Shopify Inc. (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) shares were up 2.1% during trading on Monday . The stock traded as high as $103.33 and last traded at $102.39. Approximately 9,888,286 shares traded hands during trading, a decline of 14% from the average daily volume of 11,550,774 shares. The stock had previously closed at $100.28.
Key Shopify News
Here are the key news stories impacting Shopify this week:
- Positive Sentiment: Thrive Capital’s rare US$100 million investment in Shopify has drawn fresh attention to the company’s AI strategy and sparked a valuation re-rating, reinforcing investor interest in the stock’s long-term upside. Thrive Capital’s AI Bet On Shopify (SHOP) Sparks Fresh Look At Valuation
- Positive Sentiment: Shopify’s earnings call highlighted AI-fueled growth, adding to the market’s view that the company is improving its platform and can turn AI into a meaningful business advantage. Shopify Earnings Call Signals AI-Fueled Growth
- Positive Sentiment: Analysts are pointing to Shopify’s large payments volume and rising Shop Pay penetration as evidence that monetization can keep expanding, which supports the bull case for revenue growth. Can Shopify’s $67B Payments Volume Deepen Its Monetization Runway?
- Neutral Sentiment: Loomis Sayles and Baron Capital both noted Shopify in investor letters, signaling continued institutional interest, but these comments were more supportive than directly stock-moving. Loomis Sayles Global Growth Fund Holds Firm on Shopify (SHOP) Beyond AI Narrative Here’s How Shopify (SHOP) is Thriving Through the AI Transition
- Neutral Sentiment: Freshworks named Shopify as a customer award winner, which is a positive brand mention but not likely to materially affect the stock. Freshworks Announces Winners of the 2026 Global Customer Awards
- Negative Sentiment: Some articles still emphasize that Shopify’s shares have fallen sharply over the past month and year-to-date, reminding investors that the stock remains volatile despite the recent rebound. Thrive Capital’s AI Bet On Shopify (SHOP) Sparks Fresh Look At Valuation
Analyst Ratings Changes
Several research analysts have commented on SHOP shares. Canaccord Genuity Group cut their target price on Shopify from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating and issued a $150.00 price objective (down from $165.00) on shares of Shopify in a research report on Tuesday, May 5th. TD Cowen raised Shopify from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research report on Wednesday, February 11th. Stifel Nicolaus set a $115.00 price objective on Shopify and gave the stock a “hold” rating in a research report on Wednesday, February 11th. Finally, Robert W. Baird set a $150.00 price objective on Shopify in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Shopify presently has an average rating of “Moderate Buy” and an average price target of $158.42.
Shopify Price Performance
The company has a fifty day moving average price of $117.88 and a 200 day moving average price of $137.06. The stock has a market cap of $136.27 billion, a P/E ratio of 103.97, a P/E/G ratio of 2.87 and a beta of 2.64.
Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $998.78. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. As a group, sell-side analysts expect that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.
Institutional Trading of Shopify
Hedge funds have recently bought and sold shares of the business. Kingdom Financial Group LLC. acquired a new position in Shopify during the 4th quarter valued at about $26,000. Curio Wealth LLC acquired a new position in Shopify during the 4th quarter valued at about $27,000. Evolution Wealth Management Inc. boosted its stake in Shopify by 203.9% during the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Graney & King LLC acquired a new position in Shopify during the 1st quarter valued at about $27,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Shopify during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 69.27% of the company’s stock.
About Shopify
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.
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