Atb Cormark Cm Upgrades Shopify (NASDAQ:SHOP) to “Moderate Buy”

Shopify (NASDAQ:SHOP) (TSE:SHOP) was upgraded by analysts at Atb Cormark Cm from a “hold” rating to a “moderate buy” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. TD Securities upgraded shares of Shopify to a “hold” rating in a report on Thursday, December 4th. Wells Fargo & Company reiterated an “overweight” rating and set a $198.00 price objective (up previously from $125.00) on shares of Shopify in a research note on Wednesday, December 17th. DZ Bank raised Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. National Bank Financial lifted their price target on Shopify from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $180.00 price target on shares of Shopify in a research note on Wednesday, November 5th. Twenty-eight equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, Shopify currently has a consensus rating of “Moderate Buy” and an average target price of $168.86.

Shopify Trading Down 6.8%

Shares of SHOP stock opened at $118.61 on Tuesday. The company’s fifty day moving average price is $152.31 and its 200-day moving average price is $151.02. The stock has a market cap of $154.41 billion, a PE ratio of 87.86, a price-to-earnings-growth ratio of 3.75 and a beta of 2.83. Shopify has a 12 month low of $69.84 and a 12 month high of $182.19.

Institutional Investors Weigh In On Shopify

Hedge funds and other institutional investors have recently made changes to their positions in the business. Knights of Columbus Asset Advisors LLC purchased a new position in Shopify in the 3rd quarter worth approximately $4,110,000. Principal Financial Group Inc. grew its holdings in Shopify by 16.3% during 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 in the last quarter. Triton Financial Group Inc bought a new stake in shares of Shopify during the third quarter valued at approximately $1,931,000. Sumitomo Mitsui Trust Group Inc. lifted 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 worth $603,425,000 after buying an additional 218,829 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Shopify by 65.5% during the third 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. 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: Revenue, GMV and growth momentum — Shopify reported ~31% YoY revenue and GMV growth, beating consensus and showing broad strength across regions and channels, supporting the growth story. Shopify Still Looks Like A Great Business, Just Not A Great Price
• Positive Sentiment: $2 billion buyback and strong free cash flow — Management authorized a $2B repurchase plan and reported robust free cash flow, which supports capital returns and can prop up the stock on pullbacks. Shopify’s Standout 2025: The Launchpad for a New Era of Commerce in 2026
• Positive Sentiment: Management guided Q1 revenue above Street estimates, signaling continued demand and validating the AI- and checkout-driven momentum that management is highlighting. Shopify forecasts quarterly revenue above estimates on strong demand
• Neutral Sentiment: AI tailwind narrative — Several outlets and analysts emphasize Shopify’s AI integrations as a durable advantage that helped sustain ~30% growth; this is a positive thematic driver but one that depends on execution. Shopify Defies Logic: AI Disruption Is a Good Thing
• Neutral Sentiment: Analyst moves mixed — Some upgrades and bullish price targets (and some resets) are circulating; consensus remains constructive but estimates and targets are being repriced. Benzinga: Analyst coverage and target changes
• Negative Sentiment: EPS miss and margin concerns — Shopify’s reported EPS slightly missed consensus and commentary noted structural gross-margin mix shifts (merchant solutions mix) that keep pressure on headline margins. Shopify (SHOP) Misses Q4 Earnings Estimates
• Negative Sentiment: Investor reaction and heavy selling — Despite revenue beats and buyback news, the stock slid sharply as investors focused on valuation (high PE), near-term EPS softness, and potential institutional selling. Shopify shares slide despite Q4 revenue and EPS beat
• Negative Sentiment: Bearish forecasters remain — At least one note flagged a pessimistic long-term outlook/pricing pressure risk, adding to near-term downside sentiment. BMO Capital Markets Issues Pessimistic Forecast for Shopify (NASDAQ:SHOP) Stock Price

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.