Shopify Inc. (NASDAQ:SHOP) Receives Consensus Rating of “Hold” from Brokerages

Shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) have received an average recommendation of “Hold” from the forty-five ratings firms that are covering the stock, Marketbeat Ratings reports. Twenty-three research analysts have rated the stock with a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $165.6944.

A number of equities research analysts recently commented on SHOP shares. Scotiabank boosted their target price on Shopify from $150.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada lifted their price objective on Shopify from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. CIBC reaffirmed an “outperform” rating on shares of Shopify in a report on Wednesday, November 5th. Oppenheimer reiterated an “outperform” rating and set a $200.00 target price (up from $180.00) on shares of Shopify in a research report on Tuesday, October 28th. Finally, TD Securities boosted their price target on shares of Shopify from $130.00 to $156.00 and gave the stock a “hold” rating in a research report on Friday, October 3rd.

Shopify Stock Performance

Shares of NASDAQ:SHOP opened at $158.64 on Friday. The firm has a market cap of $206.52 billion, a price-to-earnings ratio of 117.51, a P/E/G ratio of 5.89 and a beta of 2.73. The firm has a fifty day moving average price of $157.48 and a 200 day moving average price of $135.81. Shopify has a fifty-two week low of $69.84 and a fifty-two week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.72%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Shopify will post 1.12 earnings per share for the current year.

Institutional Trading of Shopify

A number of large investors have recently made changes to their positions in the business. Family Legacy Financial Solutions LLC bought a new stake in shares of Shopify during the 2nd quarter worth approximately $25,000. Financial Gravity Companies Inc. purchased a new stake in Shopify in the second quarter worth $27,000. Rothschild Investment LLC increased its stake in Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after purchasing an additional 75 shares during the period. Heartwood Wealth Advisors LLC bought a new position in shares of Shopify in the third quarter worth about $27,000. Finally, Tradewinds Capital Management LLC grew its holdings in shares of Shopify by 71.4% in the second quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after purchasing an additional 100 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.