Shopify (NASDAQ:SHOP) Upgraded by TD Securities to “Buy” Rating

TD Securities upgraded shares of Shopify (NASDAQ:SHOP) (TSE:SHOP) from a hold rating to a buy rating in a research report report published on Thursday morning,BayStreet.CA reports. They currently have $159.00 price objective on the software maker’s stock.

A number of other equities research analysts also recently commented on SHOP. National Bank Financial increased their price objective on Shopify from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. KeyCorp reaffirmed an “overweight” rating and set a $160.00 target price on shares of Shopify in a research report on Wednesday. TD Cowen upgraded Shopify from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a research report on Wednesday. ATB Capital raised Shopify from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. Finally, Wells Fargo & Company set a $191.00 price objective on Shopify and gave the stock an “overweight” rating in a report on Thursday. Thirty-one equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Shopify presently has an average rating of “Moderate Buy” and an average target price of $162.58.

Shopify Stock Performance

Shares of NASDAQ:SHOP opened at $110.66 on Thursday. The stock has a market capitalization of $144.06 billion, a price-to-earnings ratio of 118.99, a PEG ratio of 3.50 and a beta of 2.83. Shopify has a 1-year low of $69.84 and a 1-year high of $182.19. The company has a 50 day moving average price of $151.28 and a 200 day moving average price of $150.74.

Institutional Trading of Shopify

Institutional investors and hedge funds have recently modified their holdings of the company. Douglass Winthrop Advisors LLC boosted its holdings in shares of Shopify by 1.9% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 18,712 shares of the software maker’s stock worth $3,012,000 after buying an additional 342 shares during the period. Laurel Oak Wealth Management LLC acquired a new position in Shopify during the 4th quarter worth $206,000. Northwest & Ethical Investments L.P. boosted its holdings in Shopify by 24.4% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 238,858 shares of the software maker’s stock valued at $38,606,000 after acquiring an additional 46,838 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in Shopify by 14.2% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,269,766 shares of the software maker’s stock valued at $365,064,000 after acquiring an additional 282,438 shares during the period. Finally, Brooklyn Investment Group grew its position in shares of Shopify by 31.5% in the fourth quarter. Brooklyn Investment Group now owns 43,900 shares of the software maker’s stock valued at $7,370,000 after purchasing an additional 10,520 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Key Shopify News

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.