Shopify (NASDAQ:SHOP) Given New $145.00 Price Target at Benchmark

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its price target decreased by Benchmark from $195.00 to $145.00 in a research report released on Tuesday,Benzinga reports. Benchmark currently has a buy rating on the software maker’s stock.

SHOP has been the topic of a number of other research reports. UBS Group set a $195.00 price objective on Shopify in a research report on Wednesday, December 3rd. KeyCorp upped their target price on Shopify from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Royal Bank Of Canada set a $200.00 price target on Shopify and gave the company an “outperform” rating in a research report on Monday, January 26th. Moffett Nathanson upgraded shares of Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Monday. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $198.00 target price (up from $125.00) on shares of Shopify in a research note on Wednesday, December 17th. Twenty-seven equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat.com, Shopify has a consensus rating of “Moderate Buy” and a consensus target price of $170.21.

Shopify Trading Up 7.5%

Shopify stock opened at $127.24 on Tuesday. Shopify has a 1-year low of $69.84 and a 1-year high of $182.19. The firm has a market capitalization of $165.65 billion, a PE ratio of 94.25, a price-to-earnings-growth ratio of 3.49 and a beta of 2.83. The firm’s 50 day simple moving average is $153.14 and its 200 day simple moving average is $151.25.

Hedge Funds Weigh In On Shopify

A number of large investors have recently added to or reduced their stakes in SHOP. Kingdom Financial Group LLC. purchased a new position in shares of Shopify in the fourth quarter worth about $26,000. Financial Gravity Companies Inc. purchased a new position in Shopify in the 2nd quarter worth approximately $27,000. Rothschild Investment LLC lifted its position in Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Heartwood Wealth Advisors LLC bought a new stake in Shopify in the third quarter valued at approximately $27,000. Finally, Tradewinds Capital Management LLC boosted its stake in shares of Shopify by 71.4% during the second quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Large drop in short interest — Short interest fell ~27% in January to about 8.6M shares (short-interest ratio ~0.8 days), reducing immediate short‑selling pressure and removing a potential headwind for the stock.
• Positive Sentiment: Analysts and commentators turning upbeat on AI benefits — A MoffettNathanson analyst and other coverage argue AI is more likely to help Shopify’s merchant platform than hurt it, supporting bullish positioning ahead of earnings. Shopify’s stock soars ahead of earnings. Why this analyst is newly upbeat.
• Positive Sentiment: Product wins and AI personalization stories — Coverage highlights new merchant wins (e.g., Swanson Health subscriptions) and Shopify’s AI personalization tools, which support revenue/GMV momentum and monetization of merchant solutions. Shopify Powers Swanson Health Subscriptions And AI Personalization For Investors
• Positive Sentiment: Earnings-season optimism / revenue preview — Several previews expect holiday-quarter revenue to be stronger and spotlight AI-driven merchant solutions and international growth as catalysts into the print. Shopify Revenue Seen Higher in Key Holiday 4Q — Earnings Preview
• Positive Sentiment: Upgrade/positive sentiment pieces lifting momentum — Recent upgrades and bullish write-ups have amplified buying interest and momentum into the earnings release. Shopify (SHOP) Stock Soars 8.7% After Upgrade and Positive Sentiment
• Neutral Sentiment: Price-target trims from brokers — Benchmark and BMO cut their price targets (Benchmark: $195→$145; BMO: $190→$150) but kept buy/outperform stances, which narrows visible upside while still signaling conviction in the business. Benchmark price-target note (Benzinga) BMO price-target note (BayStreet)
• Negative Sentiment: Bear-market commentary — Some pieces argue Shopify remains stuck in a broader downtrend and will need strong earnings execution and sustained monetization to confirm a durable turnaround. Shopify stock is stuck in a bear market: will it rebound after earnings?

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.