Wedbush Lowers Shopify (NASDAQ:SHOP) Price Target to $160.00

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its target price dropped by equities researchers at Wedbush from $185.00 to $160.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the software maker’s stock. Wedbush’s target price would suggest a potential upside of 41.97% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Shopify from $179.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. National Bank Financial raised their target price on shares of Shopify from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Benchmark dropped their price target on Shopify from $195.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shopify in a report on Monday, December 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $180.00 price objective on shares of Shopify in a research report on Thursday. Thirty-one analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.97.

Shopify Stock Up 1.8%

Shares of SHOP opened at $112.70 on Thursday. Shopify has a 52-week low of $69.84 and a 52-week high of $182.19. The firm’s fifty day moving average is $150.31 and its two-hundred day moving average is $150.64. The stock has a market cap of $146.72 billion, a PE ratio of 121.18, a price-to-earnings-growth ratio of 3.26 and a beta of 2.83.

Institutional Trading of Shopify

Several institutional investors have recently added to or reduced their stakes in SHOP. Vanguard Group Inc. lifted its stake in Shopify by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock worth $8,158,643,000 after purchasing an additional 743,803 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Shopify by 64.3% in the 3rd quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock valued at $2,812,211,000 after buying an additional 7,403,821 shares during the period. Norges Bank acquired a new position in Shopify during the 4th quarter worth about $2,611,797,000. Loomis Sayles & Co. L P lifted its stake in Shopify by 1.3% during the 2nd quarter. Loomis Sayles & Co. L P now owns 14,622,787 shares of the software maker’s stock worth $1,686,738,000 after acquiring an additional 191,824 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Shopify by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock valued at $2,043,365,000 after acquiring an additional 737,892 shares during the period. Institutional investors and hedge funds 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 strong Q4 revenue and profitability metrics—revenue grew ~31% YoY to $3.67B and EPS topped estimates—supporting bullish takeaways on merchant growth and cash generation. Q4/Profitable SaaS Article
• Positive Sentiment: Analysts have moved more positive: Mizuho upgraded SHOP to “outperform” with a $150 PT, TD Securities raised to “buy” with a $159 PT, and Needham reaffirmed a $180 target—these upgrades are driving buy-side interest. Mizuho Upgrade
• Positive Sentiment: Shopify’s commerce tooling is being integrated into major AI platforms (e.g., ChatGPT/Gemini), reinforcing long‑term revenue/engagement narratives tied to AI-enabled merchant services. AI Integration Article
• Neutral Sentiment: Loomis Sayles highlighted high‑quality, long‑growth companies including Shopify in its investor letter—positive signal for institutional interest but not an immediate catalyst. Loomis Sayles Letter
• Neutral Sentiment: Shopify announced a $2 billion buyback authorization; while buybacks can support the stock, analysts and investors are flagging execution risk and potential cash/volatility implications. Buyback Analysis
• Negative Sentiment: Several firms trimmed price targets (UBS to $145, Benchmark to $145, Wedbush/Citizens JMP trimmed targets), and Truist cut to a $110 target—these downgrades/target cuts introduce selling pressure and mixed sentiment among analysts. Price Target Moves Benchmark Cut
• Negative Sentiment: Despite revenue strength, some coverage highlighted margin strain from AI investment and mixed earnings reactions; the post‑earnings pullback reflected investor concerns about valuation and near‑term profitability. Margin Strain Article Post-Earnings Reaction

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.