On August 27, Shopify rose 3.33% in regular trading, trading at $155.3/share, with turnover of $135 million.

On the news front, prominent investment firm Rosenblatt recently initiated coverage on Shopify with a Buy rating and a $175 price target. The firm highlighted that Shopify's B2B business and international market expansion represent the two most undervalued growth segments, noting that the company's free cash flow generation capability and operating leverage are highly attractive to bulls.

The initiation comes on the heels of Shopify's strong Q2 earnings reported on August 5, in which revenue reached $3.58 billion, up 33.7% year-over-year, exceeding consensus estimates. GMV surged 32% to $115.57 billion, while net income rose 66% to $1.502 billion. Multiple analysts subsequently raised price targets, including RBC to $180, Truist Securities to $180, and Wedbush to $176, citing strength in AI-driven commerce, enterprise adoption, and international growth momentum. Shopify guided Q3 revenue growth in the low-thirties percentage range, above prior market expectations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)