SHOP Soars 8.4% in a Month: Can Growing Merchant Base Fuel More Gains?

Key Takeaways Shopify rose 8.4% in a month, outpacing its sector on strong growth in merchant tools and user adoption. Shop Pay processed $22B in GMV, up 57%, with major brands adopting the tool and new USDC payment integration. SHOP's partner network, including TikTok, Roblox, and Google Cloud, is boosting merchant reach and innovation.Shopify (SHOP) shares have gained 8.4% over the past month compared with the broader Zacks Computer & Technology sector’s increase of 4.8%. The Zacks Internet - Services i ...