Shopify Named Top Web Builder Pick by Piper Sandler With $165 Target
Piper Sandler initiated coverage of Shopify with an Overweight rating and a $165 price target, calling it the core infrastructure of global commerce. The firm projects 28% revenue growth by 2027, outpacing consensus estimates of 24%.
Shop Pay and Shopify POS are targeting over $50 trillion in unaddressed global GDP, with Q4 gross merchandise value surging 31% year-over-year. The bull case hinges on three pillars: cohort performance exceeding COVID-era levels, payments expansion, and enterprise adoption as 80% of top e-commerce sites remain off major platforms.