Shopify Inc. (NASDAQ:SHOP) Stock Has Consensus Price Target of $172.13

Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) has received a consensus rating of “Moderate Buy” from the forty-eight research firms that are covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $172.00.

Several research analysts recently commented on SHOP shares. National Bank Financial reaffirmed an “outperform” rating and issued a $180.00 target price (up from $155.00) on shares of Shopify in a research report on Wednesday, August 5th. Piper Sandler reiterated an “overweight” rating and issued a $180.00 price target (up from $172.00) on shares of Shopify in a report on Tuesday, September 8th. Rosenblatt Securities initiated coverage on Shopify in a research report on Thursday, August 20th. They issued a “buy” rating and a $175.00 price target on the stock. Sanford C. Bernstein assumed coverage on shares of Shopify in a report on Thursday, September 10th. They issued an “outperform” rating and a $160.00 price target for the company. Finally, DA Davidson set a $200.00 target price on Shopify and gave the stock a “buy” rating in a report on Thursday, August 6th.

Hedge Funds Weigh In On Shopify

Hedge funds and other institutional investors have recently bought and sold shares of the business. Curio Wealth LLC bought a new position in shares of Shopify during the 4th quarter worth approximately $27,000. Modus Advisors LLC bought a new position in Shopify during the fourth quarter worth $34,000. Graney & King LLC acquired a new position in shares of Shopify in the first quarter valued at $27,000. Evolution Wealth Management Inc. raised its position in shares of Shopify by 203.9% in the first quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Finally, Glen Eagle Advisors LLC lifted its stake in shares of Shopify by 97.5% during the 4th quarter. Glen Eagle Advisors LLC now owns 241 shares of the software maker’s stock worth $39,000 after buying an additional 119 shares during the last quarter. Institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

Shares of NASDAQ SHOP opened at $149.09 on Friday. The firm has a market cap of $191.83 billion, a price-to-earnings ratio of 100.74, a P/E/G ratio of 3.07 and a beta of 2.62. Shopify has a 52 week low of $94.00 and a 52 week high of $182.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35. The business’s 50-day simple moving average is $140.62 and its 200-day simple moving average is $124.55.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $3.58 billion during the quarter. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The firm’s revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share. As a group, equities research analysts expect that Shopify will post 1.46 earnings per share for the current fiscal year.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: AI-powered store builder launched: Shopify introduced Canvas, a tool that lets merchants create online stores by conversing with artificial intelligence rather than manually arranging themes and page elements. The product could simplify onboarding, increase merchant adoption and strengthen Shopify’s position in AI-enabled commerce. Shopify debuts Canvas, a way to build online stores by chatting with AI
• Positive Sentiment: Payments business remains a growth engine: Merchant Solutions revenue reportedly increased 37%, driven by higher gross merchandise volume, deeper payments penetration and international expansion. Faster growth in payments can lift Shopify’s transaction revenue and improve monetization of its merchant base. Shopify’s Merchant Solutions Growth Accelerates: More Upside Ahead?
• Positive Sentiment: Potential financial-services upside: Jefferies estimates that nationwide money-transmitter licenses could add roughly 2% to gross profit and 5% to operating income by 2028, providing a longer-term earnings catalyst as Shopify expands its payments and financial-services offerings. Shopify’s money transmitter licences could lift 2028 operating income, Jefferies says
• Positive Sentiment: Analyst sentiment is supportive: Coverage characterizes Shopify as a “moderate buy,” citing its diversified merchant ecosystem, enterprise adoption, AI opportunity and stronger expected earnings growth relative to DoorDash. Shopify Inc. Stock Now Rated Moderate Buy
• Neutral Sentiment: AI-commerce competition is intensifying: Amazon and Shopify are pursuing different strategies to control AI-powered shopping. Shopify’s merchant-first approach offers differentiation, but Amazon’s scale and consumer reach represent a significant competitive challenge. Two of Ecommerce’s Biggest Names Just Launched a Silent War

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.