Shopify (NASDAQ:SHOP) Stock Price Target Lowered at Rosenblatt Securities

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its price objective reduced by analysts at Rosenblatt Securities from $186.00 to $180.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Rosenblatt Securities‘s target price indicates a potential upside of 26.25% from the stock’s previous close.

A number of other brokerages also recently issued reports on SHOP. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Shopify from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 6th. DA Davidson set a $180.00 price objective on Shopify in a research report on Tuesday. Oppenheimer reaffirmed an “outperform” rating and issued a $205.00 target price (up from $175.00) on shares of Shopify in a report on Friday, October 23rd. Morgan Stanley downgraded Shopify from an “overweight” rating to a “buy” rating in a research report on Monday, July 13th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Shopify in a research note on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.49.

Shopify Stock Down 8.7%

NASDAQ SHOP opened at $142.57 on Wednesday. Shopify has a 12 month low of $94.00 and a 12 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 stock has a market cap of $183.44 billion, a PE ratio of 96.33, a P/E/G ratio of 3.23 and a beta of 2.65. The stock’s 50 day moving average is $152.77 and its 200 day moving average is $130.13.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data 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. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The business had revenue of $3.74 billion during the quarter. During the same period last year, the business earned $0.34 earnings per share. The company’s quarterly revenue was up 31.6% compared to the same quarter last year. Research analysts predict that Shopify will post 1.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Swiss National Bank raised its position in Shopify by 27.0% during the first quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock valued at $487,580,000 after purchasing an additional 876,100 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Shopify in the 3rd quarter valued at approximately $102,751,000. The Manufacturers Life Insurance Company boosted its holdings 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 worth $998,137,000 after purchasing an additional 660,198 shares during the period. Bank of Nova Scotia boosted its holdings in shares of Shopify by 24.2% in the 1st 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 during the period. Finally, Nykredit A S purchased a new position in shares of Shopify in the 2nd quarter worth approximately $41,959,000. Institutional investors own 69.27% of the company’s stock.

Shopify News Summary

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

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.