Shopify (NASDAQ:SHOP) Raised to “Buy” at TD Securities

Shopify (NASDAQ:SHOP) (TSE:SHOP) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Thursday, Marketbeat Ratings reports. The firm currently has a $159.00 price objective on the software maker’s stock. TD Securities’ target price would suggest a potential upside of 41.08% from the company’s current price.

Several other research analysts have also recently commented on SHOP. Wells Fargo & Company set a $191.00 target price on Shopify and gave the stock an “overweight” rating in a research report on Thursday. BNP Paribas Exane initiated coverage on shares of Shopify in a research note on Monday, November 24th. They issued a “neutral” rating for the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Shopify in a research report on Wednesday, November 5th. Bank of America upped their target price on shares of Shopify from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Finally, DZ Bank raised shares of Shopify from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Thirty-one equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, Shopify presently has an average rating of “Moderate Buy” and a consensus target price of $161.97.

Shopify Stock Up 1.8%

Shares of SHOP opened at $112.70 on Thursday. Shopify has a 12-month low of $69.84 and a 12-month high of $182.19. The firm has a market capitalization of $146.72 billion, a price-to-earnings ratio of 121.18, a P/E/G ratio of 3.26 and a beta of 2.83. The stock’s 50-day moving average price is $150.31 and its 200 day moving average price is $150.64.

Hedge Funds Weigh In On Shopify

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its position in Shopify by 2.8% in the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after purchasing an additional 584 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Shopify by 107.3% in the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock valued at $1,392,000 after buying an additional 7,544 shares during the period. Sivia Capital Partners LLC raised its position in shares of Shopify by 6.6% during the second quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after acquiring an additional 506 shares during the last quarter. CWM LLC raised its position in shares of Shopify by 22.8% during the second quarter. CWM LLC now owns 15,840 shares of the software maker’s stock worth $1,827,000 after acquiring an additional 2,939 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of Shopify by 8.7% during the second quarter. Yousif Capital Management LLC now owns 15,114 shares of the software maker’s stock valued at $1,743,000 after acquiring an additional 1,215 shares during the period. 69.27% of the stock is owned by institutional investors.

Shopify News Summary

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

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.