Shopify Surges to Record High, TSX Hits New Peak Amid Q2 Earnings Beat
ByAinvest
Thursday, Aug 7, 2025 12:20 pm ET1min read
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The TSX index fell 125 points at midday, with most sectors lower. However, Shopify surged in Q2 with 31% growth, driven by international and enterprise gains, according to Morgan Stanley. Several analysts raised their price targets on Shopify, including RBC to $170, UBS to $145, Truist to $150, Deutsche Bank to $185, and Morgan Stanley to $165. The stock rose 21.5% on Q2 earnings beat.
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