Shopify (NASDAQ:SHOP) Upgraded at TD Securities

TD Securities upgraded shares of Shopify (NASDAQ:SHOP) (TSE:SHOP) from a hold rating to a buy rating in a research report report published on Thursday morning, MarketBeat Ratings reports. TD Securities currently has $159.00 price objective on the software maker’s stock.

Several other equities research analysts have also recently issued reports on the stock. Barclays set a $130.00 price objective on shares of Shopify and gave the company an “equal weight” rating in a research report on Thursday. Citizens Jmp reduced their price objective on Shopify from $200.00 to $160.00 and set a “market outperform” rating on the stock in a report on Thursday. Moffett Nathanson upgraded Shopify from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a report on Monday, February 9th. Scotiabank upgraded Shopify from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $165.00 to $200.00 in a research note on Thursday, January 8th. Finally, KeyCorp restated an “overweight” rating and issued a $160.00 price objective on shares of Shopify in a report on Wednesday. Thirty-one research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.97.

Shopify Trading Up 1.8%

NASDAQ SHOP opened at $112.70 on Thursday. The company’s 50-day moving average price is $150.31 and its 200-day moving average price is $150.82. The stock has a market cap of $146.72 billion, a PE ratio of 121.18, a PEG ratio of 3.32 and a beta of 2.83. Shopify has a 12 month low of $69.84 and a 12 month high of $182.19.

Institutional Investors Weigh In On Shopify

A number of hedge funds and other institutional investors have recently bought and sold shares of SHOP. Twin Peaks Wealth Advisors LLC increased its position in shares of Shopify by 1.7% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 3,448 shares of the software maker’s stock worth $512,000 after purchasing an additional 59 shares in the last quarter. Accurate Wealth Management LLC grew its stake in Shopify by 2.0% during the 3rd quarter. Accurate Wealth Management LLC now owns 3,438 shares of the software maker’s stock worth $526,000 after buying an additional 67 shares during the last quarter. Moloney Securities Asset Management LLC increased its position in Shopify by 1.8% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,951 shares of the software maker’s stock valued at $587,000 after buying an additional 70 shares in the last quarter. Rothschild Investment LLC raised its stake in Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Finally, Sivia Capital Partners LLC boosted its holdings in Shopify by 0.9% in the third quarter. Sivia Capital Partners LLC now owns 8,265 shares of the software maker’s stock worth $1,228,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reported strong Q4 revenue and profitability metrics—revenue grew ~31% YoY to $3.67B and EPS topped estimates—supporting bullish takeaways on merchant growth and cash generation. Q4/Profitable SaaS Article
• Positive Sentiment: Analysts have moved more positive: Mizuho upgraded SHOP to “outperform” with a $150 PT, TD Securities raised to “buy” with a $159 PT, and Needham reaffirmed a $180 target—these upgrades are driving buy-side interest. Mizuho Upgrade
• Positive Sentiment: Shopify’s commerce tooling is being integrated into major AI platforms (e.g., ChatGPT/Gemini), reinforcing long‑term revenue/engagement narratives tied to AI-enabled merchant services. AI Integration Article
• Neutral Sentiment: Loomis Sayles highlighted high‑quality, long‑growth companies including Shopify in its investor letter—positive signal for institutional interest but not an immediate catalyst. Loomis Sayles Letter
• Neutral Sentiment: Shopify announced a $2 billion buyback authorization; while buybacks can support the stock, analysts and investors are flagging execution risk and potential cash/volatility implications. Buyback Analysis
• Negative Sentiment: Several firms trimmed price targets (UBS to $145, Benchmark to $145, Wedbush/Citizens JMP trimmed targets), and Truist cut to a $110 target—these downgrades/target cuts introduce selling pressure and mixed sentiment among analysts. Price Target Moves Benchmark Cut
• Negative Sentiment: Despite revenue strength, some coverage highlighted margin strain from AI investment and mixed earnings reactions; the post‑earnings pullback reflected investor concerns about valuation and near‑term profitability. Margin Strain Article Post-Earnings Reaction

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.