Shopify (NASDAQ:SHOP – Free Report) (TSE:SHOP) had its target price decreased by Citizens Jmp from $160.00 to $150.00 in a report published on Wednesday, Marketbeat.com reports. Citizens Jmp currently has a market outperform rating on the software maker’s stock.
Other research analysts have also issued reports about the stock. Stifel Nicolaus set a $115.00 price target on shares of Shopify and gave the company a “hold” rating in a research note on Wednesday, February 11th. Citigroup reiterated a “buy” rating and issued a $163.00 price objective (down from $172.00) on shares of Shopify in a report on Tuesday, April 28th. ATB Cormark Capital Markets upgraded shares of Shopify from a “sector perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Benchmark cut their price objective on shares of Shopify from $195.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $175.00 price objective on shares of Shopify in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Shopify has a consensus rating of “Moderate Buy” and a consensus price target of $158.42.
Read Our Latest Stock Analysis on Shopify
Shopify Trading Down 1.6%
Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $998.78. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. On average, sell-side analysts predict that Shopify will post 1.36 EPS for the current fiscal year.
Institutional Trading of Shopify
Hedge funds have recently bought and sold shares of the business. Kingdom Financial Group LLC. acquired a new stake in shares of Shopify during the 4th quarter worth approximately $26,000. Curio Wealth LLC acquired a new stake in shares of Shopify during the 4th quarter worth approximately $27,000. Evolution Wealth Management Inc. increased its holdings in shares of Shopify by 203.9% during the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Shopify during the 4th quarter worth approximately $29,000. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Shopify during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 69.27% of the company’s stock.
Shopify News Roundup
Here are the key news stories impacting Shopify this week:
- Positive Sentiment: Shopify’s Q1 2026 results showed strong revenue growth, robust gross merchandise volume, and continued free-cash-flow strength, reinforcing that the core business is still expanding. Shopify’s Revenue Is Surging, but Stock Falls. Here’s Why It’s a Buying Opportunity.
- Positive Sentiment: Cathie Wood reportedly bought about $32 million of Shopify after the earnings report, which may be seen as a vote of confidence from a high-profile growth investor. Cathie Wood buys $32M of e-commerce goliath after strong earnings
- Positive Sentiment: AI is increasingly being highlighted as a growth driver for Shopify’s merchant tools and platform, supporting the longer-term growth narrative. Shopify’s Revenue Is Surging, but Stock Falls. Here’s Why It’s a Buying Opportunity.
- Neutral Sentiment: Several brokerages adjusted price targets this week, with some lowering targets but others reaffirming bullish views such as RBC’s outperform rating, suggesting expectations remain divided rather than clearly negative. Shopify (NASDAQ:SHOP) Receives Outperform Rating from Royal Bank Of Canada
- Neutral Sentiment: Commentary around unusual options activity and Shopify’s inclusion in high-conviction ETF holdings points to continued investor interest, but not necessarily a near-term catalyst. Unusual Shopify stock options activity signals a unique trade for income and upside
- Negative Sentiment: Recent coverage says Shopify’s valuation remains a near-term headwind, which helps explain why the stock has been sliding despite strong operating results. As Shopify Sinks 14% Following Earnings, Here’s What Barchart Data Says Comes Next for SHOP Stock
- Negative Sentiment: Some investors remain cautious after the earnings report, arguing the stock is still too expensive and that patience may be needed before the shares can recover. MarketBeat Week in Review – 05/04 – 05/08
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.
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