From 24/7 Wall St. · David Moadel · · 1m
Shopify Stock Rallies 35% in Month
Shopify shares up 35% in a month: take profits or buy more?
In brief
Shopify shares up 35% in a month: take profits or buy more? Shopify stock rose 35% in a month to $173.81 as investors weigh profit-taking against continued growth. Originally reported by 24/7 Wall St..
Shopify Stock Rallies
Shopify shares rose 35% over the past month to $173.81, climbing 2% in afternoon trading.
Rally Driven by Growth
Shopify reported $3.58 billion revenue in Q2 2026, up 33.7% year over year.
Wall Street Forecasts Rise
Analysts revised Shopify's 2026 earnings estimate up to $1.911 per share, with 2027 at $2.4554.
Competitor Performance
MercadoLibre shares rose 5% to $1,868.19, while eBay climbed 8% to $121.26.
AI-Driven Momentum
Shopify President Harley Finkelstein linked growth to AI, stating agentic transactions carry the same economics as online sales.
Profit-Taking Debate
Shopify trades at a 170x P/E ratio, raising questions about whether to lock in gains or buy more.
What to remember
Shopify stock rose 35% in a month to $173.81 as investors weigh profit-taking against continued growth.
