Overview
- The stock has fallen about 25% this year, leaving it roughly a third below its 52‑week high.
- Analysts stay positive, with RBC keeping an Outperform at $170 after data showed first‑quarter gross merchandise volume of $100.4 billion, up 34%.
- Most Wall Street ratings are Buys, and the consensus price target near $160 points to meaningful upside from recent levels.
- Management signaled confidence with a low‑30% first‑quarter revenue growth outlook and a $2 billion share repurchase.
- Shopify posted about 31% revenue growth to nearly $3.7 billion in the fourth quarter of 2025, and investors now look to the next report to see if the momentum holds.