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Shopify (NASDAQ:SHOP | SHOP Price Prediction) just delivered the strongest earnings reaction in its recent history. Shares closed +16.98% on the Q2 print, rising from a prior close of $123.30 to $144.24.
Our 24/7 Wall St. price target for Shopify is $155 over the next 12 months, implying roughly 7.5% additional upside from current levels. Our research framing leans constructive on the setup.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $144.24 |
| 24/7 Wall St. Price Target | $155 |
| Upside | ~7.5% |
| Research Stance | Constructive |
| Confidence Level | 75% |
Shopify was already showing signs of strong execution. The Q2 blowout, paired with a $1.42…
