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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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