Shopify Inc. (NASDAQ:SHOP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) have earned an average recommendation of “Moderate Buy” from the forty-five brokerages that are presently covering the firm, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation, thirty-one have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $157.0278.

Several analysts have commented on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price target on shares of Shopify in a report on Wednesday, May 6th. Weiss Ratings lowered shares of Shopify from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Stifel Nicolaus set a $150.00 target price on shares of Shopify and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird set a $150.00 target price on shares of Shopify in a report on Wednesday, May 6th. Finally, Bank of America began coverage on shares of Shopify in a research report on Tuesday, July 7th. They set a “buy” rating and a $150.00 price target for the company.

Institutional Trading of Shopify

Several institutional investors have recently made changes to their positions in the stock. M&T Bank Corp grew its stake in Shopify by 37.1% in the 4th quarter. M&T Bank Corp now owns 81,082 shares of the software maker’s stock valued at $13,051,000 after buying an additional 21,945 shares during the last quarter. Triasima Portfolio Management inc. boosted its holdings in Shopify by 11.0% during the fourth quarter. Triasima Portfolio Management inc. now owns 182,338 shares of the software maker’s stock valued at $29,398,000 after acquiring an additional 18,028 shares during the period. Assetmark Inc. boosted its holdings in Shopify by 6.7% during the fourth quarter. Assetmark Inc. now owns 213,583 shares of the software maker’s stock valued at $34,380,000 after acquiring an additional 13,415 shares during the period. SG Americas Securities LLC grew its position in shares of Shopify by 286.6% in the fourth quarter. SG Americas Securities LLC now owns 508,723 shares of the software maker’s stock valued at $81,889,000 after purchasing an additional 377,129 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Shopify by 12.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 526,114 shares of the software maker’s stock valued at $84,689,000 after purchasing an additional 59,745 shares during the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Bank of America said Shopify is a major AI winner, reinforcing the view that the company could benefit as merchants adopt AI tools to improve sales, marketing, and checkout performance. Bank of America argues Shopify is a major AI winner
• Positive Sentiment: Zacks upgraded Shopify from hold to strong-buy, and other research notes highlighted earnings growth and price strength, adding to bullish sentiment around the stock. Earnings Growth & Price Strength Make Shopify (SHOP) a Stock to Watch
• Neutral Sentiment: Shopify is also showing up on trending-stock lists and analyst-call roundups, suggesting elevated investor attention, but these items are more about visibility than a direct business catalyst. Shopify Inc. (SHOP) Is a Trending Stock
• Neutral Sentiment: Investors are also watching for Shopify’s Q2 2026 results on August 5, which could become a bigger driver once earnings are closer. This Week In E-Commerce – Shopify’s Q2 2026 Financial Results Announcement Insights
• Negative Sentiment: Shopify remains a richly valued stock, with several recent articles questioning whether the current price is hard to justify, which may limit upside and keep volatility high. Shopify: Great Company, Impossible Valuation
• Negative Sentiment: There was also recent weakness in the broader tech market, and Shopify had already declined in a prior session, showing that macro pressure and high valuation can still weigh on the shares. HubSpot, Q2 Holdings, and Shopify Shares Plummet, What You Need To Know

Shopify Stock Performance

Shopify stock traded down $0.63 during trading on Friday, hitting $122.54. The company’s stock had a trading volume of 5,472,989 shares, compared to its average volume of 7,931,916. The stock’s fifty day moving average is $111.12 and its 200 day moving average is $125.24. Shopify has a 1-year low of $94.00 and a 1-year high of $182.19. The stock has a market capitalization of $159.01 billion, a price-to-earnings ratio of 121.33, a P/E/G ratio of 2.66 and a beta of 2.58.

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.