Shopify Shares Soar 10.18% on Bullish Sentiment Ahead of Earnings

Generated by AI AgentAinvest Pre-Market Radar
Wednesday, Aug 6, 2025 7:17 am ET1min read
Aime RobotAime Summary

- Shopify shares surged 10.18% pre-market as Benchmark analyst raised its price target to $140, maintaining a Buy rating ahead of Q2 earnings.

- Q2 revenue grew 31% YoY with eight consecutive quarters of double-digit free cash flow margins, driven by merchant expansion and market diversification.

- Analysts highlight Shopify's strong growth trajectory, with the updated target reflecting confidence in sustained earnings and revenue expansion.

On August 6, 2025, Shopify's stock surged by 10.18% in pre-market trading, reflecting a significant bullish sentiment among investors.

Benchmark analyst Mark Zgutowicz has raised the price target for

shares from $125 to $140, maintaining a Buy rating on the stock. This update comes ahead of Shopify's Q2 earnings report, which is expected to show strong revenue growth and positive free cash flow margins.

Shopify's Q2 revenue grew by 31% year-over-year, marking the eighth consecutive quarter of double-digit free cash flow margins. The company's strong financial performance has been driven by its focus on merchant growth and expansion into new markets.

Analysts are optimistic about Shopify's future prospects, with many expecting the company to continue its growth trajectory. The recent price target increase by Benchmark is a testament to the confidence that analysts have in Shopify's ability to deliver strong earnings and revenue growth in the coming quarters.

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