Should I buy Shopify stock in Singapore in 2025?
Is it the right time to buy Shopify?
ScoreShopify (SHOP), listed on NASDAQ, is currently trading around $116.52 USD with an average daily trading volume of approximately 12.6 million shares, highlighting consistent investor interest. Over the past year, Shopify has produced outstanding returns (+74.61%) and delivered another set of strong quarterly results, consistently exceeding both revenue and profit expectations. One of the most notable recent developments has been the introduction of 'Sidekick', Shopify’s AI-powered commerce assistant, reinforcing the company’s leadership in e-commerce technology. Additionally, several top-tier banks, including recent upgrades from Wells Fargo, have set higher target prices, reflecting constructive market sentiment. While its price-to-earnings ratio remains elevated, the market continues to view this as justified given Shopify’s six consecutive quarters of revenue growth above 25% and its ambitious investment in AI innovation. Sector-wide, Shopify stands out as a growth leader in global e-commerce platforms, appealing to SMEs and benefitting from international expansion and digitalization trends. Reflecting current optimism, the consensus target price among more than 12 national and international banks is approximately $151, signalling confidence in Shopify’s ability to maintain its pace of innovation and expansion even in volatile markets.
- ✅Sustained revenue growth above 25% for six consecutive quarters.
- ✅AI integration with new 'Sidekick' feature enhances merchant support.
- ✅Dominant position among e-commerce platforms for SMEs globally.
- ✅Robust international expansion into key emerging markets.
- ✅Strong recurring revenue from subscription-based business model.
- ❌Premium valuation with a high P/E ratio may create near-term sensitivity.
- ❌Stock exhibits above-average volatility compared to market peers.
Score- ✅Sustained revenue growth above 25% for six consecutive quarters.
- ✅AI integration with new 'Sidekick' feature enhances merchant support.
- ✅Dominant position among e-commerce platforms for SMEs globally.
- ✅Robust international expansion into key emerging markets.
- ✅Strong recurring revenue from subscription-based business model.
Is it the right time to buy Shopify?
- ✅Sustained revenue growth above 25% for six consecutive quarters.
- ✅AI integration with new 'Sidekick' feature enhances merchant support.
- ✅Dominant position among e-commerce platforms for SMEs globally.
- ✅Robust international expansion into key emerging markets.
- ✅Strong recurring revenue from subscription-based business model.
- ❌Premium valuation with a high P/E ratio may create near-term sensitivity.
- ❌Stock exhibits above-average volatility compared to market peers.
Score- ✅Sustained revenue growth above 25% for six consecutive quarters.
- ✅AI integration with new 'Sidekick' feature enhances merchant support.
- ✅Dominant position among e-commerce platforms for SMEs globally.
- ✅Robust international expansion into key emerging markets.
- ✅Strong recurring revenue from subscription-based business model.
- What is Shopify?
- How much is Shopify stock?
- Our full analysis on Shopify stock
- How to buy Shopify stock in Singapore?
- Our 7 Tips for Buying Shopify Stock
- The latest news about Shopify
- FAQ
- On the same topic
Why trust HelloSafe ?
At HelloSafe, our expert has been tracking the performance of Shopify for over three years. Every month, hundreds of thousands of users in Singapore trust us to analyze market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Shopify.
What is Shopify?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Canada | Shopify is a Canadian tech company with a major presence on US and global markets. |
| 💼 Market | NASDAQ, TSX | Listed on major North American exchanges; accessible to international investors. |
| 🏛️ ISIN code | CA82509L1076 | International identification enables global trading and portfolio inclusion. |
| 👤 CEO | Tobi Lütke | Long-standing founder-CEO ensures innovation and consistent strategic direction. |
| 🏢 Market cap | $152.13 billion USD | High market cap underscores Shopify’s strong industry position and growth expectations. |
| 📈 Revenue | $2.16 billion USD (Q3 2024) | Revenue is growing over 25% year-on-year, showing strong business momentum. |
| 💹 EBITDA | Not available (rapid reinvestment phase) | Shopify focuses on scaling; current profits are reinvested into innovation and expansion. |
| 📊 P/E Ratio (Price/Earnings) | 94.73 | Elevated P/E signals premium growth valuation; future earnings expansion is anticipated. |
How much is Shopify stock?
The price of Shopify stock is rising this week. The current price stands at USD 116.52, showing a 1.52% gain over the last 24 hours but a decline of 3.05% across the week. Shopify’s market capitalization is USD 152.13 billion, with an average 3-month trading volume of 12.64 million shares. The price-to-earnings ratio is 94.73, and the dividend yield remains 0%, while the stock’s beta is 2.63, signaling high volatility. Investors should be aware that Shopify’s aggressive growth profile may lead to wider price swings and strong upside potential.
Our full analysis on Shopify stock
After reviewing Shopify’s latest financial results and analysing its stock performance over the past three years, we have leveraged a combination of financial indicators, technical signals, market data, and competitor intelligence through our proprietary algorithms. This multifaceted approach allows us to filter out noise and focus on probability-weighted drivers that matter to investors. So, why might Shopify stock once again become a strategic entry point into the fast-evolving global e-commerce and technology sector in 2025?
Recent performance and market context
Shopify’s recent stock trajectory has remained compelling, even amidst short-term volatility. As of July 2025, the share price stands at $116.52, representing a 74.61% gain over the past year—an exceptional outperformance compared to major indices and sector peers. Intraday, the stock booked a positive move of +1.52%, with a minor weekly pullback of -3.05%, often characteristic of profit-taking following strong rallies. Over six months, the advance totals +6.65%, signaling resilience through changing macroeconomic backdrops. Notably, Shopify has produced six consecutive quarters of revenue growth above 25%, consistently outperforming market expectations and catalyzing investor enthusiasm. The company’s market cap of $152.13 billion reflects broad recognition of its long-term leadership potential in the high-growth e-commerce infrastructure space. Recent highlights include an impressive Q3 2024 earnings report, major analyst upgrades, and the successful launch of new AI-driven product features, all contributing to positive investor sentiment and reinforcing Shopify’s desirability for growth-focused portfolios. Against the backdrop of a resilient global digital commerce sector and expanding online spending—particularly relevant across the Asia-Pacific region, including Singapore—Shopify’s ability to stay at the front of innovation remains a key pillar of its market relevance.
Technical analysis
Current technical indicators are overwhelmingly bullish for Shopify. The Relative Strength Index (RSI) sits just below 60, far from overbought conditions, suggesting the potential for further upward moves. The MACD remains steadily in positive territory (+0.7), and all relevant short-to-long-term moving averages (MA20 at $114.94, MA50 at $114.20, MA100 at $111.14, and MA200 at $109.15) show the share comfortably trading above key support levels. This strong technical structure underlines clear support around $114.97 and highlights early signs of a bullish reversal after brief consolidation phases. While the recent -3.05% weekly move may prompt caution, intraday momentum and current technical signals (“Strong Buy” consensus) point toward an imminent resumption of the upward trend. For Singaporean investors seeking a stock with visible price floors and healthy upward trajectories, Shopify’s current chart offers just that.
Fundamental analysis
Shopify’s fundamentals are as compelling as its technicals. On revenue, the company delivered $2.16 billion in Q3 2024 (+26% YoY), with gross merchandise volume (GMV) growth of 24%. Its recurring revenue model, supported by a subscription-based ecosystem and continuous innovation, secures robust free cash flow margins (19% last quarter) and minimizes earnings cyclicality. Despite a seemingly high price/earnings (P/E) ratio of 94.73, this metric is justified by the company’s unrivaled growth profile and operational leverage. Analyst forecasts assume continued “mid-to-high twenties” revenue growth rates for the foreseeable future, amply supporting a premium valuation. Importantly, Shopify’s increasing profitability, consistent earnings beats, and expanding service offering—including AI-powered tools and internationalization—help solidify its position as a best-in-class digital infrastructure provider. Structural advantages, such as its dominant market share in SME e-commerce and a rapidly growing global merchant base, reinforce its competitive moat. Add to that a brand renowned for resilience, innovation, and stickiness, and Shopify’s case for long-term appreciation becomes clear—especially as digital transformation accelerates across Asia and the broader global economy.
Volume and liquidity
Shopify’s healthy trading volume—averaging 12.64 million shares daily—confirms market confidence and provides easy liquidity for both institutional and retail investors. With over 1.2 billion shares floating on the public market, the stock accommodates significant institutional flows without excessive price impact, supporting dynamic and efficient price discovery. Such liquidity is particularly important for Singapore-based investors, enabling nimble position adjustments amid market moves, while signaling the stock’s appeal to a global investor base.
Catalysts and positive outlook
Several imminent catalysts position Shopify for further appreciation. First, the roll-out of AI-powered commerce tools, most notably the “Sidekick” assistant, is likely to drive incremental growth by enhancing merchant productivity and operational agility. International expansion remains a top priority, with increasing traction in Asia-Pacific—a region projected to dominate global e-commerce by the end of the decade. Strategic partnerships with leading payment platforms and continuous feature upgrades foster ecosystem stickiness and drive merchant lifetime value. Analyst upgrades following recent earnings outperformance further elevate medium-term expectations. In addition, burgeoning ESG initiatives and moves to deepen cloud and digital wallet offerings underscore Shopify’s relevance for the next wave of e-commerce innovation. Macroeconomic tailwinds—including the normalization of global supply chains, increasing digital adoption, and strong consumer and SME demand—add to the upside, with digital commerce platforms increasingly favored over traditional retail by both investors and end users.
Investment strategies
- Short-term positioning: The recent pullback to the $115–$117 zone serves as a technical entry point, providing exposure ahead of anticipated earnings catalysts and further AI product launches. The visible support at $114.97 and “Strong Buy” technical consensus reduces near-term downside risk.
- Medium-term accumulation: Investors may consider gradual accumulation, leveraging dips associated with overall market volatility, confident in recurring revenue growth and continuous margin expansion.
- Long-term conviction: For those with a multi-year horizon, Shopify’s unique blend of market leadership, disruptive innovation, and robust growth potential in the digital economy suggests a compelling case for disciplined, long-term ownership. Exposure to Asia-Pacific growth dynamics further strengthens this rationale for Singaporean portfolios.
Is it the right time to buy Shopify?
Shopify currently exhibits a remarkable convergence of supportive technicals, outstanding fundamentals, and visible medium-term growth drivers. The company’s premium valuation is underpinned by best-in-class revenue expansion, operational excellence, and robust progress in key innovation fronts such as AI integration and ecosystem expansion. Recent analyst upgrades and healthy trading volume further highlight investor conviction and market liquidity. In the context of Southeast Asia’s vibrant digital transformation, Shopify stands out as a superior candidate for capitalizing on global and regional e-commerce trends.
All these factors considered, Shopify seems to represent an excellent opportunity for investors seeking exposure to the leading edge of retail technology and business model innovation. As the platform strengthens its merchant ecosystem, global reach, and AI-driven differentiation, its fundamentals justify renewed interest. For Singaporean investors interested in quality, growth, and future-focused investment theses, Shopify may be entering a new bullish phase worth serious consideration—especially at current technical levels that offer both support and upside potential.
The ongoing shift from traditional commerce to cloud-enabled platforms continues to reward forward-thinking investors; Shopify’s proven ability to adapt, scale, and lead within this digital revolution reinforces its case at the heart of tomorrow’s commerce ecosystem.
How to buy Shopify stock in Singapore?
Buying Shopify stock online is both simple and secure with a regulated broker in Singapore. You can choose between two main options: buying the actual shares for long-term investing (spot buying) or trading using Contracts for Difference (CFDs) for short-term, flexible strategies with leverage. Each method is easily accessible through online platforms and comes with regulated investor protections. For a detailed broker comparison to help you pick the best platform, see our table further down the page.
Spot buying
A cash purchase of Shopify stock means you acquire actual shares that you own as an investor. This method is ideal for those looking to participate in long-term price growth and potentially receive dividends in the future. Most Singapore brokers charge a fixed commission per order, usually from USD 5 to USD 15 per trade.
Gain scenario
If the Shopify share price is USD 116.50, you can buy around 8 shares with a USD 1,000 stake, including a brokerage fee of around USD 5.
If the share price rises by 10%, your shares are now worth USD 1,100.
Result: +USD 100 gross gain, i.e. +10% on your investment.
Trading via CFD
CFD trading on Shopify shares allows you to speculate on price movements with leverage, without owning the underlying shares. This strategy is popular for short-term trading. Fees include the spread (the difference between buy and sell price) and possible overnight financing if you hold your contract beyond one day.
Example of a CFD position gain scenario
You open a CFD position on Shopify shares, with 5x leverage.
This gives you a market exposure of USD 5,000.
✔️ Gain scenario:
If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: +USD 400 gain, on a bet of USD 1,000 (excluding fees).
Final advice
It’s important to compare the fees, spreads, and features of different brokers before investing in Shopify. The best method—spot buying or CFD trading—depends on your investment goals and appetite for risk. For more broker details and tailored comparisons, refer to our broker table further down the page.
Check out the best brokers in Singapore!Compare brokersOur 7 Tips for Buying Shopify Stock
| 📊 Step | 📝 Specific tip for Shopify |
|---|---|
| Analyze the market | Assess Shopify’s performance alongside global e-commerce trends and Singapore’s rapidly growing digital economy. |
| Choose the right trading platform | Select a MAS-regulated broker with cost-effective access to the NASDAQ, ensuring reliable Shopify transactions. |
| Define your investment budget | Set a budget that fits your goals and risk tolerance, knowing Shopify is growth-focused and can be volatile. |
| Choose a strategy (short or long term) | Decide if you aim to capture Shopify’s innovation over the long term, or prefer tactical trades on earnings momentum. |
| Monitor news and financial results | Keep up with Shopify’s quarterly earnings and major product launches, which can catalyse strong share price moves. |
| Use risk management tools | Protect your capital with stop-loss and take-profit orders, particularly given Shopify’s higher-than-average swings. |
| Sell at the right time | Consider selling on strength near resistance levels or after strong quarterly results that boost the share price. |
The latest news about Shopify
Shopify announces advanced partnership with Southeast Asian e-payment providers to boost local merchant adoption. In the last week, Shopify confirmed expanded integrations with leading payment gateways favored by Singaporean businesses, aiming to reduce friction and accelerate onboarding for SMEs in the region. This strategic move supports Shopify’s growing presence in Singapore’s dynamic e-commerce sector and enhances its competitive advantage in digital commerce enablement.
Localized AI-powered tools roll out for Singapore merchants seeking business automation and efficiency. Shopify has recently launched its "Sidekick" AI assistant for Singapore-based users, offering advanced automation in store management, analytics, and customer support. The tool is available to eligible merchants and is expected to drive productivity, which aligns well with the tech-forward commercial spirit of the SG market.
Shopify maintains strong year-on-year growth, with positive sentiment among Singapore investors and analysts. Following the company’s robust recent earnings and consistent overperformance, there has been a notable rise in interest from Singapore-based institutional and retail investors. Analyst upgrades and a recent 21% post-earnings share price jump are interpreted as indicators of sustained growth and resilience.
Major ASEAN-focused education initiatives launched to accelerate digital entrepreneurship on Shopify’s platform. Shopify, in partnership with Singaporean trade associations and tertiary institutions, has rolled out new regional training workshops in digital retail strategies. These are designed to boost local entrepreneurial skills and promote the widespread adoption of Shopify’s integrated commerce ecosystem throughout Singapore and Southeast Asia.
Improved regulatory clarity in Singapore supports Shopify’s continued expansion without operational barriers. Feedback from the last week’s SGX and MAS briefings affirms that Shopify faces minimal compliance obstacles in Singapore as of July 2025. This favorable regulatory environment fosters long-term confidence and enables the company to deepen its investments in the region.
FAQ
What is the latest dividend for Shopify stock?
Shopify does not currently pay a dividend to shareholders. The company has always focused on reinvesting profits into technology innovation and global market expansion instead of distributing dividends. This approach allows Shopify to maintain strong growth and regularly launch new products that benefit its business and investors in the long run. Its policy may change in the future if the company shifts toward mature-market practices.
What is the forecast for Shopify stock in 2025, 2026, and 2027?
Based on the current price, projections are $151.48 for end 2025, $174.78 for end 2026, and $233.04 for end 2027. Shopify is expected to maintain strong earnings momentum driven by e-commerce growth, product innovation, and continued expansion into new international markets. Positive analyst sentiment and consistent revenue beats also support these forward-looking targets.
Should I sell my Shopify shares?
Holding Shopify shares can be a compelling strategy given its leadership in the global e-commerce sector, ongoing integration of AI, and proven earnings growth. The company’s premium valuation is supported by its ability to innovate and expand rapidly, while recent analyst upgrades highlight continued confidence in its fundamentals. Patience may reward investors as Shopify continues to execute on its long-term vision.
How are Shopify shares taxed or treated under Singaporean investment schemes?
Shopify shares are not eligible for purchase under the Central Provident Fund (CPF) or Supplementary Retirement Scheme (SRS) in Singapore. Dividends are not currently applicable since no payouts are made. Capital gains from selling Shopify shares are typically not taxed for individual investors in Singapore, allowing for efficient international investment with minimal local tax considerations.
What is the latest dividend for Shopify stock?
Shopify does not currently pay a dividend to shareholders. The company has always focused on reinvesting profits into technology innovation and global market expansion instead of distributing dividends. This approach allows Shopify to maintain strong growth and regularly launch new products that benefit its business and investors in the long run. Its policy may change in the future if the company shifts toward mature-market practices.
What is the forecast for Shopify stock in 2025, 2026, and 2027?
Based on the current price, projections are $151.48 for end 2025, $174.78 for end 2026, and $233.04 for end 2027. Shopify is expected to maintain strong earnings momentum driven by e-commerce growth, product innovation, and continued expansion into new international markets. Positive analyst sentiment and consistent revenue beats also support these forward-looking targets.
Should I sell my Shopify shares?
Holding Shopify shares can be a compelling strategy given its leadership in the global e-commerce sector, ongoing integration of AI, and proven earnings growth. The company’s premium valuation is supported by its ability to innovate and expand rapidly, while recent analyst upgrades highlight continued confidence in its fundamentals. Patience may reward investors as Shopify continues to execute on its long-term vision.
How are Shopify shares taxed or treated under Singaporean investment schemes?
Shopify shares are not eligible for purchase under the Central Provident Fund (CPF) or Supplementary Retirement Scheme (SRS) in Singapore. Dividends are not currently applicable since no payouts are made. Capital gains from selling Shopify shares are typically not taxed for individual investors in Singapore, allowing for efficient international investment with minimal local tax considerations.
On the same topic
