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Shopify stock holds near current price with a $106.90 target, signaling cautious outlook amid AI growth hopes.

Analyst Insights
16 Jun 2026
24/7 Wall Street
View Source
Neutral
pluang ai news

Shopify's 24/7 Wall St. price target is $106.90, slightly below its current price of $112.49, suggesting a modest downside of about 5% over the next year. Despite a strong Q1 2026 with revenue and operating income growth, the stock trades at a high valuation with risks including rising loan losses and slowing revenue growth. Bulls are optimistic about Shopify's AI tools and commerce platform expansion, while bears worry about valuation and credit risks. The recommendation is to hold shares as the company executes its AI strategy and buyback program.

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