Shopify (NASDAQ:SHOP) Price Target Cut to $150.00 by Analysts at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald cut Shopify’s price target from $158 to $150 and maintained a neutral rating, implying about 5.2% upside from the share price at the time.
• Analyst sentiment overall remained more positive: MarketBeat reported a “Moderate Buy” consensus and an average price target of $178.49.
• Shopify beat Q3 EPS estimates, but shares fell 8.7% as investors focused on GMV coming in slightly below expectations and other reported revenue shortfalls.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP had its target price lowered by stock analysts at Cantor Fitzgerald from $158.00 to $150.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the software maker's stock. Cantor Fitzgerald's target price would suggest a potential upside of 5.21% from the stock's current price.

SHOP has been the topic of a number of other reports. Benchmark increased their price objective on shares of Shopify from $145.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Rothschild & Co Redburn set a $130.00 target price on shares of Shopify and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. BTIG Research began coverage on shares of Shopify in a research report on Friday, July 10th. They set a "buy" rating for the company. Canaccord Genuity Group set a $180.00 price target on shares of Shopify and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, Wedbush reiterated an "outperform" rating and issued a $176.00 price target on shares of Shopify in a research report on Wednesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $178.49.

Shopify Trading Down 8.7%

Shares of SHOP opened at $142.57 on Wednesday. Shopify has a twelve month low of $94.00 and a twelve month high of $180.88. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $183.44 billion, a P/E ratio of 96.33, a PEG ratio of 3.23 and a beta of 2.65. The firm's 50-day moving average is $152.77 and its two-hundred day moving average is $130.13.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last posted its quarterly earnings results on Tuesday, November 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.16. The company 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%. Shopify's revenue was up 31.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 earnings per share. On average, research analysts predict that Shopify will post 1.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shopify

Institutional investors and hedge funds have recently modified their holdings of the stock. Almanack Investment Partners LLC. bought a new position in Shopify during the 3rd quarter valued at $215,000. M Holdings Securities Inc. acquired a new stake in shares of Shopify during the 3rd quarter valued at $217,000. Avantax Planning Partners Inc. boosted its stake in shares of Shopify by 9.0% during the 3rd quarter. Avantax Planning Partners Inc. now owns 2,427 shares of the software maker's stock worth $360,000 after acquiring an additional 201 shares in the last quarter. Richard Young Associates Ltd. acquired a new position in shares of Shopify in the 3rd quarter worth $237,000. Finally, Ethic Inc. grew its holdings in shares of Shopify by 35.2% in the 3rd quarter. Ethic Inc. now owns 25,702 shares of the software maker's stock worth $3,812,000 after acquiring an additional 6,698 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 of about $3.7 billion, up 32% year over year, and earnings per share of $0.49, above analyst estimates. Operating income rose 66%, and free cash flow increased 61% to $816 million. Shopify Stock Fell After Its Report. Here's the Price I'd Pay for It.
• Positive Sentiment: Management highlighted momentum in AI-enabled commerce: AI traffic was up 2.6 times, while Shop Pay gross merchandise volume grew 50%. The company’s Q4 outlook was also described as upbeat. Shopify Q3 2026 Earnings Call Highlights
• Positive Sentiment: ARK Invest bought Shopify shares after the post-earnings sell-off, and Jefferies encouraged investors to buy on weakness—providing some support for the bullish view. ARK Invest Buys Shopify Shares After Sell-Off
• Negative Sentiment: The main trigger for the decline was Q3 GMV of $119.1 billion, slightly below expectations, alongside misses in subscription revenue and, in some reports, total revenue. Investors appear to have treated these shortfalls as more important than the earnings beat. Shopify Falls After Q3 Revenue and Merchandise Volume Miss Estimates
• Negative Sentiment: Gross profit grew more slowly than revenue, and higher AI computing and pre-holiday infrastructure costs may weigh on margins. That has added to concern that growth and profitability may not match the expectations embedded in Shopify’s valuation. Shopify Sinks as Q3 Falls Short of Lofty Expectations

Shopify Company Profile

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.

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