Shopify (NASDAQ:SHOP) Price Target Cut to $160.00 by Analysts at Citizens Jmp

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its target price decreased by equities researchers at Citizens Jmp from $200.00 to $160.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the software maker’s stock. Citizens Jmp’s price target indicates a potential upside of 50.02% from the company’s current price.

Other research analysts also recently issued reports about the stock. Bank of America raised their price target on shares of Shopify from $185.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Raymond James Financial reissued a “market perform” rating on shares of Shopify in a research note on Monday, December 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Shopify in a research report on Wednesday, November 5th. Benchmark lowered their price target on Shopify from $195.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Oppenheimer reissued an “outperform” rating on shares of Shopify in a report on Monday, December 1st. Twenty-nine analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Shopify has a consensus rating of “Moderate Buy” and a consensus target price of $164.32.

Shopify Price Performance

Shares of SHOP traded down $12.06 during midday trading on Thursday, hitting $106.65. 12,578,390 shares of the company traded hands, compared to its average volume of 12,293,515. The stock has a 50-day moving average of $152.31 and a 200-day moving average of $151.02. Shopify has a one year low of $69.84 and a one year high of $182.19. The firm has a market cap of $138.84 billion, a P/E ratio of 79.00, a PEG ratio of 3.75 and a beta of 2.83.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SHOP. Kingdom Financial Group LLC. purchased a new position in shares of Shopify in the fourth quarter valued at about $26,000. Financial Gravity Companies Inc. bought a new stake in shares of Shopify in the second quarter worth about $27,000. Rothschild Investment LLC increased its holdings in Shopify by 47.5% during the 2nd quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Heartwood Wealth Advisors LLC bought a new position in Shopify during the 3rd quarter valued at approximately $27,000. Finally, Curio Wealth LLC purchased a new stake in Shopify in the 4th quarter worth approximately $27,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Q4 revenue and growth beat expectations — revenue rose ~31% to $3.67B, GMV and merchant solutions strength, and management guided Q1 revenue above consensus, supporting the growth narrative. Shopify Defies Logic: AI Disruption Is a Good Thing
• Positive Sentiment: Board authorized a $2 billion share repurchase and Shopify reported strong free cash flow (~$2B FY2025), which should support buybacks and return of capital over time. Shopify’s Standout 2025
• Positive Sentiment: Analyst bullishness: Needham reaffirmed its buy rating with a $180 price target, signaling some analyst confidence in upside if execution continues. Benzinga
• Neutral Sentiment: Mixed analyst moves: Atb Cormark upgraded SHOP to a “moderate buy” (supportive), while Benchmark cut its price target from $195 to $145 (less so). These offsets leave consensus views mixed near-term. Zacks.com Benzinga
• Negative Sentiment: EPS missed consensus (reported ~$0.48 vs. ~$0.50 expected), and margin pressure from a shift toward merchant solutions and increased investment spending raised concerns. Shopify (SHOP) Misses Q4 Earnings Estimates
• Negative Sentiment: Market reaction: shares fell sharply despite the revenue beat — investors appear focused on margins, valuation, and buyback execution mechanics. Shopify stock drops despite revenue beat, $2 billion buyback
• Negative Sentiment: Analysts and risk notes flagged execution/cash risk for the buyback (algorithms may accelerate volatility) and at least one firm issued a pessimistic outlook, adding pressure. Shopify’s $2 Billion Buyback Plan Raises Questions BMO Capital Markets Issues Pessimistic Forecast

Shopify Company Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.