Benchmark Issues Positive Forecast for Shopify (NASDAQ:SHOP) Stock Price

Posted by George Bondi on Aug 6th, 2026

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) had its price objective raised by equities research analysts at Benchmark from $145.00 to $170.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Benchmark’s price target indicates a potential upside of 15.58% from the company’s current price.

SHOP has been the topic of a number of other reports. Truist Financial set a $180.00 target price on shares of Shopify in a report on Wednesday. Rothschild & Co Redburn set a $130.00 price objective on Shopify and gave the company a “neutral” rating in a report on Tuesday, July 21st. UBS Group reaffirmed a “neutral” rating and set a $145.00 target price on shares of Shopify in a research report on Thursday. Susquehanna began coverage on Shopify in a research report on Friday, July 10th. They issued a “neutral” rating on the stock. Finally, Royal Bank Of Canada set a $180.00 price objective on Shopify in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.94.

Check Out Our Latest Report on SHOP

Shopify Stock Up 2.0%

Shares of SHOP stock traded up $2.85 during mid-day trading on Thursday, reaching $147.09. 4,249,990 shares of the stock traded hands, compared to its average volume of 10,781,069. The company has a market cap of $190.87 billion, a price-to-earnings ratio of 145.64, a price-to-earnings-growth ratio of 2.66 and a beta of 2.58. The stock’s fifty day simple moving average is $117.98 and its two-hundred day simple moving average is $119.65. Shopify has a 1-year low of $94.00 and a 1-year high of $182.19.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The company had revenue of $3.58 billion during the quarter. Shopify had a return on equity of 12.07% and a net margin of 10.77%.The business’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. On average, equities research analysts anticipate that Shopify will post 1.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SHOP. Norges Bank bought a new position in shares of Shopify during the fourth quarter valued at about $2,611,797,000. Sands Capital Management LLC boosted its holdings in Shopify by 37.0% during the fourth quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker’s stock worth $1,530,187,000 after purchasing an additional 2,568,765 shares during the last quarter. Invesco Ltd. grew its position in Shopify by 9.8% in the 4th quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock worth $2,257,796,000 after purchasing an additional 1,252,074 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Shopify by 7,207.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,148,259 shares of the software maker’s stock worth $184,883,000 after purchasing an additional 1,132,545 shares in the last quarter. Finally, Select Equity Group L.P. increased its stake in Shopify by 92.5% in the 2nd quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker’s stock valued at $259,124,000 after buying an additional 1,079,494 shares during the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

Positive Sentiment: Shopify reported second-quarter revenue of $3.58 billion, up 33.7% year over year, while earnings of $0.42 per share exceeded the roughly $0.40 analyst consensus. Revenue, gross profit, GMV, and free cash flow all grew by more than 30%, with free-cash-flow margin reaching 18%. Shopify Delivers Big: 30%+ Growth Across GMV, Revenue, Gross Profit and Free Cash Flow
Positive Sentiment: Third-quarter revenue guidance of $3.7 billion to $3.8 billion, implying low-30% growth, was above the approximately $3.6 billion consensus estimate. The outlook signals that recent momentum may continue despite concerns about AI competition and margin pressure.
Positive Sentiment: Shopify said AI-referred traffic and orders from platforms such as ChatGPT and Gemini tripled year over year. Management characterized AI companies as partners that are directing shoppers and merchants to Shopify rather than replacing the platform. Shopify executive discusses AI and entrepreneurship
Positive Sentiment: Analysts raised their forecasts following the results. Goldman Sachs lifted its price target from $170 to $194 and maintained a “buy” rating, suggesting further upside from the referenced $144.24 price. Shopify analysts increase forecasts following Q2 earnings
Neutral Sentiment: Cantor Fitzgerald raised its target from $127 to $145 but kept a “neutral” rating, indicating that much of the improved outlook may already be reflected in the stock.
Negative Sentiment: At approximately 143 times earnings, Shopify remains richly valued, leaving the stock vulnerable if growth slows, AI investments weigh on margins, or expectations rise faster than results.

About Shopify

(Get Free Report)

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.