Mizuho Upgrades Shopify (NASDAQ:SHOP) to Outperform

Shopify (NASDAQ:SHOP) (TSE:SHOP) was upgraded by research analysts at Mizuho from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a $150.00 price target on the software maker’s stock. Mizuho’s price target would indicate a potential upside of 33.10% from the company’s current price.

SHOP has been the topic of a number of other research reports. Canaccord Genuity Group set a $165.00 price target on Shopify and gave the stock a “buy” rating in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $180.00 target price on shares of Shopify in a report on Thursday. UBS Group decreased their price target on Shopify from $165.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday. Barclays set a $130.00 price objective on shares of Shopify and gave the company an “equal weight” rating in a research note on Thursday. Finally, Morgan Stanley restated an “overweight” rating and issued a $192.00 target price (up previously from $165.00) on shares of Shopify in a research note on Wednesday, November 5th. Thirty-one investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, Shopify has an average rating of “Moderate Buy” and a consensus target price of $161.97.

Shopify Price Performance

SHOP stock opened at $112.70 on Thursday. The company has a market cap of $146.72 billion, a price-to-earnings ratio of 121.18, a price-to-earnings-growth ratio of 3.26 and a beta of 2.83. The company has a fifty day moving average price of $150.31 and a 200 day moving average price of $150.64. Shopify has a 12 month low of $69.84 and a 12 month high of $182.19.

Institutional Investors Weigh In On Shopify

Several institutional investors and hedge funds have recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC grew its position in shares of Shopify by 1.7% in the third quarter. Twin Peaks Wealth Advisors LLC now owns 3,448 shares of the software maker’s stock valued at $512,000 after purchasing an additional 59 shares during the last quarter. Accurate Wealth Management LLC lifted its position in shares of Shopify by 2.0% in the third quarter. Accurate Wealth Management LLC now owns 3,438 shares of the software maker’s stock valued at $526,000 after acquiring an additional 67 shares in the last quarter. Moloney Securities Asset Management LLC lifted its position in shares of Shopify by 1.8% in the third quarter. Moloney Securities Asset Management LLC now owns 3,951 shares of the software maker’s stock valued at $587,000 after acquiring an additional 70 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of Shopify by 47.5% during the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its position in Shopify by 0.9% during the 3rd quarter. Sivia Capital Partners LLC now owns 8,265 shares of the software maker’s stock worth $1,228,000 after purchasing an additional 75 shares in the last quarter. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reported strong Q4 revenue and profitability metrics—revenue grew ~31% YoY to $3.67B and EPS topped estimates—supporting bullish takeaways on merchant growth and cash generation. Q4/Profitable SaaS Article
• Positive Sentiment: Analysts have moved more positive: Mizuho upgraded SHOP to “outperform” with a $150 PT, TD Securities raised to “buy” with a $159 PT, and Needham reaffirmed a $180 target—these upgrades are driving buy-side interest. Mizuho Upgrade
• Positive Sentiment: Shopify’s commerce tooling is being integrated into major AI platforms (e.g., ChatGPT/Gemini), reinforcing long‑term revenue/engagement narratives tied to AI-enabled merchant services. AI Integration Article
• Neutral Sentiment: Loomis Sayles highlighted high‑quality, long‑growth companies including Shopify in its investor letter—positive signal for institutional interest but not an immediate catalyst. Loomis Sayles Letter
• Neutral Sentiment: Shopify announced a $2 billion buyback authorization; while buybacks can support the stock, analysts and investors are flagging execution risk and potential cash/volatility implications. Buyback Analysis
• Negative Sentiment: Several firms trimmed price targets (UBS to $145, Benchmark to $145, Wedbush/Citizens JMP trimmed targets), and Truist cut to a $110 target—these downgrades/target cuts introduce selling pressure and mixed sentiment among analysts. Price Target Moves Benchmark Cut
• Negative Sentiment: Despite revenue strength, some coverage highlighted margin strain from AI investment and mixed earnings reactions; the post‑earnings pullback reflected investor concerns about valuation and near‑term profitability. Margin Strain Article Post-Earnings Reaction

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.