Shopify Inc. (NASDAQ:SHOP) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Shopify an average rating of "Moderate Buy" from 44 firms (31 buys, 10 holds, 3 strong buys) with an average 1‑year target of $162.70.
• Recent positive catalysts include RBC’s Outperform/$170 call and Shopify building a Qwen3‑32B agent for store automations that the company says could be ~68% cheaper, potentially expanding merchant margins and lowering churn.
• Shopify trades below its 200‑day average (opened at $124.23), has a market cap of $162.01 billion and a high valuation (PE ~133.58); institutional investors own ~69.27% of the stock with several funds recently increasing positions.

Shares of Shopify Inc. (NASDAQ:SHOP - Get Free Report) TSE: SHOP have earned an average rating of "Moderate Buy" from the forty-four ratings firms that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $162.7027.

SHOP has been the subject of several research analyst reports. Moffett Nathanson upgraded Shopify from a "neutral" rating to a "buy" rating and set a $150.00 price objective for the company in a research report on Monday, February 9th. Wells Fargo & Company dropped their price target on Shopify from $191.00 to $166.00 and set an "overweight" rating for the company in a research report on Monday, April 6th. Phillip Securities upgraded Shopify from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. Needham & Company LLC restated a "buy" rating and issued a $180.00 price target on shares of Shopify in a research report on Thursday, February 12th. Finally, Scotiabank upgraded Shopify from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $165.00 to $200.00 in a research report on Thursday, January 8th.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: RBC Capital reaffirmed an Outperform rating and $170 price target, citing stronger US e‑commerce data and continued growth visibility — a clear analyst endorsement that supports upside. RBC Keeps Outperform on Shopify
• Positive Sentiment: Shopify is developing a Qwen3‑32B agent to drive store automations at materially lower cost (~68% cheaper), which could expand merchant margins and lower churn if broadly adopted. Shopify Builds Qwen3‑32B Agent
• Positive Sentiment: Bullish research and commentary (Seeking Alpha, Yahoo pieces) argue Shopify still has “explosive upside” if it sustains 30%+ revenue growth, hits $100B+ GMV, and monetizes AI/agentic commerce — these narratives underpin higher medium‑term targets. Shopify Preview: Expensive, But Not Overhyped
• Positive Sentiment: Coverage highlighting Shopify as a rebound play alongside peers reinforces rotation narratives into e‑commerce/consumer tech names, which can attract relative‑value flows when market sentiment turns. Analysts Spotlight Shopify as Rebound Play
• Neutral Sentiment: Third‑party ecosystem news (Smart Sellers Academy expanding to Shopify/TikTok Shop) highlights continued platform demand and partner integrations, supportive to merchant growth but indirectly impactful to SHOP’s revenue. Smart Sellers Academy Launches Multi‑Channel Expansion
• Neutral Sentiment: Multiple how‑to articles (Shopify Plus automation tips; conversion optimization pieces) signal continued interest from merchants and marketing tailwinds, but are largely educational rather than company‑moving. Shopify Plus Automation Tips
• Negative Sentiment: Short‑term price weakness and below‑average intraday volume have been reported, with coverage noting a modest dip in recent sessions — this can prompt short‑term selling and keep volatility elevated. Shopify Stock Dips While Market Gains

Shopify Price Performance

Shopify stock opened at $124.23 on Tuesday. The business has a 50 day simple moving average of $122.38 and a 200-day simple moving average of $142.65. The stock has a market capitalization of $162.01 billion, a PE ratio of 133.58, a price-to-earnings-growth ratio of 4.47 and a beta of 2.82. Shopify has a 12 month low of $88.14 and a 12 month high of $182.19.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SHOP. Brighton Jones LLC increased its position in shares of Shopify by 2.8% in the fourth 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 in the last quarter. AQR Capital Management LLC increased its position in shares of Shopify by 107.3% in the first quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker's stock valued at $1,392,000 after buying an additional 7,544 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Shopify by 6.6% in the second quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker's stock valued at $945,000 after buying an additional 506 shares in the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of Shopify during the second quarter valued at $53,000. Finally, Main Street Financial Solutions LLC boosted its stake in shares of Shopify by 15.3% during the second quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker's stock valued at $1,284,000 after acquiring an additional 1,479 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company's stock.

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.

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