Shopify (NASDAQ:SHOP) Stock Gets Price Target Bump from National Bank Financial

by · The Markets Daily

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) had its price objective increased by research analysts at National Bank Financial from $180.00 to $185.00 in a research note issued to investors on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the software maker’s stock. National Bank Financial‘s price target indicates a potential upside of 21.93% from the company’s previous close.

SHOP has been the subject of a number of other reports. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $205.00 price target (down from $208.00) on shares of Shopify in a research note on Wednesday. RBC Dominion Securities set a $200.00 price objective on Shopify and gave the stock an “outperform” rating in a report on Friday, October 23rd. Oppenheimer reiterated an “outperform” rating and issued a $205.00 price target (up from $175.00) on shares of Shopify in a research note on Friday, October 23rd. Robert W. Baird upped their price objective on Shopify from $160.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 14th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Shopify in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.74.

View Our Latest Research Report on SHOP

Shopify Price Performance

NASDAQ SHOP traded up $9.16 on Wednesday, hitting $151.73. 8,003,746 shares of the company were exchanged, compared to its average volume of 10,272,702. Shopify has a 1-year low of $94.00 and a 1-year high of $180.88. The firm has a 50 day moving average of $152.77 and a two-hundred day moving average of $130.13. The company has a market cap of $195.22 billion, a P/E ratio of 102.52, a P/E/G ratio of 3.23 and a beta of 2.65. 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 (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last released its quarterly earnings results on Tuesday, November 3rd. The software maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.33 by $0.16. The business had revenue of $3.74 billion for the quarter. Shopify had a net margin of 14.53% and a return on equity of 12.58%. Shopify’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. On average, equities analysts predict that Shopify will post 1.46 EPS for the current year.

Institutional Investors Weigh In On Shopify

Large investors have recently bought and sold shares of the company. Vestor Capital LLC acquired a new position in Shopify during the third quarter valued at approximately $548,000. Kestra Investment Management LLC grew its holdings in shares of Shopify by 18.6% during the third quarter. Kestra Investment Management LLC now owns 2,119 shares of the software maker’s stock worth $314,000 after purchasing an additional 333 shares during the last quarter. AlphaCore Capital LLC increased its position in Shopify by 27.3% in the 3rd quarter. AlphaCore Capital LLC now owns 7,195 shares of the software maker’s stock valued at $1,067,000 after acquiring an additional 1,542 shares during the period. Kohmann Bosshard Financial Services LLC increased its holdings in Shopify by 0.8% in the third quarter. Kohmann Bosshard Financial Services LLC now owns 9,804 shares of the software maker’s stock valued at $1,454,000 after purchasing an additional 73 shares during the period. Finally, Fulcrum Asset Management LLP raised its position in shares of Shopify by 11.0% during the third quarter. Fulcrum Asset Management LLP now owns 51,390 shares of the software maker’s stock worth $7,617,000 after acquiring an additional 5,074 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

More Shopify News

Here are the key news stories impacting Shopify this week:

  • Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $200 price target; Wedbush also reiterated “outperform,” with a $176 target. Read More.
  • Positive Sentiment: ARK Invest bought about $12.5 million of Shopify shares during the sell-off, signaling confidence in the company despite the weaker-than-expected metrics. Read More.
  • Positive Sentiment: Shopify reported roughly 32% year-over-year revenue growth, and call highlights pointed to rising AI-driven shopping traffic, greater payments adoption and cost discipline. Free cash flow also rose 61% to $816 million. Read More.
  • Neutral Sentiment: Call-option purchases were unusually high—125% above typical volume—suggesting increased bullish positioning, though options activity alone does not establish the direction of future trading.
  • Negative Sentiment: Despite beating earnings estimates, Shopify’s Q3 GMV and subscription revenue fell short of forecasts, and some reports cited a modest revenue miss. Those shortfalls triggered the recent sell-off; investors may also be wary of a premium valuation. Read More.
  • Negative Sentiment: Not all analyst updates were supportive: Rosenblatt cut its price target to $180, while Cantor Fitzgerald lowered its target to $150 and maintained a “neutral” rating. Read More.

Shopify Company Profile

(Get Free Report)

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.

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