Shopify (NASDAQ:SHOP – Free Report) (TSE:SHOP) had its price objective cut by BMO Capital Markets from $160.00 to $145.00 in a research note published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the software maker’s stock.
A number of other research firms have also weighed in on SHOP. Truist Financial set a $150.00 price objective on shares of Shopify and gave the company a “buy” rating in a research report on Tuesday, February 17th. KeyCorp reaffirmed an “overweight” rating and set a $160.00 price target on shares of Shopify in a research report on Wednesday, February 11th. Benchmark dropped their price target on shares of Shopify from $195.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price target on shares of Shopify in a research report on Wednesday. Finally, Evercore set a $135.00 price target on shares of Shopify in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.42.
Check Out Our Latest Report on Shopify
Shopify Price Performance
Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last posted its quarterly earnings data 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 business had revenue of $3.17 billion during 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%. As a group, sell-side analysts expect that Shopify will post 1.36 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Shopify
Several large investors have recently made changes to their positions in the business. Oslo Pensjonsforsikring AS acquired a new stake in shares of Shopify in the first quarter worth $331,000. Andra AP fonden increased its position in shares of Shopify by 166.9% in the first quarter. Andra AP fonden now owns 185,212 shares of the software maker’s stock worth $21,970,000 after acquiring an additional 115,812 shares in the last quarter. JSF Financial LLC increased its position in shares of Shopify by 5.2% in the first quarter. JSF Financial LLC now owns 2,378 shares of the software maker’s stock worth $282,000 after acquiring an additional 118 shares in the last quarter. Amova Asset Management Americas Inc. increased its position in shares of Shopify by 5.0% in the first quarter. Amova Asset Management Americas Inc. now owns 3,458,265 shares of the software maker’s stock worth $410,219,000 after acquiring an additional 165,080 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Shopify by 8.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 21,024 shares of the software maker’s stock worth $2,494,000 after acquiring an additional 1,572 shares in the last quarter. 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
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.
See Also
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