Shopify Shows No Slowdown: Will SHOP Stock Hit $135 in 2025?

Shopify (SHOP) is resilient, showing no signs of slowing down despite broader economic challenges. The commerce platform provider continues to post strong growth numbers, and the near-term outlook suggests this positive trend is far from over.

Thanks to the ongoing strength in its business, SHOP stock has gained over 80% in one year. While concerns over tariffs and fears of a potential economic slowdown had temporarily weighed on the stock, Shopify has marked a comeback. Over the last month, SHOP stock has climbed more than 28%, including a 13.7% surge on May 12. This sharp uptick came after encouraging news from U.S.-China trade negotiations, where both countries agreed to pause most tariffs for 90 days. This truce eased concerns about a global recession, sparking a broad market rebound and lifting growth stocks like Shopify.