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Shopify shares rise on Meta deal; cautious $154 price target below Wall Street's $173 consensus

Analyst Insights
23 Sep 2026
24/7 Wall Street
View Source
Bullish
Shopify shares rise on Meta deal; cautious $154 price target below Wall Street's $173 consensus

Shopify's stock jumped over 10% following a new checkout partnership with Meta's Muse AI, highlighting its growing role in agentic commerce. Despite strong Q2 2026 results with 33.7% revenue growth and a 67.7% jump in operating income, Shopify trades at a high valuation of 53x forward earnings, raising some risk concerns. Wall Street's average price target is $172.77, but 24/7 Wall St. offers a more cautious $154.30 target, still recommending a buy with 90% confidence. The outlook depends on continued growth in free cash flow margins and managing transaction losses as Shopify scales.

Shopify's stock price on Pluang is currently USD 141.45 as of Sep 24, 2026 00:11 WIB, down 4.26% in one day and trading below its 52-week high of USD 179.01 but well above its 52-week low of USD 95.40. Despite Wall Street's optimistic price targets, Pluang investors show a cautious stance with 62% of order activity selling and a typical hold time of 77 days. This contrast highlights differing views on Shopify's valuation and growth prospects.

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Shopify falls 5% as Meta's Muse deal rally unwinds; Amazon blocks Muse AI assistant.

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