10:50 AM EDT, 07/18/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target to CAD206 from CAD167, on higher revised EV/S of 15x our 2026 estimate, which compares to the five-year historical forward average (on a next-12-month basis) of 19.5x and the 16x ratio since the company went public in 2015. We keep our 2025 EPS view at $1.45 and 2026 at $1.82. Ahead of Q2 earnings expected on August 6, we think consensus expectations are attainable with potential upside to 2H expectations, as we see a more favorable macro environment and less dire tariff implications. We continue to think that SHOP can sustain at least 20% revenue growth (due to similar GMV growth) through 2026 and expect SHOP to sustain rather than expand margins from current levels (Q1 FCF margin at 15%) given plans to reinvest into new growth opportunities (e.g., absolute figures will rise as SHOP sees scale benefits). We like greater penetration for Shopify Payments as well as AI initiatives while geography expansion and new/existing merchant size growth supports long term growth potential.