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Shopify's $860M Trading Volume Lands 77th as Stock Surges 4.03% on Fed's Rate Cut Hopes
Generated by AI AgentAinvest Volume Radar
Tuesday, Jun 24, 2025 7:48 pm ET1min read
On June 24, 2025, Shopify's trading volume reached $860 million, ranking 77th in the day's stock market.
(SHOP) rose by 4.03%, marking its third consecutive day of gains, with a total increase of 7.96% over the past three days.Shopify's stock price surged today, driven by favorable comments from Fed Chair Jerome Powell regarding potential interest rate cuts. This positive outlook from the Federal Reserve has bolstered investor confidence in the e-commerce sector, leading to a significant boost in Shopify's stock performance.
DA Davidson has raised its price target for Shopify shares from $115.00 to $125.00, maintaining a "buy" rating. This adjustment reflects the firm's optimism about Shopify's growth prospects and its strategic initiatives aimed at expanding its merchant base.
Shopify's robust growth in its merchant base has been a key driver of its recent outperformance. The company's merchant-friendly tools, such as Shop Pay and Shopify Pay Installments, have attracted a growing number of merchants, contributing to its strong financial performance.
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