Analysts Set Shopify Inc. (NASDAQ:SHOP) PT at $163.38

Shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) have been given an average recommendation of “Moderate Buy” by the forty-four analysts that are currently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $163.3784.

A number of research firms have recently weighed in on SHOP. Jefferies Financial Group lifted their price objective on Shopify from $125.00 to $150.00 and gave the company a “hold” rating in a research report on Monday, March 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 price target on shares of Shopify in a report on Thursday, February 12th. Wedbush dropped their price target on shares of Shopify from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $175.00 price objective on shares of Shopify in a research note on Thursday, February 12th. Finally, TD Securities upgraded shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research report on Thursday, February 12th.

Hedge Funds Weigh In On Shopify

Hedge funds have recently made changes to their positions in the business. Knights of Columbus Asset Advisors LLC bought a new stake in Shopify in the 3rd quarter worth approximately $4,110,000. Principal Financial Group Inc. boosted its position in shares of Shopify by 16.3% during the 3rd quarter. Principal Financial Group Inc. now owns 450,895 shares of the software maker’s stock valued at $67,006,000 after acquiring an additional 63,300 shares during the last quarter. Triton Financial Group Inc bought a new position in shares of Shopify during the 3rd quarter valued at approximately $1,931,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Shopify by 65.5% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 158,514 shares of the software maker’s stock valued at $23,557,000 after purchasing an additional 62,743 shares in the last quarter. Finally, TriaGen Wealth Management LLC bought a new stake in Shopify in the third quarter worth $2,562,000. Institutional investors own 69.27% of the company’s stock.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Strong Q2 metrics and product momentum: A recent analysis highlights Shopify’s 30.6% Y/Y revenue growth, durable free‑cash‑flow gains, expanding Shop Pay/merchant solutions adoption, and a push of AI‑powered commerce tools that could deepen merchant engagement and broaden payments/discovery use cases — a fundamental driver for upside. AI Commerce Push And Strong Q2 Results Could Be A Game Changer For Shopify (SHOP)
• Positive Sentiment: Analyst consensus is favorable: Aggregated analyst ratings show a “Moderate Buy” consensus for SHOP, which can support demand if investors follow sell‑side guidance or if upgrades continue. Shopify Inc. (NASDAQ:SHOP) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Buy‑on‑dip narrative: Market commentary grouping Shopify among attractive growth names amid a Nasdaq pullback could draw contrarian inflows from investors seeking long‑term exposure to commerce and AI tailwinds. Nasdaq Correction: 2 Outstanding Growth Stocks to Buy on the Dip
• Neutral Sentiment: Media pieces urging investors to “add Shopify” lean on average brokerage recommendations but also warn that sell‑side optimism can be overstated — useful context but not new company fundamentals. Brokers Suggest Investing in Shopify (SHOP): Read This Before Placing a Bet Brokers Suggest Investing in Shopify (SHOP): Read This Before Placing a Bet
• Neutral Sentiment: Partner and ecosystem updates (third‑party storefront builders and integrations like TikTok Shop) increase merchant tooling and platform stickiness but are incremental versus Shopify’s core financial drivers. Emersoft Expands Its Unified Commerce Platform for Independent Bookstores to Include TikTok Shop Integration Sell The Trend Launches AI-Powered Shopify Store Builder to Help Entrepreneurs Go Live in Minutes
• Negative Sentiment: Critical/contrarian analysis: Some writeups pair Shopify with other small‑cap names in skeptical or critical analyses — such coverage can pressure sentiment if it raises concerns about valuation (SHOP’s P/E and PEG are elevated) or growth sustainability. iCoreConnect (NASDAQ:ICCT) & Shopify (NASDAQ:SHOP) Critical Analysis

Shopify Stock Performance

NASDAQ:SHOP opened at $118.25 on Friday. The stock has a 50-day simple moving average of $122.52 and a two-hundred day simple moving average of $146.10. The firm has a market capitalization of $154.21 billion, a PE ratio of 127.15, a P/E/G ratio of 4.24 and a beta of 2.82. Shopify has a 52-week low of $69.84 and a 52-week high of $182.19.

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.