Analysts Set Shopify Inc. (NASDAQ:SHOP) Price Target at $155.35

Shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) have received an average recommendation of “Moderate Buy” from the forty-six brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $163.8919.

SHOP has been the subject of a number of recent analyst reports. Arete Research upgraded Shopify to a “hold” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada boosted their target price on shares of Shopify from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Atb Cap Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 6th. Cantor Fitzgerald reiterated a “neutral” rating and set a $181.00 price objective (up previously from $156.00) on shares of Shopify in a report on Wednesday. Finally, Citigroup boosted their price objective on shares of Shopify from $155.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, August 8th.

Shopify Price Performance

Shopify stock opened at $156.05 on Tuesday. Shopify has a 1 year low of $69.84 and a 1 year high of $182.19. The firm’s 50 day moving average price is $155.37 and its 200-day moving average price is $129.48. The stock has a market cap of $202.81 billion, a P/E ratio of 115.59, a PEG ratio of 6.81 and a beta of 2.73.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Shopify had a return on equity of 11.72% and a net margin of 16.65%.The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Shopify will post 1.12 EPS for the current year.

Institutional Trading of Shopify

A number of hedge funds have recently bought and sold shares of the stock. Balboa Wealth Partners purchased a new position in shares of Shopify in the 3rd quarter valued at approximately $246,000. Naviter Wealth LLC acquired a new position in Shopify during the 3rd quarter valued at approximately $241,000. Metis Global Partners LLC raised its holdings in shares of Shopify by 1.1% in the third quarter. Metis Global Partners LLC now owns 55,080 shares of the software maker’s stock worth $8,183,000 after buying an additional 622 shares during the last quarter. Tacita Capital Inc lifted its stake in shares of Shopify by 6.8% during the third quarter. Tacita Capital Inc now owns 4,621 shares of the software maker’s stock worth $687,000 after buying an additional 294 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Shopify by 9.4% during the third quarter. Assetmark Inc. now owns 200,168 shares of the software maker’s stock worth $29,747,000 after buying an additional 17,252 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.