Shopify (NASDAQ:SHOP) Upgraded by Mizuho to “Strong-Buy” Rating

Mizuho upgraded shares of Shopify (NASDAQ:SHOP) (TSE:SHOP) from a hold rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other research firms also recently issued reports on SHOP. Raymond James Financial reissued a “market perform” rating on shares of Shopify in a research report on Monday, December 1st. Citigroup reiterated a “market outperform” rating on shares of Shopify in a research note on Thursday, December 4th. Cantor Fitzgerald reissued a “neutral” rating and issued a $126.00 target price (down previously from $181.00) on shares of Shopify in a research note on Thursday. Wedbush reduced their target price on shares of Shopify from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Robert W. Baird set a $160.00 price target on Shopify in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.58.

Shopify Trading Down 6.8%

SHOP stock opened at $110.66 on Thursday. The company has a market cap of $144.06 billion, a PE ratio of 118.99, a price-to-earnings-growth ratio of 3.50 and a beta of 2.83. The stock has a 50-day moving average price of $151.28 and a two-hundred day moving average price of $150.74. Shopify has a 12-month low of $69.84 and a 12-month high of $182.19.

Hedge Funds Weigh In On Shopify

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Shopify by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock worth $8,158,643,000 after acquiring an additional 743,803 shares in the last quarter. Jennison Associates LLC increased its holdings in Shopify by 64.3% during the 3rd quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock worth $2,812,211,000 after purchasing an additional 7,403,821 shares during the last quarter. Norges Bank acquired a new position in shares of Shopify in the 4th quarter valued at approximately $2,611,797,000. Loomis Sayles & Co. L P raised its position in shares of Shopify by 1.3% in the 2nd quarter. Loomis Sayles & Co. L P now owns 14,622,787 shares of the software maker’s stock valued at $1,686,738,000 after purchasing an additional 191,824 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Shopify by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock valued at $2,043,365,000 after buying an additional 737,892 shares during the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Company beat revenue expectations with Q4 revenue up ~31%, strong GMV and Merchant Solutions growth, guided Q1 revenue above Street estimates and authorized a $2 billion buyback — supportive for cash generation and long‑term outlook. Shopify press release
• Positive Sentiment: Analyst upgrade: TD Securities raised Shopify from Hold to Buy with a $159 target, adding upward analyst pressure after the print. TD Securities upgrade
• Positive Sentiment: Needham reaffirmed a Buy with a $180 target, highlighting continued bullish institutional views despite recent volatility. Needham note
• Neutral Sentiment: Analysts and commentary note Shopify’s AI investments are expanding product monetization and improving cash flow, but the company trades at a premium vs. peers — mixed implication for near‑term multiples. Zacks analysis
• Neutral Sentiment: Management’s guidance called for continued high‑single to low‑30% revenue growth in Q1 — above consensus and a positive signal for growth trajectory, but it comes with planned higher operating spend. Reuters: guidance
• Negative Sentiment: Q4 EPS missed estimates (reported ~$0.46–$0.48 vs. ~$0.50 consensus) — investors focused on the earnings miss and margin pressure despite the revenue beat, triggering a post‑earnings selloff. Zacks earnings report
• Negative Sentiment: Several firms trimmed price targets today (UBS to $145 neutral rating; Wedbush/Citizens lowered to ~$160; Truist cut to $110), signaling analyst uncertainty on valuation and near‑term catalysts. Benzinga: analyst moves
• Negative Sentiment: Commentary raises risks around the buyback execution, short‑term volatility and margin mix (Merchant Solutions growth compressing gross margins), which could keep the stock under pressure until clarity on margins and buyback cadence. TipRanks buyback risk

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.