Shopify (NASDAQ:SHOP – Free Report) (TSE:SHOP) had its price target boosted by Cantor Fitzgerald from $145.00 to $158.00 in a research report released on Monday morning, MarketBeat Ratings reports. Cantor Fitzgerald currently has a neutral rating on the software maker’s stock.
A number of other equities analysts have also recently commented on SHOP. Citigroup reaffirmed an “outperform” rating on shares of Shopify in a research report on Thursday, August 6th. Weiss Ratings raised shares of Shopify from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Piper Sandler reissued an “overweight” rating on shares of Shopify in a research report on Monday, October 5th. BTIG Research assumed coverage on shares of Shopify in a research note on Friday, July 10th. They set a “buy” rating for the company. Finally, Wells Fargo & Company restated an “overweight” rating and set a $180.00 target price (up from $144.00) on shares of Shopify in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $175.37.
Check Out Our Latest Report on SHOP
Shopify Stock Performance
Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share 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 business had revenue of $3.58 billion for the quarter. During the same quarter last year, the company posted $0.69 EPS. The firm’s revenue was up 33.7% on a year-over-year basis. As a group, equities research analysts predict that Shopify will post 1.46 EPS for the current year.
Hedge Funds Weigh In On Shopify
A number of large investors have recently made changes to their positions in the company. Signal Advisors Wealth LLC increased its stake in Shopify by 0.5% during the 3rd quarter. Signal Advisors Wealth LLC now owns 12,589 shares of the software maker’s stock worth $1,867,000 after acquiring an additional 60 shares during the period. Tsfg LLC lifted its position in shares of Shopify by 4.0% during the 2nd quarter. Tsfg LLC now owns 2,028 shares of the software maker’s stock valued at $232,000 after acquiring an additional 78 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Shopify by 5.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,751 shares of the software maker’s stock valued at $260,000 after acquiring an additional 83 shares during the period. Parr Mcknight Wealth Management Group LLC lifted its position in shares of Shopify by 3.1% during the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 2,762 shares of the software maker’s stock valued at $328,000 after acquiring an additional 84 shares during the period. Finally, Foster Group Inc. lifted its position in shares of Shopify by 3.3% during the 3rd quarter. Foster Group Inc. now owns 2,593 shares of the software maker’s stock valued at $385,000 after acquiring an additional 84 shares during the period. 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: Higher analyst price target: Robert W. Baird raised its Shopify price target from $160 to $190 and reiterated an “outperform” rating. The new target implies approximately 10% upside from the referenced share price and reinforces the bullish case for continued revenue and profit growth.
- Positive Sentiment: AI commerce infrastructure thesis: Analysts are highlighting Shopify’s expanding role in agentic commerce, including integrations that allow third-party AI agents to complete purchases through Shopify’s merchant network and Shop Pay. Investors increasingly see Shopify as a payments and settlement layer behind AI shopping rather than a company threatened by AI disintermediation. Shopify AI commerce infrastructure article
- Positive Sentiment: Growing ecosystem validation: Marklo raised $5 million for an AI marketing platform built for Shopify merchants, while DeepLumen said nearly 2,000 Shopify merchants have installed its AI shopping tool. These developments suggest increasing third-party demand for Shopify’s merchant, catalog and payments ecosystem, though the direct financial benefit to Shopify is not quantified.
- Neutral Sentiment: Expanded B2B functionality: Algolia launched a native Shopify B2B integration offering account-specific search, pricing and product discovery. The integration could improve wholesale conversion and retention for Shopify merchants, but its near-term impact on Shopify’s revenue remains unclear. Algolia Shopify B2B integration article
- Negative Sentiment: Valuation and volatility risks: Shopify trades at a very high earnings multiple, with a beta of 2.62. Articles noting recent declines and comparisons with lower-valued alternatives such as MercadoLibre may encourage caution, particularly if investors question whether AI-related optimism is already reflected in the share price.
Shopify Company Profile
Shopify Inc is a commerce technology company that provides tools for businesses to start, operate and grow online and in physical retail environments. Its platform enables merchants to create and manage online stores, sell through multiple channels, process orders and payments, manage inventory and engage with customers.
Shopify’s products and services include its core commerce platform, Shopify Plus for larger businesses, Shopify Payments, Shop Pay, point-of-sale solutions and tools for marketing, shipping, analytics and customer management.
Further Reading
- Five stocks we like better than Shopify
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Receive News & Ratings for Shopify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify and related companies with MarketBeat.com's FREE daily email newsletter.
