Can Shopify Inc. (SHOP) Double in the Next 5 Years?

​Shopify Inc. (NASDAQ:SHOP) is among the Stocks That Will Double in the Next 5 Years.

​On April 16, CIBC reiterated an Outperform rating on Shopify Inc. (NASDAQ:SHOP) with a price target of $185. The firm noted that they expect the company to post strong results in fiscal Q1 2026 and meet or beat the consensus estimate. The Street is expecting the company to post first-quarter revenue of around $3.09 billion, along with a GAAP EPS of $0.24.

​Management provided the Q1 outlook during the latest earnings call. Shopify Inc. (NASDAQ:SHOP) expects revenue growth to be in the low 30% range, along with gross profit dollar growth in the high 20%. Moreover, the operating expense is expected at 37% to 38% of revenue.

​CIBC highlighted that this outlook is supported by strong performance in payments and new merchant additions. Moreover, as per the firm’s research web-traffic growth for merchants increased 25% year-over-year in April through April 11, compared to the 20% increase in the first quarter. The firm noted that this trend supports the outlook presented by management and adds upside to the gross merchandising volume.

​Shopify Inc. (NASDAQ:SHOP) is a Canada-based global commerce company. It provides the infrastructure businesses use to start, grow, and manage retail operations of any size. Its platform supports commerce across online, in-store, and other channels, aiming to deliver a consistent shopping experience for consumers.

While we acknowledge the risk and potential of SHOP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SHOP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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