Truist Financial Reiterates $150.00 Price Target for Shopify (NASDAQ:SHOP)

Truist Financial set a $150.00 target price on Shopify (NASDAQ:SHOP) (TSE:SHOP) in a research note released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the software maker’s stock.

A number of other research firms also recently weighed in on SHOP. BNP Paribas Exane started coverage on Shopify in a report on Monday, November 24th. They set a “neutral” rating on the stock. Barclays set a $130.00 target price on Shopify and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. DZ Bank upgraded Shopify from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Needham & Company LLC reissued a “buy” rating and set a $180.00 price objective on shares of Shopify in a report on Thursday, February 12th. Finally, Royal Bank Of Canada set a $170.00 target price on shares of Shopify and gave the company an “outperform” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.64.

Shopify Stock Performance

Shares of Shopify stock opened at $123.80 on Tuesday. The firm’s 50-day simple moving average is $146.72 and its 200-day simple moving average is $150.52. Shopify has a twelve month low of $69.84 and a twelve month high of $182.19. The firm has a market cap of $161.17 billion, a P/E ratio of 133.12, a price-to-earnings-growth ratio of 4.43 and a beta of 2.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kingdom Financial Group LLC. bought a new stake in Shopify in the 4th quarter valued at $26,000. Financial Gravity Companies Inc. acquired a new position in shares of Shopify during the second quarter worth about $27,000. Rothschild Investment LLC grew its holdings in shares of Shopify by 47.5% during the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after buying an additional 75 shares in the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in Shopify in the 3rd quarter valued at approximately $27,000. Finally, Curio Wealth LLC acquired a new stake in Shopify in the 4th quarter valued at approximately $27,000. 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: Post‑earnings rebound driven by strong Q4 results (revenue and GMV growth in the low‑30% range), bullish first‑quarter revenue outlook and the newly authorized $2 billion share repurchase program — a clear shareholder‑friendly catalyst that helped lift sentiment. Post‑earnings sentiment and buyback
• Positive Sentiment: Truist published a $150 price target for SHOP, providing an analyst‑level endorsement above the current trading price that can support upside expectations. Truist $150 PT
• Positive Sentiment: DZ Bank upgraded Shopify from Hold to Strong‑Buy, adding to the list of recent bullish analyst moves that can attract buyers. DZ Bank upgrade
• Neutral Sentiment: Jefferies kept a Hold rating with a $125 target after noting Q4 strength and AI/marketplace momentum — supportive on results but cautious enough to keep a neutral stance. Jefferies reaction to Q4
• Neutral Sentiment: Shopify was featured in a list of long‑term growth platforms, reflecting favorable long‑run narrative for investor interest but not a near‑term earnings or balance‑sheet catalyst. Long‑term growth stock mention
• Negative Sentiment: A deeper critique argues that solid Q4 results may not be enough to change Shopify’s longer‑term trajectory — concerns about margins, competitive dynamics and whether growth can sustainably re‑accelerate persist. This framing can limit upside despite the quarter. BayStreet skeptical take
• Negative Sentiment: Broader marketplace moves — eBay’s strategic deals and ad/recommerce strength — highlight intensifying competition in online marketplaces, a dynamic investors watch when assessing Shopify’s GMV/margin outlook. Market competition context

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.