Advisory🎯 About Squarespace🎯 About Wix
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RBC Dominion Securities raised Shopify’s stock target from $180 to $200, maintaining an Outperform rating. Analyst Paul Treiber attributed the increase to Shopify’s e-commerce growth, market-share gains, and potential benefits from artificial intelligence. He also suggested that third-party data indicates Shopify may exceed consensus expectations for its Q3 2026 results, set for release on November 3.
On October 20, 2026, Shopify’s pre-market trading price was EUR 151.77 ahead of the Xetra market open. The revised target reflects optimism about Shopify’s ability to leverage AI-driven efficiencies and sustain its competitive position in the e-commerce sector.
Why it matters: The raised stock target reflects growing investor confidence in Shopify’s growth trajectory and AI capabilities. This could influence valuation benchmarks and market sentiment for competitors like Wix and Squarespace.