13 Best Global Stocks to Buy Right Now

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9. Shopify Inc. (NASDAQ:SHOP)

Number of Hedge Fund Holders: 77

Shopify Inc. (NASDAQ:SHOP) is among the 13 Best Global Stocks to Buy Right Now. On July 18, analysts at CIBC lifted the stock’s price target to $145 from $125, while maintaining an Outperform rating for its shares.

The adjustment comes ahead of the company’s Q2 2025 earnings call on August 6, with the firm’s analysts anticipating Shopify Inc. (NASDAQ:SHOP) will meet or beat expectations for revenue growth.

CIBC also highlighted the Canadian e-commerce giant’s growing merchant base as a sign of its future strength. Moreover, the analyst projects minimal impact of tariffs on Shopify Inc. (NASDAQ:SHOP)’s growth trajectory and believes the company is well-positioned to help merchants navigate the challenge.

Analyst Todd Coupland further added that if the United States and China reach a ‘reasonable’ trade deal, there could be an upside to estimates for Shopify Inc. (NASDAQ:SHOP) during the second half of the year, as the current projections assume a deceleration in growth.

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