"Shopify's stock has sold off sharply, but the underlying business continues to grow at a strong pace, with Q4 GMV increasing 31% to $123.8 billion and Shop Pay GMV rising 62%."
"Despite the pullback, analysts have largely maintained their stance, indicating that Shopify's infrastructure could become essential for AI-native commerce, which is a key component of their bullish outlook."
Shopify's stock trades at $125.83, with a Wall Street price target of $159.70, indicating a 27% upside. The stock has dropped 31% from its 52-week high due to fears over profitability, despite revenue growth of 30.6% to $3.67 billion. Net income fell 42.5%, raising concerns. Analysts remain optimistic, citing strong growth in GMV and international revenue. The company's future relies on becoming a key player in AI-driven commerce, supported by recent product launches and a solid free cash flow of $2.01 billion.
Read at 24/7 Wall St.
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