To The Moon

On Wednesday, Shopify raised its third-quarter revenue forecast above Wall Street’s expectations. The e-commerce giant’s latest AI-driven features and platform upgrades have sparked renewed demand from merchants, helping Shopify weather ongoing headwinds caused by tariff uncertainties that continue to pressure the broader retail sector.

Shopify’s innovative business model has long been one of my favorites — a scalable, SaaS-powered platform that empowers entrepreneurs and enterprises alike to build and grow online stores seamlessly. This approach not only drives recurring revenue but also positions Shopify as a key enabler of the global shift toward digital commerce, which I believe holds massive long-term potential.

That said, despite my enthusiasm for the company’s prospects, I’m holding off on buying shares at current levels. The stock’s recent impressive rally to a 52-week high means it’s trading at a premium, and I prefer to buy low and sell high rather than chase momentum. Additionally, Shopify doesn’t pay dividends, which limits its appeal for income-focused investors like me.

Shopify (SHOP)

For now, Shopify isn’t on my active watchlist, but I’ll be monitoring its performance closely. If the company can sustain growth and capitalize on AI-powered tools to expand its market share, I wouldn’t be surprised to see the stock push toward the $170 mark or beyond, making it an exciting story to watch in the evolving e-commerce landscape.