Shopify (SHOP, Financial), a leading e-commerce platform provider, has caught the attention of Needham, a respected investment firm. On July 14, 2025, Needham analyst Scott Berg initiated coverage on Shopify with a "Buy" rating. This move underscores the firm's optimism about Shopify's future growth prospects.
In addition to the rating, Needham has announced a price target of $135.00 USD for Shopify (SHOP, Financial). This target reflects the analyst's assessment of the company's potential trajectory in the evolving digital commerce landscape.
Shopify (SHOP, Financial) continues to be a major player in the e-commerce industry, known for empowering businesses with its comprehensive suite of online retail solutions. The latest endorsement from Needham is a testament to the confidence in Shopify's strategic direction and market position.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 43 analysts, the average target price for Shopify Inc (SHOP, Financial) is $132.95 with a high estimate of $175.00 and a low estimate of $87.64. The average target implies an upside of 18.59% from the current price of $112.11. More detailed estimate data can be found on the Shopify Inc (SHOP) Forecast page.
Based on the consensus recommendation from 48 brokerage firms, Shopify Inc's (SHOP, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Shopify Inc (SHOP, Financial) in one year is $117.23, suggesting a upside of 4.57% from the current price of $112.11. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Shopify Inc (SHOP) Summary page.
