerce industry and project agentic commerce to grow to $505 billion by 2030, a solid 30% growth rate annually in gross merchandise volume (GMV). They also expect Shopify to keep a 12.5% market share in the market providing the company a sizable boost from its current GMV. Analyst Takes on SHOP Analysts have a positive outlook on the company with a consensus 'Moderate Buy' rating and a mean price target of $116.88 reflecting upside potential of roughly 9%. The stock has been reviewed by 45 analysts in total while receiving 28 'Strong Buy' ratings, two 'Moderate Buy' ratings, 14 'Hold' ratings, and one 'Strong Sell' rating.
Globe and Mail
5 days ago
- Globe and Mail
Why Shopify Stock Bounded Higher on Wednesday
Shares of Shopify (NASDAQ: SHOP) charged sharply higher on Wednesday, climbing as much as 6.4%. As of 1:59 p.m. ET, the stock was still up 5.7%. While the broader market updraft likely helped fuel its ascent, the e-commerce platform provider announced it was adding a new tool to help merchants succeed. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Automated tax filing Shopify announced a partnership with compliance specialist Sovos to launch Shopify Tax automated filing, a new tool that simplifies the preparation and submission of sales tax returns for Shopify users. This new feature is available immediately to eligible merchants in the U.S. The Sales and Use Tax Filing solution is integrated deeply into Shopify's systems, helping create and submit sales tax returns. This significantly reduces the amount of time needed to manage sales tax compliance, while also helping to minimize the risk of an audit. A one-stop SHOP One of the biggest attractions for Shopify merchants is having all the tools they need to simplify running their business right at their fingertips. Shopify offers a wide range of these tools, helping entrepreneurs build websites, automate marketing, manage inventory, handle shipping and logistics, and accept and process payments. There's a lot for investors to like as well. In the first quarter, revenue rose 27% year over year, while free cash flow jumped 56%. Excluding the changes in the value of its equity investments, Shopify's net income climbed 56%. Finally, the company's consistent performance has fueled stock price gains of 236% over the past three years. Shopify currently sells for 94 times earnings and 16 times sales, but this fails to account for the company's consistent growth. Using the more appropriate price-to-earnings growth (PEG) ratio, which factors in that growth, results in a multiple of 0.04 -- when any number less than 1 is the standard for an undervalued stock. Should you invest $1,000 in Shopify right now? Before you buy stock in Shopify, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Shopify wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor 's total average return is996% — a market-crushing outperformance compared to174%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
