Shopify (NASDAQ:SHOP) Given a $200.00 Price Target at RBC Dominion Securities

Shopify (NASDAQ:SHOP) (TSE:SHOP) received a $200.00 target price from stock analysts at RBC Dominion Securities in a research note issued to investors on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the software maker’s stock. RBC Dominion Securities‘s price objective suggests a potential upside of 18.06% from the stock’s current price.

A number of other research firms have also commented on SHOP. UBS Group reiterated a “neutral” rating and issued a $145.00 price objective (up from $130.00) on shares of Shopify in a research note on Thursday, August 6th. The Goldman Sachs Group increased their target price on Shopify from $170.00 to $194.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $205.00 target price (up from $175.00) on shares of Shopify in a report on Friday. Phillip Securities downgraded Shopify from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 17th. Finally, National Bank Financial reiterated an “outperform” rating and set a $180.00 price target (up from $155.00) on shares of Shopify in a report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.28.

Shopify Stock Performance

SHOP traded up $0.59 during trading on Friday, hitting $169.40. The stock had a trading volume of 2,658,360 shares, compared to its average volume of 10,285,870. The firm has a market cap of $217.96 billion, a PE ratio of 114.46, a P/E/G ratio of 3.60 and a beta of 2.62. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. Shopify has a 12 month low of $94.00 and a 12 month high of $182.19. The company has a 50 day simple moving average of $150.64 and a 200-day simple moving average of $129.87.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The company had revenue of $3.58 billion during the quarter. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s revenue was up 33.7% on a year-over-year basis. Analysts expect that Shopify will post 1.46 EPS for the current year.

Institutional Investors Weigh In On Shopify

A number of institutional investors have recently added to or reduced their stakes in SHOP. Evolution Wealth Management Inc. increased its stake in Shopify by 203.9% during the first quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock valued at $27,000 after acquiring an additional 155 shares during the period. Graney & King LLC bought a new stake in shares of Shopify in the 1st quarter worth approximately $27,000. Fortitude Family Office LLC bought a new stake in shares of Shopify in the 3rd quarter worth approximately $29,000. Trellis Wealth Advisors LLC acquired a new stake in shares of Shopify during the 3rd quarter worth approximately $37,000. Finally, Roxbury Financial LLC grew its holdings in shares of Shopify by 171.0% during the 3rd quarter. Roxbury Financial LLC now owns 271 shares of the software maker’s stock worth $40,000 after purchasing an additional 171 shares in the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: AI-driven commerce remains the main catalyst. Polen Capital said Shopify could benefit from “agentic commerce,” in which AI tools independently discover products and complete purchases. The view reinforces optimism following Shopify’s integration with Meta’s Muse AI shopping agent, which enables Shop Pay checkout for AI-generated orders. Shopify Could Benefit From AI-Driven Agentic Commerce
• Positive Sentiment: Growth and price momentum are attracting investors. Zacks highlighted Shopify’s earnings growth and stock-price strength, while other analyses pointed to rising AI adoption, payments growth and strong gross merchandise volume. These factors help explain the stock’s substantial advance over the past several months. Earnings Growth and Price Strength Make Shopify a Stock to Watch
• Positive Sentiment: New partner and merchant tools could support platform adoption. Poq became a Shopify Certified Technology Partner, improving enterprise merchants’ access to its native mobile-app platform. Separately, Disco launched an advertiser-funded cashback feature within Shopify checkout, reporting approximately 5% higher order conversion during its pilot. Poq Becomes a Shopify Certified Technology Partner

Shopify Company Profile

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.