Wedbush Cuts Shopify (NASDAQ:SHOP) Price Target to $160.00

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its price target trimmed by Wedbush from $185.00 to $160.00 in a report published on Thursday morning, MarketBeat reports. The firm currently has an outperform rating on the software maker’s stock.

Several other analysts also recently issued reports on SHOP. Benchmark dropped their price target on Shopify from $195.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. DA Davidson boosted their target price on Shopify from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. DZ Bank raised shares of Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Cantor Fitzgerald reissued a “neutral” rating and issued a $126.00 price objective (down previously from $181.00) on shares of Shopify in a research report on Thursday. Finally, Evercore ISI set a $135.00 target price on shares of Shopify in a research report on Wednesday. Thirty-one analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, Shopify has a consensus rating of “Moderate Buy” and an average target price of $161.97.

Shopify Stock Up 1.8%

Shares of NASDAQ:SHOP opened at $112.70 on Thursday. The firm has a market cap of $146.72 billion, a price-to-earnings ratio of 121.18, a PEG ratio of 3.32 and a beta of 2.83. Shopify has a 12 month low of $69.84 and a 12 month high of $182.19. The company’s fifty day simple moving average is $150.31 and its 200 day simple moving average is $150.82.

Hedge Funds Weigh In On Shopify

A number of institutional investors have recently bought and sold shares of SHOP. Norges Bank bought a new position in shares of Shopify during the 4th quarter worth approximately $2,611,797,000. Jennison Associates LLC lifted 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 valued at $2,812,211,000 after purchasing an additional 7,403,821 shares during the last quarter. Brown Advisory Inc. boosted its position in Shopify by 5,193.6% during the second quarter. Brown Advisory Inc. now owns 2,066,884 shares of the software maker’s stock worth $238,419,000 after purchasing an additional 2,027,839 shares during the period. Geode Capital Management LLC increased its holdings in shares of Shopify by 19.9% in the second quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker’s stock valued at $1,247,007,000 after purchasing an additional 1,781,530 shares during the last quarter. Finally, Picton Mahoney Asset Management increased its holdings in shares of Shopify by 246,359.0% in the second quarter. Picton Mahoney Asset Management now owns 1,759,717 shares of the software maker’s stock valued at $202,146,000 after purchasing an additional 1,759,003 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reported strong Q4 revenue and profitability metrics—revenue grew ~31% YoY to $3.67B and EPS topped estimates—supporting bullish takeaways on merchant growth and cash generation. Q4/Profitable SaaS Article
• Positive Sentiment: Analysts have moved more positive: Mizuho upgraded SHOP to “outperform” with a $150 PT, TD Securities raised to “buy” with a $159 PT, and Needham reaffirmed a $180 target—these upgrades are driving buy-side interest. Mizuho Upgrade
• Positive Sentiment: Shopify’s commerce tooling is being integrated into major AI platforms (e.g., ChatGPT/Gemini), reinforcing long‑term revenue/engagement narratives tied to AI-enabled merchant services. AI Integration Article
• Neutral Sentiment: Loomis Sayles highlighted high‑quality, long‑growth companies including Shopify in its investor letter—positive signal for institutional interest but not an immediate catalyst. Loomis Sayles Letter
• Neutral Sentiment: Shopify announced a $2 billion buyback authorization; while buybacks can support the stock, analysts and investors are flagging execution risk and potential cash/volatility implications. Buyback Analysis
• Negative Sentiment: Several firms trimmed price targets (UBS to $145, Benchmark to $145, Wedbush/Citizens JMP trimmed targets), and Truist cut to a $110 target—these downgrades/target cuts introduce selling pressure and mixed sentiment among analysts. Price Target Moves Benchmark Cut
• Negative Sentiment: Despite revenue strength, some coverage highlighted margin strain from AI investment and mixed earnings reactions; the post‑earnings pullback reflected investor concerns about valuation and near‑term profitability. Margin Strain Article Post-Earnings Reaction

Shopify Company Profile

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.