Shopify Inc: Needham Initiates Coverage with a 'Buy', Sees More Upside
Globe and Mail15-07-2025
Shopify Inc. (SHOP) (SHOP:CA)
On July 14, 2025, Needham & Company started their coverage with a 'Buy' rating on Shopify, with a 12-month price target of $135 USD per share.
According to Needham analysts, Shopify is well-positioned to capitalize on the ongoing shift toward omnichannel commerce, driven by small and medium-sized businesses seeking scalable solutions. Shopify's expanding suite of merchant tools—including AI-powered analytics, improved point-of-sale integration, and cross-border selling capabilities—as key drivers of long-term growth.
In addtion, Shopify's recent partnership expansions and infrastructure investments (such as logistics improvements and fulfillment network enhancements) support both operational efficiency and customer retention.
Despite broader market volatility, Needham believes Shopify's recurring revenue model, strong gross merchandise volume (GMV) growth, and solid balance sheet make it an attractive long-term holding. The $135 USD price target suggests a moderate upside from current levels, contingent on sustained execution and favorable macroeconomic conditions.
Shopify Inc. has a consensus analyst rating of 'Buy', and a average analyst 12-month price target is $120 USD per share.
On July 14, 2025, Needham & Company started their coverage with a 'Buy' rating on Shopify, with a 12-month price target of $135 USD per share.
According to Needham analysts, Shopify is well-positioned to capitalize on the ongoing shift toward omnichannel commerce, driven by small and medium-sized businesses seeking scalable solutions. Shopify's expanding suite of merchant tools—including AI-powered analytics, improved point-of-sale integration, and cross-border selling capabilities—as key drivers of long-term growth.
In addtion, Shopify's recent partnership expansions and infrastructure investments (such as logistics improvements and fulfillment network enhancements) support both operational efficiency and customer retention.
Despite broader market volatility, Needham believes Shopify's recurring revenue model, strong gross merchandise volume (GMV) growth, and solid balance sheet make it an attractive long-term holding. The $135 USD price target suggests a moderate upside from current levels, contingent on sustained execution and favorable macroeconomic conditions.
Shopify Inc. has a consensus analyst rating of 'Buy', and a average analyst 12-month price target is $120 USD per share.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
a few seconds ago
- CTV News
Cochrane takes Ontario's top spot in national fitness challenge
Cochrane was named Ontario's most active community in the 2025 ParticipACTION challenge, earning $7,500. The town hosted 110 events, prioritizing inclusivity. "We're proud beyond words," said Mayor Peter Politis.
CTV News
a few seconds ago
- CTV News
City surpasses housing supply growth target ahead of schedule
Calgary Watch The City of Calgary is celebrating surpassing its housing target ahead of schedule, but not everyone is excited by the steps taken to increase supply.
CTV News
a few seconds ago
- CTV News
Alberta government settles with Atrum Coal for $142M
Calgary Watch Alberta taxpayers are on the hook for more than $140 million, as the province settled one of five lawsuits filed against it over coal mining policies.
