Shopify (SHOP) PT Raised to $180 at BMO Capital

BMO Capital analyst Thanos Moschopoulos raised the price target on Shopify (NASDAQ: SHOP) to $180.00 (from $120.00) while maintaining a Outperform rating.

The analyst comments "We remain Outperform on SHOP and have raised our estimates and target price following strong Q2/25 results and guidance. GMV growth accelerated across each of North America, Europe and APAC relative to the prior quarter, and SHOP has yet to see a tariff-driven slowdown. SHOP continues to execute well across its multiple growth vectors—with ongoing runway across each of these—while its merchant base has proven to be more resilient than expected. We see room for multiple expansion given SHOP's competitive position and its strong growth rate relative to its size."

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