BMO Capital Markets Cuts Shopify (NASDAQ:SHOP) Price Target to $150.00

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its price target cut by BMO Capital Markets from $190.00 to $150.00 in a research note released on Monday, Marketbeat Ratings reports. They currently have an outperform rating on the software maker’s stock.

Several other equities research analysts have also commented on the company. Arete Research set a $175.00 price objective on Shopify in a research note on Monday, February 2nd. KeyCorp boosted their price target on Shopify from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Oppenheimer reissued an “outperform” rating on shares of Shopify in a research note on Monday, December 1st. DZ Bank raised shares of Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Shopify from $179.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Twenty-eight analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $168.86.

Shopify Stock Down 6.8%

Shares of NASDAQ SHOP opened at $118.61 on Monday. The firm has a market cap of $154.41 billion, a price-to-earnings ratio of 87.86, a price-to-earnings-growth ratio of 3.75 and a beta of 2.83. The company’s 50-day simple moving average is $152.31 and its 200-day simple moving average is $151.02. Shopify has a 52-week low of $69.84 and a 52-week high of $182.19.

Institutional Investors Weigh In On Shopify

A number of hedge funds have recently modified their holdings of SHOP. Brighton Jones LLC grew its stake in shares of Shopify by 2.8% in the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after buying an additional 584 shares during the period. AQR Capital Management LLC raised its position in shares of Shopify by 107.3% during the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock valued at $1,392,000 after buying an additional 7,544 shares during the period. Sivia Capital Partners LLC lifted its holdings in Shopify by 6.6% in the second quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock valued at $945,000 after acquiring an additional 506 shares during the last quarter. Callan Family Office LLC purchased a new position in Shopify in the second quarter worth approximately $1,052,000. Finally, Blue Trust Inc. grew its position in Shopify by 16.0% in the second quarter. Blue Trust Inc. now owns 2,759 shares of the software maker’s stock worth $318,000 after acquiring an additional 380 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Revenue, GMV and growth momentum — Shopify reported ~31% YoY revenue and GMV growth, beating consensus and showing broad strength across regions and channels, supporting the growth story. Shopify Still Looks Like A Great Business, Just Not A Great Price
• Positive Sentiment: $2 billion buyback and strong free cash flow — Management authorized a $2B repurchase plan and reported robust free cash flow, which supports capital returns and can prop up the stock on pullbacks. Shopify’s Standout 2025: The Launchpad for a New Era of Commerce in 2026
• Positive Sentiment: Management guided Q1 revenue above Street estimates, signaling continued demand and validating the AI- and checkout-driven momentum that management is highlighting. Shopify forecasts quarterly revenue above estimates on strong demand
• Neutral Sentiment: AI tailwind narrative — Several outlets and analysts emphasize Shopify’s AI integrations as a durable advantage that helped sustain ~30% growth; this is a positive thematic driver but one that depends on execution. Shopify Defies Logic: AI Disruption Is a Good Thing
• Neutral Sentiment: Analyst moves mixed — Some upgrades and bullish price targets (and some resets) are circulating; consensus remains constructive but estimates and targets are being repriced. Benzinga: Analyst coverage and target changes
• Negative Sentiment: EPS miss and margin concerns — Shopify’s reported EPS slightly missed consensus and commentary noted structural gross-margin mix shifts (merchant solutions mix) that keep pressure on headline margins. Shopify (SHOP) Misses Q4 Earnings Estimates
• Negative Sentiment: Investor reaction and heavy selling — Despite revenue beats and buyback news, the stock slid sharply as investors focused on valuation (high PE), near-term EPS softness, and potential institutional selling. Shopify shares slide despite Q4 revenue and EPS beat
• Negative Sentiment: Bearish forecasters remain — At least one note flagged a pessimistic long-term outlook/pricing pressure risk, adding to near-term downside sentiment. BMO Capital Markets Issues Pessimistic Forecast for Shopify (NASDAQ:SHOP) Stock Price

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.