DA Davidson Raises Shopify (SHOP) Price Target to $125, Maintains Buy Rating
Photo by Roberto Cortese on Unsplash
Despite rising competition, DA Davidson remains confident in Shopify's market leadership. The firm's valuation reflects optimism about Shopify's long-term potential, pricing the stock at 12 times its estimated 2026 revenue. Shopify continues to expand its merchant services and platform capabilities to strengthen its position in e-commerce.
Shopify Inc. (NASDAQ:SHOP) is a global commerce technology company that helps businesses of all sizes start, scale, and manage their operations. Its platform enables merchants to handle inventory, payments, orders, and customer relationships across online stores, physical locations, and marketplaces.
While we acknowledge the potential of SHOP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Healthcare Stocks to Buy Now and 10 Stocks Analysts Are Upgrading Today.
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Trump's Social Security Tax U-Turn — What Retirees Need To Know Now
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