Shopify (NASDAQ:SHOP) Stock Price Target Raised at JPMorgan Chase & Co.

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its price objective upped by JPMorgan Chase & Co. from $185.00 to $200.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

Several other analysts have also recently commented on SHOP. UBS Group reiterated a “neutral” rating and set a $145.00 price target (up from $130.00) on shares of Shopify in a research report on Thursday, August 6th. Sanford C. Bernstein initiated coverage on Shopify in a report on Thursday, September 10th. They issued an “outperform” rating and a $160.00 price objective on the stock. Royal Bank Of Canada set a $180.00 target price on shares of Shopify and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. The Goldman Sachs Group upped their target price on shares of Shopify from $170.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, DZ Bank cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Shopify presently has a consensus rating of “Moderate Buy” and an average price target of $172.39.

Shopify Trading Up 2.7%

Shares of Shopify stock opened at $164.44 on Tuesday. 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 has a twelve month low of $94.00 and a twelve month high of $182.19. The firm has a market capitalization of $211.58 billion, a PE ratio of 111.11, a P/E/G ratio of 3.31 and a beta of 2.62. The firm’s 50-day moving average price is $142.72 and its 200 day moving average price is $125.24.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, topping 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 during the quarter. During the same quarter last year, the firm posted $0.69 earnings per share. Shopify’s quarterly revenue was up 33.7% on a year-over-year basis. On average, sell-side analysts predict that Shopify will post 1.46 EPS for the current fiscal year.

Institutional Trading of Shopify

Several large investors have recently added to or reduced their stakes in SHOP. Juncture Wealth Strategies LLC increased its stake in shares of Shopify by 38.9% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 3,744 shares of the software maker’s stock worth $555,000 after acquiring an additional 1,049 shares during the last quarter. Eleva Capital SAS acquired a new position in shares of Shopify during the 3rd quarter valued at about $1,581,000. Central Pacific Bank Trust Division boosted its position in shares of Shopify by 12.2% during the 3rd quarter. Central Pacific Bank Trust Division now owns 23,306 shares of the software maker’s stock valued at $3,456,000 after acquiring an additional 2,540 shares during the last quarter. Kennon Green & Company LLC purchased a new stake in shares of Shopify in the third quarter valued at about $221,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Shopify by 5.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,751 shares of the software maker’s stock valued at $260,000 after purchasing an additional 83 shares during the period. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: JPMorgan raised its price target to $200 from $185 and maintained an “overweight” rating, implying substantial upside from recent trading levels. The target increase provided a strong vote of confidence from Wall Street. Shopify price target raised
• Positive Sentiment: Cooling labor-market data reduced expectations for an October Federal Reserve rate increase. Lower expected rates generally support high-growth technology stocks such as Shopify by improving the outlook for future earnings valuations. Why Shopify stock is trading up
• Positive Sentiment: Growth-focused coverage pointed to Shopify’s above-average financial growth and potential to outperform the broader market. Separate coverage also highlighted the company’s increasing focus on artificial intelligence and positive early results, reinforcing the long-term growth narrative. Reasons growth investors like Shopify Shopify and artificial intelligence
• Neutral Sentiment: Shopify will report third-quarter 2026 results before the market opens on November 3, followed by an 8:30 a.m. ET conference call. The announcement establishes the next major catalyst, but the release did not provide preliminary results or updated guidance. Shopify third-quarter earnings announcement
• Negative Sentiment: The rally has lifted Shopify roughly 80% from its May low and brought the stock near a key resistance area and its highest level since January. With an elevated valuation, including a reported price-to-earnings ratio above 100, investors may become more sensitive to any earnings or guidance disappointment. Shopify resistance and rally analysis

About Shopify

Shopify Inc is a commerce technology company that provides tools for businesses to start, operate and grow online and in physical retail environments. Its platform enables merchants to create and manage online stores, sell through multiple channels, process orders and payments, manage inventory and engage with customers.

Shopify’s products and services include its core commerce platform, Shopify Plus for larger businesses, Shopify Payments, Shop Pay, point-of-sale solutions and tools for marketing, shipping, analytics and customer management.