Shopify (NASDAQ:SHOP) Given Buy Rating at Argus

Argus reaffirmed their buy rating on shares of Shopify (NASDAQ:SHOP) (TSE:SHOP) in a research note published on Thursday,Benzinga reports. Argus currently has a $180.00 target price on the software maker’s stock.

SHOP has been the subject of a number of other reports. BMO Capital Markets set a $165.00 target price on shares of Shopify and gave the stock an “outperform” rating in a report on Thursday, August 6th. Evercore reissued an “outperform” rating and set a $175.00 price objective (up from $135.00) on shares of Shopify in a research note on Wednesday, August 5th. DA Davidson set a $180.00 target price on Shopify and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating on shares of Shopify in a research report on Wednesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Shopify in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $178.82.

Shopify Stock Performance

Shares of SHOP opened at $143.75 on Thursday. The firm has a fifty day moving average of $152.62 and a 200-day moving average of $130.05. The company has a market cap of $184.95 billion, a price-to-earnings ratio of 110.09, a price-to-earnings-growth ratio of 3.10 and a beta of 2.65. Shopify has a 1 year low of $94.00 and a 1 year high of $180.88.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its earnings results on Tuesday, November 3rd. The software maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.33 by $0.16. The firm had revenue of $3.74 billion for the quarter. Shopify had a return on equity of 14.03% and a net margin of 15.01%. The firm’s revenue was up 31.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share. Analysts predict that Shopify will post 1.46 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SHOP. Signal Advisors Wealth LLC lifted its position in Shopify by 0.5% during the 3rd quarter. Signal Advisors Wealth LLC now owns 12,589 shares of the software maker’s stock worth $1,867,000 after acquiring an additional 60 shares during the last quarter. Canopy Partners LLC boosted its holdings in Shopify by 3.0% during the third quarter. Canopy Partners LLC now owns 2,109 shares of the software maker’s stock valued at $313,000 after acquiring an additional 61 shares during the period. Midway Capital Research & Management grew its position in shares of Shopify by 0.5% in the third quarter. Midway Capital Research & Management now owns 14,008 shares of the software maker’s stock valued at $2,077,000 after purchasing an additional 65 shares during the last quarter. Eagle Wealth Advisors LLC grew its position in shares of Shopify by 3.0% in the third quarter. Eagle Wealth Advisors LLC now owns 2,330 shares of the software maker’s stock valued at $346,000 after purchasing an additional 67 shares during the last quarter. Finally, Asset One Wealth Management LLC grew its position in shares of Shopify by 0.3% in the third quarter. Asset One Wealth Management LLC now owns 24,060 shares of the software maker’s stock valued at $3,568,000 after purchasing an additional 69 shares during 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 Q3 revenue growth of about 32% to $3.7 billion, GMV growth of 30% to $119 billion, and a 22% free-cash-flow margin. Earnings also topped estimates, while higher payments penetration and AI-commerce activity supported the growth story. SHOP Q3 Earnings Beat Estimates, Revenues Rise on Strong GMV
• Positive Sentiment: Several analysts maintained bullish views: Argus reaffirmed a Buy rating with a $180 target, while Royal Bank of Canada reiterated Outperform and a $200 target. These recommendations suggest some analysts see further upside. Argus rating Royal Bank of Canada rating
• Neutral Sentiment: New merchant tools and integrations—including a sales-concentration “Bubble Maps” feature and GOFO delivery tracking—add functionality to Shopify’s ecosystem, though their near-term financial impact is unclear. Bubble Maps feature GOFO tracking integration
• Negative Sentiment: Despite the strong headline results, Q3 GMV of roughly $119 billion fell just short of expectations near $120 billion. With Shopify valued for rapid growth, the shortfall—and concerns about holiday-quarter execution and growth expectations—has weighed on sentiment. Shopify’s Small Q3 Miss Triggered a Big Sell-Off: What’s Next?

About Shopify

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.