Shopify (NASDAQ:SHOP) Upgraded at DZ Bank

DZ Bank upgraded shares of Shopify (NASDAQ:SHOP) (TSE:SHOP) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

A number of other equities research analysts have also weighed in on SHOP. Wells Fargo & Company set a $191.00 target price on shares of Shopify and gave the company an “overweight” rating in a research note on Thursday, February 12th. Wolfe Research raised Shopify from a “hold” rating to an “outperform” rating in a report on Tuesday, January 6th. Mizuho upgraded Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 price target for the company in a research note on Thursday, February 12th. Robert W. Baird set a $160.00 price objective on shares of Shopify in a research note on Thursday, February 12th. Finally, Scotiabank upgraded shares of Shopify from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $165.00 to $200.00 in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.64.

Shopify Stock Performance

Shares of NASDAQ:SHOP opened at $121.64 on Monday. The firm has a market cap of $158.36 billion, a price-to-earnings ratio of 130.80, a price-to-earnings-growth ratio of 4.14 and a beta of 2.83. The business has a 50-day simple moving average of $147.54 and a two-hundred day simple moving average of $150.71. Shopify has a fifty-two week low of $69.84 and a fifty-two week high of $182.19.

Institutional Trading of Shopify

Several hedge funds and other institutional investors have recently bought and sold shares of SHOP. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Shopify during the third quarter worth approximately $4,110,000. Principal Financial Group Inc. grew its stake in Shopify by 16.3% in the third quarter. Principal Financial Group Inc. now owns 450,895 shares of the software maker’s stock worth $67,006,000 after purchasing an additional 63,300 shares in the last quarter. Triton Financial Group Inc purchased a new position in Shopify during the 3rd quarter worth $1,931,000. Sumitomo Mitsui Trust Group Inc. raised its position 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 purchasing an additional 218,829 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in shares of Shopify by 65.5% in 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 during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Company reported a strong Q4 and gave upbeat Q1 revenue guidance (management called for “low‑thirties” revenue growth), with analysts highlighting AI and marketplace-driven strength as growth drivers. Shopify Q4 strength highlights AI and marketplace growth: analysts
• Positive Sentiment: Post‑earnings sentiment rebound tied to strong revenue/GME trends and a newly authorized $2 billion share buyback, which supports the stock after recent volatility and signals shareholder friendliness. Shopify jumps as post-earnings sentiment improves and investors refocus on growth outlook and buyback
• Positive Sentiment: Analyst activity: DZ Bank upgraded SHOP to “strong‑buy” and Truist set a $150 price target / “buy” — fresh buy-side signals that can attract demand. DZ Bank upgrade reported via Zacks Shopify upgraded to Buy at Truist
• Neutral Sentiment: Partner ecosystem activity: Avenue Z acquired Varfaj, a Shopify premier partner, indicating ongoing investment in Shopify’s developer/partner ecosystem (incremental, ecosystem‑level benefit). Avenue Z Acquires Shopify Design and Technology Premier Partner Varfaj
• Neutral Sentiment: Brokerage consensus remains skewed positive (multiple buy/outperform calls and a “moderate buy” consensus) — supportive but mixed price targets leave dispersion in expectations. Shopify Given Consensus Recommendation of Moderate Buy
• Negative Sentiment: Some analysts/commentary caution that solid Q4 results may not immediately resolve margin pressure, valuation concerns, or longer-term platform questions — a reminder of execution risk despite top‑line momentum. Why Solid Q4 Earnings Aren’t Enough to Turn Its Fortunes Around

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.