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​Shopify Inc. (NASDAQ:SHOP) is among the Stocks That Will Double in the Next 5 Years.

​On April 16, CIBC reiterated an Outperform rating on Shopify Inc. (NASDAQ:SHOP) with a price target of $185. The firm noted that they expect the company to post strong results in fiscal Q1 2026 and meet or beat the consensus estimate. The Street is expecting the company to post first-quarter revenue of around $3.09 billion, along with a GAAP EPS of $0.24.

​Management provided the Q1 outlook during the latest earnings call. Shopify Inc. (NASDAQ:SHOP) expects revenue growth to be in the low 30% range, along with gross profit dollar growth in the high 20%. Moreover, the operating expense is expected at 37% to 38% of revenue.

​CIBC highlighted that this outlook is supported by strong performance in payments and new merchant additions. Moreover, as per the firm’s research web-traffic growth for merchants increased 25% year-over-year in April through April 11, compared to the 20% increase in the first quarter. The firm noted that this trend supports the outlook presented by management and adds upside to the gross merchandising volume.

​Shopify Inc. (NASDAQ:SHOP) is a Canada-based global commerce company. It provides the infrastructure businesses use to start, grow, and manage retail operations of any size. Its platform supports commerce across online, in-store, and other channels, aiming to deliver a consistent shopping experience for consumers.

While we acknowledge the potential of SHOP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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