Brokerages Set Shopify Inc. (NASDAQ:SHOP) Target Price at $162.70

Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) has received an average rating of “Moderate Buy” from the forty-four research firms that are currently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation, thirty-one have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $162.4595.

Several equities research analysts recently issued reports on SHOP shares. Weiss Ratings reissued a “hold (c)” rating on shares of Shopify in a research note on Friday, March 27th. Truist Financial set a $150.00 price objective on Shopify and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Wells Fargo & Company reduced their price objective on Shopify from $191.00 to $166.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Stifel Nicolaus set a $115.00 price objective on Shopify and gave the stock a “hold” rating in a research note on Wednesday, February 11th. Finally, Moffett Nathanson raised Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research note on Monday, February 9th.

Institutional Investors Weigh In On Shopify

A number of hedge funds and other institutional investors have recently made changes to their positions in SHOP. Norges Bank purchased a new stake in shares of Shopify during the 4th quarter worth about $2,611,797,000. Jennison Associates LLC raised its stake in shares of Shopify by 64.3% during the 3rd quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock worth $2,812,211,000 after purchasing an additional 7,403,821 shares in the last quarter. Sands Capital Management LLC raised its stake in shares of Shopify by 37.0% during the 4th quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker’s stock worth $1,530,187,000 after purchasing an additional 2,568,765 shares in the last quarter. Invesco Ltd. raised its stake in shares of Shopify by 9.8% during the 4th quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock worth $2,257,796,000 after purchasing an additional 1,252,074 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Shopify by 7,207.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,148,259 shares of the software maker’s stock worth $184,883,000 after purchasing an additional 1,132,545 shares in the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify is positioning itself at the center of “agentic commerce,” enabling merchants to sell through ChatGPT, Gemini and Copilot while building an AI-powered checkout/payments backbone — a narrative that supports long-term revenue and take-rate expansion. META vs. SHOP: Which Stock Leads the AI Commerce Revolution?
• Positive Sentiment: Analysts’ consensus target (~$162.70) sits well above the current market price, implying meaningful upside and helping lift sentiment among growth investors. Shopify Inc. (NASDAQ:SHOP) Receives $162.70 Consensus Target Price from Analysts
• Positive Sentiment: Shopify is actively pursuing money-transmitter licenses and other regulatory approvals to expand its fintech and payment offerings, which could boost margins and recurring revenue over time if approved. Shopify Seeks Regulators’ OK to Become Money Transmitter
• Positive Sentiment: Third-party partners are launching Shopify-focused AI tools (e.g., Bloomreach’s Loomi) that enhance personalization and conversion — ecosystem momentum that can amplify merchant success on the platform. Bloomreach Launches Loomi AI for Shopify
• Neutral Sentiment: Smaller integrations (e.g., reAlpha/AiChat conversational commerce) and stories about merchant use cases (vinyl sellers) highlight ecosystem activity but are unlikely to move the stock materially by themselves. reAlpha Announces AiChat Launch of Shopify Conversational Commerce Integration
• Neutral Sentiment: Articles digging into Q1 metrics and bullish retail write-ups provide detail and varied perspectives; they inform investor models but don’t change the core bull/bear case by themselves. Exploring Analyst Estimates for Shopify (SHOP) Q1 Earnings
• Negative Sentiment: An analyst who earlier issued the lone sell rating says it’s still too soon to buy after the selloff, reminding investors that valuation and execution risks remain and keeping some downside pressure on sentiment. Shopify Analyst Who Saw Selloff Coming Says It’s Too Soon to Buy
• Negative Sentiment: A reported service outage drew short-term attention to reliability risks for merchants; operational hiccups can dent near-term confidence if they recur. Is Shopify down? Shopify status after morning outage

Shopify Trading Up 5.4%

Shares of Shopify stock opened at $127.67 on Tuesday. The stock has a 50-day moving average price of $122.49 and a 200 day moving average price of $142.07. The company has a market cap of $166.50 billion, a P/E ratio of 137.28, a P/E/G ratio of 4.54 and a beta of 2.64. Shopify has a 1 year low of $88.14 and a 1 year high of $182.19.

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.