Shopify (NASDAQ:SHOP) Given New $160.00 Price Target at Citizens Jmp

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its price target cut by Citizens Jmp from $200.00 to $160.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a market outperform rating on the software maker’s stock.

Several other research firms have also weighed in on SHOP. BNP Paribas Exane began coverage on shares of Shopify in a report on Monday, November 24th. They issued a “neutral” rating on the stock. Atb Cormark Cm raised Shopify from a “hold” rating to a “moderate buy” rating in a research note on Tuesday. Robert W. Baird set a $160.00 target price on Shopify in a report on Thursday. Wolfe Research raised Shopify from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 6th. Finally, Royal Bank Of Canada set a $200.00 price target on Shopify and gave the stock an “outperform” rating in a research report on Monday, January 26th. Thirty-one analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.58.

Shopify Price Performance

Shares of NASDAQ:SHOP opened at $110.66 on Thursday. The firm’s 50 day simple moving average is $151.28 and its 200 day simple moving average is $150.74. Shopify has a fifty-two week low of $69.84 and a fifty-two week high of $182.19. The company has a market capitalization of $144.06 billion, a price-to-earnings ratio of 118.99, a P/E/G ratio of 3.50 and a beta of 2.83.

Institutional Investors Weigh In On Shopify

Hedge funds have recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC bought a new position in shares of Shopify in the third quarter valued at approximately $4,110,000. Principal Financial Group Inc. raised its position in Shopify by 16.3% in the 3rd quarter. Principal Financial Group Inc. now owns 450,895 shares of the software maker’s stock valued at $67,006,000 after buying an additional 63,300 shares during the last quarter. Triton Financial Group Inc bought a new position in Shopify during the 3rd quarter valued at $1,931,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in Shopify by 4.4% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,231,257 shares of the software maker’s stock valued at $603,425,000 after acquiring an additional 218,829 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Shopify by 65.5% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 158,514 shares of the software maker’s stock worth $23,557,000 after acquiring an additional 62,743 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Company beat revenue expectations with Q4 revenue up ~31%, strong GMV and Merchant Solutions growth, guided Q1 revenue above Street estimates and authorized a $2 billion buyback — supportive for cash generation and long‑term outlook. Shopify press release
• Positive Sentiment: Analyst upgrade: TD Securities raised Shopify from Hold to Buy with a $159 target, adding upward analyst pressure after the print. TD Securities upgrade
• Positive Sentiment: Needham reaffirmed a Buy with a $180 target, highlighting continued bullish institutional views despite recent volatility. Needham note
• Neutral Sentiment: Analysts and commentary note Shopify’s AI investments are expanding product monetization and improving cash flow, but the company trades at a premium vs. peers — mixed implication for near‑term multiples. Zacks analysis
• Neutral Sentiment: Management’s guidance called for continued high‑single to low‑30% revenue growth in Q1 — above consensus and a positive signal for growth trajectory, but it comes with planned higher operating spend. Reuters: guidance
• Negative Sentiment: Q4 EPS missed estimates (reported ~$0.46–$0.48 vs. ~$0.50 consensus) — investors focused on the earnings miss and margin pressure despite the revenue beat, triggering a post‑earnings selloff. Zacks earnings report
• Negative Sentiment: Several firms trimmed price targets today (UBS to $145 neutral rating; Wedbush/Citizens lowered to ~$160; Truist cut to $110), signaling analyst uncertainty on valuation and near‑term catalysts. Benzinga: analyst moves
• Negative Sentiment: Commentary raises risks around the buyback execution, short‑term volatility and margin mix (Merchant Solutions growth compressing gross margins), which could keep the stock under pressure until clarity on margins and buyback cadence. TipRanks buyback risk

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.