Shopify (NASDAQ:SHOP) Given a $155.00 Price Target by National Bank Financial Analysts

Shopify (NASDAQ:SHOP) (TSE:SHOP) has been assigned a $155.00 target price by investment analysts at National Bank Financial in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the software maker’s stock. National Bank Financial’s price target suggests a potential upside of 25.99% from the company’s previous close.

Several other research analysts have also issued reports on the company. Stifel Nicolaus set a $150.00 target price on Shopify and gave the stock a “buy” rating in a research report on Thursday, July 9th. Barclays set a $126.00 price target on Shopify and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. UBS Group restated a “neutral” rating on shares of Shopify in a research report on Thursday, May 28th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Shopify in a research note on Monday. Finally, Citizens Jmp cut their price objective on Shopify from $160.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.86.

Shopify Stock Performance

Shares of NASDAQ:SHOP opened at $123.03 on Monday. Shopify has a 52 week low of $94.00 and a 52 week high of $182.19. The firm has a market cap of $159.65 billion, a PE ratio of 121.81, a price-to-earnings-growth ratio of 2.70 and a beta of 2.58. The firm’s fifty day moving average is $113.37 and its 200-day moving average is $122.81.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SHOP. Northside Capital Management LLC bought a new stake in shares of Shopify during the 2nd quarter valued at about $781,000. Canvas Wealth Advisors LLC increased its holdings in Shopify by 1.1% in the second quarter. Canvas Wealth Advisors LLC now owns 8,356 shares of the software maker’s stock worth $954,000 after purchasing an additional 93 shares in the last quarter. Fiduciary Financial Group LLC acquired a new position in Shopify in the second quarter valued at approximately $200,000. Doliver Advisors LP boosted its holdings in shares of Shopify by 13.3% during the 2nd quarter. Doliver Advisors LP now owns 11,158 shares of the software maker’s stock worth $1,274,000 after buying an additional 1,310 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Shopify by 387.2% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 19,347 shares of the software maker’s stock worth $2,209,000 after buying an additional 15,376 shares in the last quarter. 69.27% of the stock is owned by institutional investors.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify expanded its commerce ecosystem with a new native integration with DoorDash, allowing U.S. brick-and-mortar merchants to sell in-store products on the DoorDash marketplace with synced inventory and streamlined setup. This could support merchant adoption and deepen Shopify’s omnichannel offering. Shopify (SHOP) Opens DoorDash To US Retailers With Direct Selling Integration
• Positive Sentiment: National Bank Financial raised its price target on Shopify to $155 and reiterated an outperform view, signaling continued analyst confidence in the company’s growth outlook. Analyst rating update
• Positive Sentiment: Unusually heavy call-option buying suggests some traders are positioning for further upside in SHOP ahead of potential catalysts. Options activity report
• Positive Sentiment: Morgan Stanley said sentiment on software stocks has become “too negative,” implying Shopify could rebound if investors rotate back into high-quality software names. Morgan Stanley software stock commentary
• Neutral Sentiment: Shopify remains one of Zacks’ most watched stocks and was highlighted as a long-term idea, but these pieces are mostly visibility/attention items rather than fresh fundamental news. Shopify is Attracting Investor Attention Why Shopify is a Top Stock for the Long-Term
• Negative Sentiment: The stock traded lower in the latest session, reflecting ongoing pressure even as the broader market moved higher. Shopify Stock Sinks As Market Gains

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.