Shopify’s (SHOP) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Shopify (NASDAQ:SHOP) (TSE:SHOP) in a research note issued to investors on Wednesday morning,Benzinga reports. Wedbush currently has a $176.00 price objective on the software maker’s stock.

A number of other analysts also recently issued reports on SHOP. Cantor Fitzgerald raised their price target on shares of Shopify from $127.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price objective on shares of Shopify in a report on Wednesday, August 5th. Piper Sandler restated an “overweight” rating and set a $180.00 price objective (up from $172.00) on shares of Shopify in a research report on Tuesday, September 8th. Phillip Securities cut shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 17th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $180.00 target price (up from $144.00) on shares of Shopify in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Shopify currently has an average rating of “Moderate Buy” and a consensus price target of $172.13.

Shopify Trading Down 2.0%

Shares of NASDAQ:SHOP opened at $142.25 on Wednesday. The company has a market cap of $183.02 billion, a P/E ratio of 96.11, a PEG ratio of 2.95 and a beta of 2.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35. Shopify has a 1 year low of $94.00 and a 1 year high of $182.19. The stock’s fifty day moving average price is $138.38 and its 200-day moving average price is $124.04.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Tsfg LLC lifted its stake in shares of Shopify by 4.0% during the 2nd quarter. Tsfg LLC now owns 2,028 shares of the software maker’s stock worth $232,000 after acquiring an additional 78 shares during the last quarter. Parr Mcknight Wealth Management Group LLC grew its position in Shopify by 3.1% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 2,762 shares of the software maker’s stock valued at $328,000 after acquiring an additional 84 shares during the last quarter. Caerus Investment Advisors LLC increased its stake in Shopify by 5.6% in the first quarter. Caerus Investment Advisors LLC now owns 1,688 shares of the software maker’s stock worth $200,000 after purchasing an additional 90 shares during the period. Canvas Wealth Advisors LLC lifted its position in shares of Shopify by 1.1% during the second quarter. Canvas Wealth Advisors LLC now owns 8,356 shares of the software maker’s stock worth $954,000 after purchasing an additional 93 shares during the last quarter. Finally, Optas LLC boosted its stake in shares of Shopify by 5.6% during the first quarter. Optas LLC now owns 1,808 shares of the software maker’s stock valued at $214,000 after purchasing an additional 96 shares during the period. 69.27% of the stock is owned by hedge funds and other institutional investors.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Agentic commerce remains a growth catalyst. Shopify’s reported Tailwind acquisition reinforces its push into AI-powered shopping. The company could benefit as AI agents generate transactions through Shopify-enabled merchants, although investors are increasingly focused on the financial bill for that expansion. Shopify’s Tailwind Acquisition Feeds the Agentic Commerce Story, But the Market Is Already Nervous About the Bill
• Positive Sentiment: Wedbush maintained an Outperform rating. The reaffirmation provides analyst support for Shopify’s long-term growth story and suggests the firm continues to view the recent weakness as an opportunity rather than a deterioration in fundamentals. Wedbush Reaffirms Outperform Rating for Shopify
• Positive Sentiment: Shopify is positioned to capture AI-driven checkout activity. Shopify reportedly welcomed Meta’s AI shopping agent, with agent-generated orders carrying economics similar to ordinary online-store transactions. This could expand merchant volume without fundamentally changing Shopify’s monetization model. Amazon Blocked Meta’s AI Shopping Agent. Shopify Welcomed It—and Gets Paid on Every Checkout.
• Neutral Sentiment: Shopify is attracting elevated investor attention. Zacks highlighted the stock as trending, but the report primarily reviews factors investors should consider rather than providing a new earnings or guidance catalyst. Shopify Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Partner activity supports the ecosystem. Zefir reported more than $530 million in attributed WhatsApp revenue for Shopify brands, but the figure belongs to merchants using Zefir’s services and is not Shopify’s direct revenue. Zefir Surpasses $530 Million in WhatsApp Revenue for Shopify Brands
• Negative Sentiment: Investors appear concerned about acquisition costs and valuation. The Tailwind deal adds to questions about how much Shopify must spend to establish an AI-commerce lead, while its high earnings multiple leaves limited room for execution missteps. B2B optimization content and routine product-import guidance offer little near-term impact on SHOP’s valuation.

Shopify Company Profile

Shopify Inc (NASDAQ:SHOP) is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow retail operations. Its platform enables merchants to create and manage online stores, sell through social media and other digital channels, and support in-person sales through Shopify’s point-of-sale solutions.

Shopify’s products and services include online storefront and website-building tools, payment processing through Shopify Payments, point-of-sale hardware and software, inventory and order management, shipping and fulfillment tools, marketing features, analytics, and financing services for eligible merchants.