Shopify’s (SHOP) “Outperform” Rating Reaffirmed at Wedbush

Shopify (NASDAQ:SHOP) (TSE:SHOP)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $176.00 price objective on the software maker’s stock. Wedbush‘s target price would suggest a potential upside of 21.66% from the stock’s previous close.

A number of other analysts have also weighed in on SHOP. RBC Dominion Securities set a $200.00 price target on shares of Shopify and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Phillip Securities lowered shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, August 17th. BMO Capital Markets set a $165.00 target price on Shopify and gave the stock an “outperform” rating in a report on Thursday, August 6th. Seaport Research Partners reissued a “buy” rating and set a $180.00 target price on shares of Shopify in a report on Thursday, October 8th. Finally, Susquehanna assumed coverage on Shopify in a research note on Friday, July 10th. They set a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Shopify currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.49.

Shopify Price Performance

Shares of SHOP opened at $144.66 on Wednesday. The firm has a market capitalization of $186.13 billion, a price-to-earnings ratio of 97.74, a price-to-earnings-growth ratio of 3.23 and a beta of 2.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35. Shopify has a one year low of $94.00 and a one year high of $180.88. The stock’s fifty day moving average is $152.77 and its 200-day moving average is $130.13.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, November 3rd. The software maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.16. The business had revenue of $3.74 billion during the quarter. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The business’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. Equities analysts anticipate that Shopify will post 1.46 EPS for the current year.

Hedge Funds Weigh In On Shopify

Hedge funds have recently made changes to their positions in the business. Swiss National Bank lifted its stake in Shopify by 27.0% in the first quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock valued at $487,580,000 after acquiring an additional 876,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Shopify during the 3rd quarter valued at $102,751,000. The Manufacturers Life Insurance Company lifted its stake in shares of Shopify by 8.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock valued at $998,137,000 after purchasing an additional 660,198 shares during the last quarter. Bank of Nova Scotia boosted its holdings in Shopify by 24.2% in the first quarter. Bank of Nova Scotia now owns 3,196,004 shares of the software maker’s stock worth $379,111,000 after purchasing an additional 621,893 shares in the last quarter. Finally, Nykredit A S bought a new stake in Shopify in the second quarter worth $41,959,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Underlying results showed continued growth: revenue rose 32% year over year to about $3.7 billion, operating income increased 66%, and free cash flow climbed 61% to $816 million. The company also reported momentum in AI-driven commerce and Shop Pay. Article: Shopify Stock Fell After Its Report
• Positive Sentiment: Some coverage characterized Shopify’s fourth-quarter outlook as upbeat, while analysts cited in reports retained a Moderate Buy consensus. Article: Shopify’s Small Q3 Miss Triggered a Big Sell-Off
• Neutral Sentiment: Rosenblatt Securities lowered its price target to $180 from $186 but maintained a Buy rating, signaling continued optimism alongside a more cautious valuation view. Rosenblatt Securities recommendations
• Negative Sentiment: The key drag was a slight miss in gross merchandise volume—about $119.1 billion versus roughly $120 billion expected—and weaker-than-expected subscription revenue. The misses disappointed investors after a strong run and overshadowed the earnings beat. Article: Shopify falls after Q3 results
• Negative Sentiment: Cantor Fitzgerald cut its target to $150 from $158 and shifted to a Neutral rating, reinforcing a more guarded near-term outlook. Ticker Report article

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.