Canaccord Genuity Group Lowers Shopify (NASDAQ:SHOP) Price Target to $145.00

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its target price lowered by equities researchers at Canaccord Genuity Group from $165.00 to $145.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Canaccord Genuity Group’s price target would suggest a potential upside of 29.77% from the company’s previous close.

SHOP has been the topic of several other research reports. DZ Bank upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Jefferies Financial Group restated a “hold” rating and issued a $140.00 price target (down from $150.00) on shares of Shopify in a report on Tuesday. Robert W. Baird set a $150.00 price target on shares of Shopify in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $175.00 price target on shares of Shopify in a report on Thursday, February 12th. Finally, UBS Group set a $130.00 price target on shares of Shopify and gave the company a “neutral” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Shopify currently has a consensus rating of “Moderate Buy” and an average target price of $158.42.

Shopify Stock Performance

NASDAQ SHOP opened at $111.74 on Wednesday. Shopify has a one year low of $88.14 and a one year high of $182.19. The company’s 50 day moving average price is $121.76 and its 200 day moving average price is $140.96. The firm has a market capitalization of $145.72 billion, a price-to-earnings ratio of 110.63, a PEG ratio of 3.75 and a beta of 2.64.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, beating the consensus estimate of $0.22 by $998.78. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. Sell-side analysts forecast that Shopify will post 1.36 EPS for the current fiscal year.

Institutional Trading of Shopify

A number of hedge funds have recently made changes to their positions in SHOP. Brighton Jones LLC grew its position in shares of Shopify by 2.8% during the fourth quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after buying an additional 584 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Shopify by 107.3% during the first quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock worth $1,392,000 after buying an additional 7,544 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Shopify by 6.6% during the second quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after buying an additional 506 shares in the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of Shopify during the second quarter worth approximately $53,000. Finally, Main Street Financial Solutions LLC grew its position in shares of Shopify by 15.3% during the second quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker’s stock worth $1,284,000 after buying an additional 1,479 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Q1 beat and GMV milestone — Shopify reported revenue growth (≈34%) and merchants generated over $100B in GMV, beating estimates and showing broad-based growth driven by B2B, offline scale and AI-powered tools. This is the fundamental driver supporting the rally. E-Commerce Update
• Positive Sentiment: Cathie Wood buying — ARK’s Cathie Wood purchased roughly $32M of Shopify after the earnings print, which can attract momentum and retail interest. Cathie Wood buys $32M
• Positive Sentiment: Unusual call options flow — Large block buying of call options (hundreds of thousands contracts reported) signals speculative bullish positioning and likely helped lift the stock intraday. Unusual options activity
• Neutral Sentiment: Mixed analyst actions — Citigroup issued a new $156 target (still a buy), reflecting differing views on near-term execution vs. long-term growth. Analysts remain split on valuation vs. growth durability. Citigroup new $156 PT
• Negative Sentiment: Multiple price-target cuts — Several firms lowered targets (Canaccord, BMO, Wells Fargo, DA Davidson, Citizens/JMP), citing valuation and near-term margin/AI-cost uncertainty; that pressured sentiment and triggered profit-taking for some holders. Canaccord PT lowered BMO PT lowered Wells Fargo PT lowered
• Negative Sentiment: Post-earnings volatility and cost concerns — Despite beats, some coverage flagged higher AI-related expenses and execution risks; the stock experienced a sharp post-earnings drop in earlier trading, contributing to today’s volatile bounce. AI reshapes merchant tools

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.