Key Highlights:
- Stripe and Shopify expand collaboration, enabling stablecoin USDC payments across 34 countries.
- Analysts project an average price target for Shopify at $132.95, with a potential upside of 21.74%.
- Shopify receives an "Outperform" recommendation from brokerage firms, with an average rating of 2.2.
Stripe (STRIP) has broadened its alliance with Shopify (SHOP, Financial), empowering Shopify merchants in 34 countries to accept stablecoin payments in USDC. This enhancement allows merchants the flexibility to receive payments in their local currency or to transfer them directly as USDC to external wallets.
Wall Street Analysts Forecast for Shopify
According to projections from 43 analysts, the average price target for Shopify Inc (SHOP, Financial) is set at $132.95. Analysts have provided a high estimate of $175.00 and a low estimate of $87.64. This average target price suggests a potential upside of 21.74% based on the current stock price of $109.21. For a deeper dive into these estimates, visit the Shopify Inc (SHOP) Forecast page.
Brokerage Recommendations and GF Value
Shopify Inc (SHOP, Financial) has achieved an "Outperform" recommendation from 48 brokerage firms, with an average rating score of 2.2. The rating spectrum ranges from 1 to 5, where "1" represents a Strong Buy and "5" indicates a Sell.
GuruFocus provides an estimate called the GF Value for Shopify Inc (SHOP, Financial) over the next year, calculated at $111.73. This represents a modest upside of 2.31% from the current share price of $109.21. The GF Value, determined by GuruFocus, reflects the fair trading value of the stock based on historical trading multiples, past business growth, and future business performance estimates. For further details, visit the Shopify Inc (SHOP) Summary page.
