Shopify's Trading Volume Drops to $866 Million but Stock Price Soars to Top 2025 Gains

On June 23, 2025, Shopify's trading volume reached $866 million, marking a 21.63% decrease from the previous day. Despite this, Shopify's stock price rose by 3.36%, marking two consecutive days of gains and a total increase of 3.78% over the past two days.

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 confidence in Shopify's growth prospects, driven by robust gross merchandise volume (GMV) growth and the expanding penetration of Shopify Payments.

Shopify's recent addition to the NASDAQ 100 Index has also contributed to its positive momentum. The company reported a 27% jump in first-quarter revenue, further bolstering investor confidence in its financial performance.

Premium fashion brand PAIGE has successfully unified its commerce experience across more than 20 retail stores using Shopify's platform. This integration has resulted in a 50% increase in conversion rates and faster staff operations, demonstrating the effectiveness of Shopify's solutions in enhancing retail performance.