RBC Dominion Securities set a $200.00 price target on Shopify (NASDAQ:SHOP – Free Report) (TSE:SHOP) in a report published on Friday,BayStreet reports. The firm currently has an outperform rating on the software maker’s stock.
A number of other brokerages have also commented on SHOP. BMO Capital Markets set a $165.00 price target on Shopify and gave the company an “outperform” rating in a report on Thursday, August 6th. UBS Group reaffirmed a “neutral” rating and issued a $145.00 price objective (up from $130.00) on shares of Shopify in a report on Thursday, August 6th. BTIG Research assumed coverage on shares of Shopify in a research report on Friday, July 10th. They issued a “buy” rating for the company. Morgan Stanley cut shares of Shopify from an “overweight” rating to a “buy” rating in a research note on Monday, July 13th. Finally, Seaport Research Partners reissued a “buy” rating and set a $180.00 target price on shares of Shopify in a research note on Thursday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.28.
Check Out Our Latest Report on Shopify
Shopify Stock Performance
SHOP opened at $168.68 on Friday. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $150.92 and its 200-day moving average is $130.22. The stock has a market cap of $217.03 billion, a PE ratio of 113.97, a price-to-earnings-growth ratio of 3.48 and a beta of 2.62. Shopify has a twelve month low of $94.00 and a twelve month high of $182.19.
Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last announced its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $0.69 EPS. The firm’s revenue was up 33.7% on a year-over-year basis. On average, analysts predict that Shopify will post 1.46 earnings per share for the current year.
Hedge Funds Weigh In On Shopify
Several hedge funds have recently modified their holdings of the company. Total Wealth Planning & Management Inc. raised its stake in shares of Shopify by 10.9% in the 3rd quarter. Total Wealth Planning & Management Inc. now owns 2,277 shares of the software maker’s stock worth $338,000 after buying an additional 223 shares in the last quarter. Brucke Financial Inc. boosted its stake in Shopify by 3.2% during the third quarter. Brucke Financial Inc. now owns 2,806 shares of the software maker’s stock valued at $416,000 after buying an additional 86 shares in the last quarter. Signaturefd LLC boosted its stake in Shopify by 4.7% during the third quarter. Signaturefd LLC now owns 53,663 shares of the software maker’s stock valued at $7,958,000 after buying an additional 2,405 shares in the last quarter. Simplicity Wealth LLC boosted its stake in Shopify by 33.8% during the third quarter. Simplicity Wealth LLC now owns 16,058 shares of the software maker’s stock valued at $2,381,000 after buying an additional 4,055 shares in the last quarter. Finally, Gibbs Wealth Management boosted its stake in Shopify by 6.5% during the third quarter. Gibbs Wealth Management now owns 25,296 shares of the software maker’s stock valued at $3,751,000 after buying an additional 1,536 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.
More Shopify News
Here are the key news stories impacting Shopify this week:
- Positive Sentiment: RBC raises target and reiterates bullish view: RBC Dominion Securities initiated an “outperform” rating with a $200 price target, implying approximately 18.2% upside from the referenced $169.23 price. RBC Dominion Securities raises Shopify price target
- Positive Sentiment: AI-driven commerce opportunity: Polen Capital’s Q3 2026 investor commentary identified Shopify as a potential beneficiary of “agentic commerce,” in which AI tools help consumers discover and purchase products. This supports the view that Shopify could benefit from, rather than be disrupted by, AI adoption. Shopify could benefit from AI-driven agentic commerce
- Positive Sentiment: Growth and momentum remain investor supports: Coverage highlights Shopify’s earnings growth, payments expansion, strong gross merchandise volume and 56% three-month share-price rally. Shopify’s ecosystem also continues to expand through certified technology partners such as poq and new checkout-related commerce tools. Shopify earnings growth and price strength
- Neutral Sentiment: New merchant monetization initiatives: Disco launched an advertiser-funded cashback format within Shopify checkout, reporting roughly 5% higher order conversion in pilot data. The development could improve merchant engagement and checkout monetization, although the direct financial benefit to Shopify is not yet clear. Disco launches Pre-Purchase for Shopify checkout
- Negative Sentiment: Valuation and downgrade risks: ATB Cormark downgraded Shopify to “sector perform” from “outperform” after the sharp rally, citing the stock’s substantial appreciation. Commentary also warns that Shopify’s premium valuation leaves less room for disappointment, despite strong operating growth. ATB Cormark downgrades Shopify after rally
Shopify Company Profile
Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.
The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.
Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.
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