Shopify Inc. (NASDAQ:SHOP) Given Average Recommendation of “Moderate Buy” by Analysts

Posted by Francis Steltz on Aug 31st, 2026

Shares of Shopify Inc. (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) have been assigned a consensus rating of “Moderate Buy” from the forty-six brokerages that are currently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $170.8378.

SHOP has been the subject of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of Shopify from $170.00 to $194.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Rosenblatt Securities began coverage on shares of Shopify in a report on Thursday, August 20th. They issued a “buy” rating and a $175.00 price objective on the stock. Rothschild & Co Redburn set a $130.00 price objective on shares of Shopify and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Wedbush raised their target price on shares of Shopify from $155.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Bank of America started coverage on shares of Shopify in a research report on Tuesday, July 7th. They set a “buy” rating and a $150.00 target price for the company.

View Our Latest Stock Analysis on Shopify

Hedge Funds Weigh In On Shopify

Institutional investors have recently modified their holdings of the stock. Kingdom Financial Group LLC. acquired a new position in shares of Shopify in the 4th quarter valued at about $26,000. Curio Wealth LLC acquired a new stake in Shopify during the fourth quarter worth about $27,000. Evolution Wealth Management Inc. grew its holdings in Shopify by 203.9% during the first quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock worth $27,000 after acquiring an additional 155 shares during the period. Graney & King LLC purchased a new position in Shopify during the first quarter valued at approximately $27,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Shopify during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

Shares of NASDAQ:SHOP opened at $152.90 on Monday. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01. Shopify has a 52-week low of $94.00 and a 52-week high of $182.19. The stock has a market cap of $196.73 billion, a price-to-earnings ratio of 103.31, a PEG ratio of 3.12 and a beta of 2.58. The business has a 50-day moving average price of $130.97 and a 200-day moving average price of $121.79.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last issued its earnings results on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Shopify had a return on equity of 12.58% and a net margin of 14.53%.The firm had revenue of $3.58 billion for the quarter. During the same quarter in the prior year, the company earned $0.69 EPS. Shopify’s quarterly revenue was up 33.7% on a year-over-year basis. Equities analysts predict that Shopify will post 1.45 EPS for the current year.

Shopify Company Profile

(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.