Bullish
Shopify's stock rises after strong Q2 earnings and new 'Buy' rating.
Shopify's stock price increased following the release of its Q2 2026 earnings report, which showed a 33.7% year-over-year revenue growth to $3.58 billion. Additionally, Rosenblatt Securities initiated coverage with a 'Buy' rating and a price target of $175, citing growth potential in B2B and international markets.
Key points
- Shopify's Q2 2026 revenue grew by 33.7% year-over-year to $3.58 billion.
- Rosenblatt Securities initiated coverage with a 'Buy' rating and a $175 price target.
- Shopify is reportedly developing a native buy-now-pay-later feature within its checkout system.
Sources
AI-generated from public news sources. Not financial advice.
