Shopify Inc. (NASDAQ:SHOP) Given Average Rating of “Moderate Buy” by Analysts

Shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) have earned an average rating of “Moderate Buy” from the forty-three brokerages that are currently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $157.1667.

Several research firms recently weighed in on SHOP. Jefferies Financial Group reaffirmed a “hold” rating and set a $140.00 target price (down from $150.00) on shares of Shopify in a research note on Tuesday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price target on shares of Shopify in a research note on Wednesday, May 6th. UBS Group reissued a “neutral” rating on shares of Shopify in a report on Thursday, May 28th. Wells Fargo & Company cut their price objective on Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Barclays set a $126.00 target price on Shopify and gave the stock an “equal weight” rating in a report on Wednesday, May 6th.

Institutional Trading of Shopify

Large investors have recently added to or reduced their stakes in the company. Rathbones Group PLC raised its holdings in shares of Shopify by 7.8% during the 1st quarter. Rathbones Group PLC now owns 1,510,859 shares of the software maker’s stock worth $179,217,000 after acquiring an additional 109,078 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of Shopify by 6.1% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 12,967 shares of the software maker’s stock valued at $1,538,000 after purchasing an additional 743 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Shopify by 8.0% in the first quarter. Parallel Advisors LLC now owns 25,763 shares of the software maker’s stock valued at $3,056,000 after purchasing an additional 1,910 shares in the last quarter. NewEdge Advisors LLC increased its position in Shopify by 1.7% in the first quarter. NewEdge Advisors LLC now owns 88,957 shares of the software maker’s stock worth $10,552,000 after purchasing an additional 1,475 shares during the last quarter. Finally, Caerus Investment Advisors LLC raised its stake in Shopify by 5.6% during the first quarter. Caerus Investment Advisors LLC now owns 1,688 shares of the software maker’s stock valued at $200,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

Shopify Trading Up 0.7%

NASDAQ SHOP opened at $113.23 on Wednesday. Shopify has a 12 month low of $94.00 and a 12 month high of $182.19. The stock has a market cap of $146.93 billion, a PE ratio of 112.11, a P/E/G ratio of 3.15 and a beta of 2.60. The stock’s 50 day moving average is $113.77 and its 200 day moving average is $130.80.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $998.78. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. On average, analysts forecast that Shopify will post 1.36 EPS for the current fiscal year.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify said its board authorized an additional $3 billion share repurchase, lifting the total buyback authorization to $5 billion. That signals confidence in the company’s cash generation and can support the stock by reducing share count. Is Shopify (SHOP) One of the Best Tech Stocks to Invest In on the Dip?
• Positive Sentiment: Analysts and media coverage continue to highlight Shopify’s AI retail infrastructure potential, with the company using AI tools, commerce data, and shopping-channel integrations to position itself for next-generation retail growth. Is Shopify Building the Future Infrastructure for AI Retail?
• Positive Sentiment: Coverage from Zacks and other outlets notes earnings growth and price strength, reinforcing the view that Shopify remains a stock to watch among momentum investors. Earnings Growth & Price Strength Make Shopify (SHOP) a Stock to Watch
• Neutral Sentiment: At Shopify’s 2026 annual meeting, shareholders elected all director nominees, reappointed PricewaterhouseCoopers as auditor, and approved executive compensation on an advisory basis. The company also said a shareholder proposal for an AI policy was not approved, which removes some governance uncertainty but is unlikely to be a major stock catalyst. Shopify Announces Results of its 2026 Annual Meeting of Shareholders
• Neutral Sentiment: One market commentary put a hold rating on Shopify and suggested limited downside from current levels, reflecting that the stock is still viewed as fairly valued by some observers rather than deeply mispriced. Wall Street Has 38 Buy Ratings on Shopify and One Sell. But We Disagree.
• Negative Sentiment: A shareholder proposal on an AI policy was rejected at the annual meeting, and some coverage has framed this as an ongoing governance issue, though it appears to be a secondary factor versus the buyback and growth narrative. Shopify board fighting shareholder push to create AI policy

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.