Shopify (NASDAQ:SHOP) Given a $165.00 Price Target by BMO Capital Markets Analysts

Shopify (NASDAQ:SHOP) (TSE:SHOP) has been given a $165.00 target price by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price objective indicates a potential upside of 12.40% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Stifel Nicolaus set a $150.00 price objective on Shopify and gave the company a “buy” rating in a research report on Thursday, July 9th. Royal Bank Of Canada set a $180.00 target price on shares of Shopify and gave the company an “outperform” rating in a research report on Thursday. DA Davidson set a $200.00 price target on shares of Shopify and gave the stock a “buy” rating in a research report on Thursday. Barclays set a $145.00 price target on shares of Shopify and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Shopify in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Shopify currently has a consensus rating of “Moderate Buy” and an average price target of $169.72.

Shopify Stock Up 1.8%

Shares of NASDAQ SHOP traded up $2.56 during trading on Thursday, reaching $146.80. 10,717,904 shares of the company traded hands, compared to its average volume of 10,830,533. The firm has a 50 day simple moving average of $117.98 and a 200-day simple moving average of $119.65. Shopify has a 52-week low of $94.00 and a 52-week high of $182.19. The stock has a market capitalization of $190.50 billion, a PE ratio of 145.35, a P/E/G ratio of 2.66 and a beta of 2.58.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The company had revenue of $3.58 billion for the quarter. During the same quarter in the prior year, the business posted $0.69 EPS. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, research analysts predict that Shopify will post 1.4 EPS for the current year.

Institutional Investors Weigh In On Shopify

A number of institutional investors have recently bought and sold shares of the business. TBH Global Asset Management LLC lifted its position in Shopify by 1.2% during the fourth quarter. TBH Global Asset Management LLC now owns 6,438 shares of the software maker’s stock valued at $1,036,000 after purchasing an additional 75 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Shopify by 13.9% in the second quarter. Smartleaf Asset Management LLC now owns 631 shares of the software maker’s stock worth $72,000 after buying an additional 77 shares in the last quarter. WealthCollab LLC increased its position in Shopify by 26.7% in the fourth quarter. WealthCollab LLC now owns 380 shares of the software maker’s stock worth $61,000 after buying an additional 80 shares in the last quarter. Parr Mcknight Wealth Management Group LLC raised its stake in shares of Shopify by 3.1% in the first quarter. Parr Mcknight Wealth Management Group LLC now owns 2,762 shares of the software maker’s stock worth $328,000 after buying an additional 84 shares during the period. Finally, Founders Financial Alliance LLC raised its stake in shares of Shopify by 5.2% in the fourth quarter. Founders Financial Alliance LLC now owns 1,768 shares of the software maker’s stock worth $285,000 after buying an additional 87 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reported second-quarter revenue of $3.58 billion, up 33.7% year over year, while adjusted earnings of $0.42 per share exceeded the $0.40 consensus estimate. The company also delivered more than 30% growth in gross merchandise volume, gross profit, and free cash flow, with an 18% free-cash-flow margin. Shopify Delivers Big: 30%+ Growth Across GMV, Revenue, Gross Profit and Free Cash Flow
• Positive Sentiment: Third-quarter revenue is forecast at $3.7 billion to $3.8 billion, above the approximately $3.6 billion analyst consensus, implying low-30% growth and signaling continued momentum. Shopify Expects Q3 Revenue Growth in the Low 30s
• Positive Sentiment: AI-related traffic and orders to Shopify merchants tripled year over year, while the company is expanding “agentic commerce” tools and integrating AI across its platform. Investors viewed AI platforms such as ChatGPT and Gemini as potential partners that can send customers to Shopify stores rather than as direct threats. Shopify’s AI Traffic Triples
• Positive Sentiment: Analysts raised their targets following the report: Goldman Sachs to $194, Citizens JMP to $185, Wedbush to $176, and Benchmark to $170. Each maintained a bullish rating, reinforcing expectations for further upside. Shopify Analysts Increase Their Forecasts
• Neutral Sentiment: Cantor Fitzgerald raised its target to $145 but retained a neutral rating, indicating that some analysts remain cautious after the sharp move and Shopify’s premium valuation.

Shopify Company Profile

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.