Shopify (NASDAQ:SHOP) Receives Outperform Rating from Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Shopify (NASDAQ:SHOP) (TSE:SHOP) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has a $200.00 price objective on the software maker’s stock.

Several other equities research analysts have also recently commented on SHOP. DZ Bank raised Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Benchmark restated a “buy” rating on shares of Shopify in a report on Wednesday, December 3rd. Stifel Nicolaus set a $175.00 price objective on shares of Shopify in a research note on Tuesday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of Shopify from $179.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, TD Securities raised shares of Shopify to a “hold” rating in a research note on Thursday, December 4th. Twenty-three research analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Shopify has a consensus rating of “Moderate Buy” and an average target price of $169.14.

Shopify Stock Performance

Shopify stock opened at $166.74 on Wednesday. The firm has a market cap of $217.07 billion, a price-to-earnings ratio of 123.51, a PEG ratio of 5.00 and a beta of 2.83. Shopify has a 52-week low of $69.84 and a 52-week high of $182.19. The firm has a 50 day moving average price of $160.31 and a two-hundred day moving average price of $147.14.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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. As a group, equities research analysts predict that Shopify will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Shopify

Several large investors have recently made changes to their positions in SHOP. Brighton Jones LLC lifted its holdings in Shopify by 2.8% during the fourth quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after purchasing an additional 584 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Shopify by 107.3% in the first quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock valued at $1,392,000 after purchasing an additional 7,544 shares during the period. Ascent Group LLC purchased a new stake in shares of Shopify during the 1st quarter valued at approximately $513,000. SCS Capital Management LLC bought a new position in Shopify in the 1st quarter worth approximately $1,101,000. Finally, SageView Advisory Group LLC grew its stake in Shopify by 52.3% in the 1st quarter. SageView Advisory Group LLC now owns 4,840 shares of the software maker’s stock valued at $462,000 after buying an additional 1,662 shares in the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: RBC reiterated an “outperform” rating and set a $200 price target (about a 20% upside), reinforcing bullish analyst conviction and offering upside for investors. RBC Reiterates Outperform
• Positive Sentiment: Wolfe Research reported an upgrade from “hold” to “outperform” in recent coverage, adding to the string of bullish analyst moves that support near-term momentum. Wolfe Upgrade Coverage
• Positive Sentiment: iDenfy launched an automated ID-verification app targeting high‑risk Shopify orders — a product-level win that can reduce fraud for merchants and improve trust in the platform. iDenfy App Launch
• Neutral Sentiment: MarketWatch notes the stock fell today but still outperformed the broader market, highlighting relative strength despite the pullback. MarketWatch Coverage
• Neutral Sentiment: Several pieces (Yahoo/Finance, MSN, Zacks) are reassessing Shopify’s valuation and momentum, providing balanced analysis on whether recent gains are sustainable — these drive investor debate but not immediate directional pressure. Valuation Assessment
• Negative Sentiment: Swap, a competitor in the merchant/checkout space, raised $100M (on top of a $40M round six months earlier), signaling increased competition and fresh capital that could pressure Shopify’s SMB and payments businesses. Swap Funding
• Negative Sentiment: Wall Street coverage includes at least one downgrade/coverage change (CoreWeave initiated and Shopify mentioned in a negative context) and separate reports that Wolfe viewed shares as fully valued — these negative takes contribute to selling pressure and volatility. CoreWeave Initiation / Downgrade

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.