Shopify (NASDAQ:SHOP) Price Target Raised to $145.00

Key Points

• Cantor Fitzgerald raised Shopify’s price target to $145 from $127 but maintained a “neutral” rating, implying only about 0.5% upside from the $144.24 share price. The analyst consensus remains “Moderate Buy,” with an average target of $162.58.
• Shopify reported quarterly EPS of $0.42, exceeding the $0.40 consensus estimate, while revenue increased 33.7% year over year to $3.58 billion. Analysts expect the company to post approximately $1.40 in EPS for the current year.
• Institutional investors own 69.27% of Shopify’s stock, with several funds recently initiating or increasing positions.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP had its price objective increased by investment analysts at Cantor Fitzgerald from $127.00 to $145.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the software maker's stock. Cantor Fitzgerald's price objective indicates a potential upside of 0.53% from the company's current price.

SHOP has been the topic of a number of other research reports. Bank of America began coverage on Shopify in a research report on Tuesday, July 7th. They set a "buy" rating and a $150.00 price objective on the stock. Wells Fargo & Company reduced their price target on Shopify from $166.00 to $144.00 and set an "overweight" rating on the stock in a report on Wednesday, May 6th. BMO Capital Markets started coverage on shares of Shopify in a research report on Friday, July 10th. They set a "market perform" rating on the stock. Oppenheimer reissued an "outperform" rating and issued a $175.00 price objective on shares of Shopify in a report on Wednesday, May 6th. Finally, Citizens Jmp cut their price objective on shares of Shopify from $160.00 to $150.00 and set a "market outperform" rating for the company in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $162.58.

Shopify Trading Up 17.0%

NASDAQ:SHOP opened at $144.24 on Thursday. The company's 50-day moving average price is $117.98 and its 200-day moving average price is $119.65. The company has a market cap of $187.17 billion, a P/E ratio of 142.81, a P/E/G ratio of 2.66 and a beta of 2.58. Shopify has a twelve month low of $94.00 and a twelve month high of $182.19.

Shopify (NASDAQ:SHOP - Get Free Report) 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 10.77% and a return on equity of 12.07%. The company had revenue of $3.58 billion during the quarter. During the same period in the prior year, the company posted $0.69 EPS. The firm's revenue was up 33.7% on a year-over-year basis. On average, analysts expect that Shopify will post 1.4 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kingdom Financial Group LLC. acquired a new stake in Shopify during the 4th quarter worth approximately $26,000. Curio Wealth LLC acquired a new stake in shares of Shopify in the fourth quarter valued at $27,000. Evolution Wealth Management Inc. raised its stake in shares of Shopify by 203.9% in the first quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker's stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Graney & King LLC purchased a new position in Shopify in the first quarter valued at $27,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Shopify in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 69.27% of the company's stock.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Broad-based Q2 growth exceeded expectations. Revenue rose 33.7% year over year to $3.58 billion, while adjusted EPS of $0.42 topped the roughly $0.40 consensus estimate. Gross merchandise volume, gross profit and free cash flow also grew more than 30%, and free-cash-flow margin reached 18%. Shopify Delivers Big: 30%+ Growth Across GMV, Revenue, Gross Profit and Free Cash Flow
• Positive Sentiment: Q3 guidance was above Wall Street forecasts. Shopify projected revenue of approximately $3.7 billion to $3.8 billion, implying growth in the low 30% range and exceeding the consensus estimate of about $3.6 billion. The outlook eased concerns that AI competition could slow merchant additions or pressure growth. Shopify expects Q3 revenue growth in the low 30s as it expands agentic commerce infrastructure
• Positive Sentiment: AI is generating additional traffic and orders. Shopify said referrals from AI platforms including ChatGPT and Gemini, along with orders originating from those channels, tripled year over year in Q2. Management described AI as expanding entrepreneurial access and positioning Shopify as infrastructure for agentic commerce. Shopify executive says AI is ushering in a golden age of entrepreneurship
• Positive Sentiment: Both major business segments contributed. Subscription solutions and merchant services helped drive the profit increase, suggesting growth is not dependent on a single product line. Shopify Profit Jumps as Subscriptions, Merchant Services Boost Revenues

Shopify Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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