Citizens Jmp Boosts Shopify (NASDAQ:SHOP) Price Target to $185.00

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its target price boosted by equities researchers at Citizens Jmp from $150.00 to $185.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the software maker’s stock. Citizens Jmp’s price target would suggest a potential upside of 22.06% from the stock’s current price.

A number of other analysts have also recently issued reports on the stock. Robert W. Baird set a $150.00 target price on shares of Shopify in a research note on Wednesday, May 6th. Benchmark restated a “buy” rating on shares of Shopify in a research note on Wednesday, July 29th. Piper Sandler restated an “overweight” rating and set a $150.00 price target (down from $165.00) on shares of Shopify in a report on Tuesday, May 5th. National Bank Financial reaffirmed an “outperform” rating and issued a $180.00 price objective (up from $155.00) on shares of Shopify in a research note on Wednesday. Finally, Rothschild & Co Redburn set a $130.00 price objective on shares of Shopify and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Three analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $170.72.

Shopify Stock Performance

Shares of SHOP stock opened at $151.57 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 6.20. Shopify has a fifty-two week low of $94.00 and a fifty-two week high of $182.19. The stock’s 50-day moving average is $119.29 and its two-hundred day moving average is $119.81. The firm has a market cap of $196.69 billion, a P/E ratio of 102.41, a PEG ratio of 3.17 and a beta of 2.58.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $3.58 billion during the quarter. Shopify had a return on equity of 12.58% and a net margin of 14.53%.The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. Analysts predict that Shopify will post 1.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Shopify by 2.8% in the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after buying an additional 584 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Shopify by 107.3% during the first quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock worth $1,392,000 after buying an additional 7,544 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Shopify by 6.6% during the second quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after buying an additional 506 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of Shopify in the second quarter valued at approximately $53,000. Finally, Main Street Financial Solutions LLC increased its position in Shopify by 15.3% during the second quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker’s stock worth $1,284,000 after acquiring an additional 1,479 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Q2 results exceeded expectations: Shopify reported revenue of approximately $3.58 billion, up 33.7% year over year, and earnings of $0.42 per share versus consensus of $0.40. Growth was supported by strong gross merchandise volume (GMV), expanding payments penetration and improved profitability. SHOP Q2 Earnings Beat Estimates
• Positive Sentiment: Healthy forward guidance: Management expects low-30% revenue growth in the third quarter, reinforcing the view that merchant demand and platform momentum remain strong. Free-cash-flow margins of about 18% also highlighted operating leverage. Shopify Q3 Revenue Outlook
• Positive Sentiment: AI is emerging as a growth catalyst: Shopify executives said traffic and orders originating from AI platforms, including ChatGPT and Gemini, have tripled over the past year. The company is investing in agentic commerce infrastructure, suggesting AI is expanding rather than displacing Shopify’s merchant ecosystem. Shopify Executive Discusses AI and Entrepreneurship
• Positive Sentiment: Analysts raised targets: Goldman Sachs, Citigroup, JPMorgan, Wedbush, BMO and Benchmark all increased their price targets following the results, with several maintaining buy or outperform ratings. These revisions provide additional support for the rally and reflect improved growth expectations.
• Neutral Sentiment: Valuation is demanding: After the earnings-driven advance, Shopify trades at a high earnings multiple. Continued upside likely depends on the company sustaining 30%-plus growth and converting AI and GMV momentum into durable profits. Shopify Q2 Risks and Opportunities
• Negative Sentiment: Some caution remains: Cantor Fitzgerald maintained a neutral rating despite raising its target to $145, while commentary has warned that elevated expectations and the stock’s volatility could limit further gains. Cathie Wood’s reported trimming of Shopify holdings also represents a modest negative sentiment signal.

About Shopify

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.