Shopify’s (SHOP) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Shopify (NASDAQ:SHOP) (TSE:SHOP) in a report released on Thursday,Benzinga reports. Needham & Company LLC currently has a $180.00 price target on the software maker’s stock.

Several other research firms have also commented on SHOP. DZ Bank raised shares of Shopify from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Cantor Fitzgerald restated a “neutral” rating and issued a $181.00 target price (up from $156.00) on shares of Shopify in a research note on Wednesday, November 5th. KeyCorp reissued an “overweight” rating and issued a $160.00 price target on shares of Shopify in a report on Wednesday. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Shopify in a research note on Wednesday, November 5th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Shopify in a report on Monday, December 1st. Thirty-one equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, Shopify presently has a consensus rating of “Moderate Buy” and an average target price of $162.58.

Shopify Stock Performance

NASDAQ SHOP opened at $110.66 on Thursday. The company has a market cap of $144.06 billion, a PE ratio of 118.99, a P/E/G ratio of 3.50 and a beta of 2.83. The firm’s 50 day moving average price is $151.28 and its 200-day moving average price is $150.74. Shopify has a 52-week low of $69.84 and a 52-week high of $182.19.

Institutional Trading of Shopify

A number of hedge funds have recently made changes to their positions in the company. Knights of Columbus Asset Advisors LLC acquired a new stake in Shopify during the 3rd quarter valued at $4,110,000. Principal Financial Group Inc. increased its stake in shares of Shopify by 16.3% in the third 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 in the last quarter. Triton Financial Group Inc bought a new position in shares of Shopify in the third quarter valued at about $1,931,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Shopify by 4.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,231,257 shares of the software maker’s stock valued at $603,425,000 after buying an additional 218,829 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position 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 buying an additional 62,743 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

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

About Shopify

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.