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.
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The adjustment comes ahead of the company’s Q2 2025 earnings call on August 6, with the firm’s analysts anticipating Shopify Inc. 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.’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. during the second half of the year, as the current projections assume a deceleration in growth.
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