Shopify (NASDAQ:SHOP) Price Target Raised to $190.00

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its price target upped by Robert W. Baird from $160.00 to $190.00 in a report issued on Wednesday, MarketBeat Ratings reports. Robert W. Baird currently has an outperform rating on the software maker’s stock.

Several other research analysts also recently weighed in on the company. Citizens Jmp boosted their price target on Shopify from $150.00 to $185.00 and gave the company a “market outperform” rating in a report on Thursday, August 6th. The Goldman Sachs Group raised their price objective on Shopify from $170.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Benchmark raised their price objective on Shopify from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Barclays set a $145.00 price objective on Shopify and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Finally, Phillip Securities downgraded Shopify from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Shopify presently has a consensus rating of “Moderate Buy” and an average target price of $175.89.

Shopify Stock Performance

Shares of NASDAQ SHOP opened at $169.52 on Wednesday. The company has a 50-day simple moving average of $149.22 and a 200-day simple moving average of $128.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35. The company has a market cap of $218.11 billion, a PE ratio of 143.66, a price-to-earnings-growth ratio of 3.68 and a beta of 2.62. Shopify has a 12 month low of $94.00 and a 12 month high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The business had revenue of $3.58 billion for the quarter. During the same period in the previous year, the company posted $0.69 EPS. The business’s quarterly revenue was up 33.7% on a year-over-year basis. On average, equities analysts anticipate that Shopify will post 1.46 earnings per share for the current year.

Institutional Trading of Shopify

Institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. increased its stake in Shopify by 9.8% during the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock worth $2,257,796,000 after acquiring an additional 1,252,074 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Shopify in the 1st quarter valued at about $119,303,000. Swiss National Bank grew its holdings in shares of Shopify by 27.0% during the 1st quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock worth $487,580,000 after purchasing an additional 876,100 shares during the period. Castle Hook Partners LP grew its holdings in shares of Shopify by 60.8% during the 4th quarter. Castle Hook Partners LP now owns 1,979,636 shares of the software maker’s stock worth $318,662,000 after purchasing an additional 748,152 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Shopify by 8.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock worth $998,137,000 after purchasing an additional 660,198 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: RBC raised its Shopify price target to $200 from $180, citing sustained growth momentum and the possibility that the company could exceed expectations for third-quarter results and fourth-quarter guidance. RBC raises Shopify price target to $200 on sustained growth outlook
• Positive Sentiment: Analysts remain constructive ahead of earnings: Baird reportedly lifted its target to $190, while Jefferies sees potential upside from stronger gross merchandise volume. The reports reinforce expectations for solid merchant activity and additional gains. SHOP Stock Heads For 4th Green Week
• Positive Sentiment: Shopify merchants are adopting DeepLumen’s Agentic Page, an AI-powered channel that helps external AI agents discover products and complete purchases. Nearly 2,000 stores reportedly use the application, supporting the view that Shopify could become infrastructure for AI-driven commerce. Is Shopify Becoming A Real Gateway For AI Driven Commerce?
• Neutral Sentiment: Shopify’s October API update changes checkout, inventory, shipping, tax, and metafield behavior. Merchants and developers may need to update integrations, creating implementation work but potentially improving platform consistency. Shopify Marketing Agency Advisory
• Neutral Sentiment: Commentary highlights Shopify’s strong long-term returns, approximately 18% free-cash-flow margin, and recent 42% rally, while warning that the stock’s elevated valuation could lead some investors to take profits. I’d keep Shopify for its 18% free cash flow margin

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.