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Shopify (SHOP) stock is trending higher, delivering a 95% gain in six months. The momentum has carried over into early 2025, with shares of the leading commerce platform already up 10% in the year to date.
Despite Shopify stock’s significant gains, at least one Wall Street analyst expects SHOP stock to hit $140, roughly 19% higher than its Jan. 28 closing price. Let's dive into what’s driving Shopify's growth and what could impact its stock price in 2025 and beyond.