1 Wall Street Analyst Thinks Shopify Stock Is Going to $85. Is It a Buy at Around $69?

Clear avenues for growth could allow the e-commerce giant to continue reporting annual gains of 20% or better over the next several years.The rapid growth rates Shopify (SHOP 0.23%) has displayed since 2020 could continue through 2030, at least according to Morgan Stanley analyst Keith Weiss.Since mid-2020, the leading e-commerce platform has reported annual revenue gains above 20% quarter after quarter. Weiss is confident enough about future growth at a similar pace to upgrade the stock to overweight from ...