01:55 PM EDT, 08/06/2025 (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 raise our 12-month target is $185 from $150, keeping our enterprise value to sales (EV/S) at about 15x but shifting to our 2027 sales estimate, which is below SHOP's five-year historical forward average of 19.5x and the 16x ratio since the company went public in 2015. After posting Q2 results that demonstrated top-line growth well ahead of our expectations, we increase our 2025 EPS estimate to $1.58 from $1.45, lift 2026's to $1.94 from $1.82, and start 2027 at $2.49. We think GMV growth continues to outperform expectations, driven by same-store sales growth from existing merchants, rising number of merchants, and expanding international base. Also, we are encouraged by large scale new customer wins, like Starbucks and Canada Goose, while SHOP is also seeing a broader use of its e-commerce platform across more end markets. We also like greater adoption for SHOP's AI Assistant, Sidekick, which we think is adding greater stickiness to its platform. We note that SHOP did highlight merchant price increases amid tariffs.