Wells Fargo & Company Cuts Shopify (NASDAQ:SHOP) Price Target to $144.00

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its price target dropped by analysts at Wells Fargo & Company from $166.00 to $144.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 32.67% from the stock’s current price.

Other analysts also recently issued reports about the company. Citizens Jmp decreased their price target on Shopify from $200.00 to $160.00 and set a “market outperform” rating for the company in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $175.00 price target on shares of Shopify in a report on Thursday, February 12th. Evercore set a $135.00 price target on Shopify in a report on Wednesday, February 11th. Mizuho upgraded Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Thursday, February 12th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $126.00 price target (down from $181.00) on shares of Shopify in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $160.28.

Shopify Stock Up 0.8%

Shares of SHOP stock traded up $0.91 during trading hours on Wednesday, hitting $108.54. 6,524,823 shares of the company’s stock traded hands, compared to its average volume of 10,843,534. Shopify has a 12 month low of $88.14 and a 12 month high of $182.19. The stock’s 50 day simple moving average is $122.10 and its 200 day simple moving average is $141.64. The stock has a market cap of $141.55 billion, a PE ratio of 116.71, a price-to-earnings-growth ratio of 4.53 and a beta of 2.64.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $998.78. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. Shopify had a net margin of 10.65% and a return on equity of 11.52%. As a group, equities research analysts expect that Shopify will post 1.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Shopify

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC bought a new stake in shares of Shopify during the third quarter worth about $4,110,000. Principal Financial Group Inc. increased its position in shares of Shopify by 16.3% during the third quarter. Principal Financial Group Inc. now owns 450,895 shares of the software maker’s stock worth $67,006,000 after acquiring an additional 63,300 shares in the last quarter. Triton Financial Group Inc bought a new stake in shares of Shopify during the third quarter worth about $1,931,000. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Shopify by 65.5% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 158,514 shares of the software maker’s stock worth $23,557,000 after acquiring an additional 62,743 shares in the last quarter. Finally, Triasima Portfolio Management inc. increased its position in shares of Shopify by 11.0% during the fourth quarter. Triasima Portfolio Management inc. now owns 182,338 shares of the software maker’s stock worth $29,398,000 after acquiring an additional 18,028 shares in the last quarter. 69.27% of the stock is owned by institutional investors.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Q1 beats and strong top‑line momentum: Shopify reported ~34% revenue growth, narrowed losses, and merchants processed over $100 billion in Q1 GMV — evidence of durable demand and platform traction. Shopify Delivers Again as Merchants Clear $100 Billion in Q1 GMV
• Positive Sentiment: AI adoption is accelerating orders: Company commentary and reporting show AI-driven traffic and orders growing materially (highlighting integrations with ChatGPT, Copilot and Google), supporting long‑term commerce expansion. AI Drove Orders on Shopify Up 13 Times in Q1
• Positive Sentiment: Buy‑side support persists albeit with differing targets: Needham reaffirmed a Buy and kept a $180 price target, signaling conviction in medium‑term upside despite the pullback. Needham & Company Reaffirmed Buy, $180 PT
• Neutral Sentiment: Street sees mixed valuation opportunities: Some analysts highlight meaningful upside from current levels (average PTs above the share price), but they also warn that valuation will take time to re‑rate given near‑term margin pressures. Analysts See 27% Upside After Selloff
• Negative Sentiment: Cautious Q2 outlook and operating profit shortfall drove the selloff: Despite beating Q1 estimates, Shopify’s commentary and guidance signaled slower revenue growth and margin pressure into Q2, prompting downward re‑rating. Shopify Stock Tumbles On Q2 Revenue, Operating Income Outlook
• Negative Sentiment: Analyst target cut reduces near‑term confidence: DA Davidson lowered its price target from $195 to $140 while staying at Buy — a sizable cut that signals moderation in upside expectations and may pressure sentiment. DA Davidson Lowers PT to $140
• Negative Sentiment: Market narrative centers on valuation vs. execution risk: Commentaries and coverage emphasize that strong AI/product momentum must translate into sustainable margin expansion; any continued soft guidance or profit misses could keep the stock under pressure. Shopify Shares Dive on Softened Outlook

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.