Weekly Research Analysts’ Ratings Updates for Shopify (SHOP)

A number of firms have modified their ratings and price targets on shares of Shopify (NASDAQ: SHOP) recently:

• 8/17/2026 – Shopify had its “buy” rating reaffirmed by Seaport Research Partners. They now have a $175.00 price target on the stock.
• 8/7/2026 – Shopify had its “overweight” rating reaffirmed by Wells Fargo & Company. They now have a $180.00 price target on the stock, up from $144.00.
• 8/7/2026 – Shopify was downgraded by Zacks Research from “strong-buy” to “hold”.
• 8/7/2026 – Shopify was downgraded by DZ Bank AG from “strong-buy” to “hold”.
• 8/6/2026 – Shopify was given a new $200.00 price target by DA Davidson. They now have a “buy” rating on the stock.
• 8/6/2026 – Shopify was given a new $180.00 price target by Royal Bank Of Canada. They now have an “outperform” rating on the stock.
• 8/6/2026 – Shopify had its “neutral” rating reaffirmed by UBS Group AG. They now have a $145.00 price target on the stock, up from $130.00.
• 8/6/2026 – Shopify had its “outperform” rating reaffirmed by Citigroup Inc..
• 8/6/2026 – Shopify was given a new $145.00 price target by Barclays PLC. They now have an “equal weight” rating on the stock.
• 8/6/2026 – Shopify had its price target raised by JPMorgan Chase & Co. from $155.00 to $185.00. They now have an “overweight” rating on the stock.
• 8/6/2026 – Shopify had its price target raised by Citigroup Inc. from $150.00 to $196.00. They now have a “buy” rating on the stock.
• 8/6/2026 – Shopify was given a new $165.00 price target by BMO Capital Markets. They now have an “outperform” rating on the stock.
• 8/6/2026 – Shopify had its price target raised by Wedbush from $155.00 to $176.00. They now have an “outperform” rating on the stock.
• 8/6/2026 – Shopify had its price target raised by Benchmark Co. from $145.00 to $170.00. They now have a “buy” rating on the stock.
• 8/6/2026 – Shopify had its price target raised by Citizens Jmp from $150.00 to $185.00. They now have a “market outperform” rating on the stock.
• 8/6/2026 – Shopify had its price target raised by The Goldman Sachs Group, Inc. from $170.00 to $194.00. They now have a “buy” rating on the stock.
• 8/6/2026 – Shopify had its price target raised by Cantor Fitzgerald from $127.00 to $145.00. They now have a “neutral” rating on the stock.
• 8/5/2026 – Shopify was given a new $180.00 price target by Canaccord Genuity Group Inc.. They now have a “buy” rating on the stock.
• 8/5/2026 – Shopify had its “buy” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $175.00 price target on the stock.
• 8/5/2026 – Shopify was given a new $180.00 price target by Truist Financial Corporation. They now have a “buy” rating on the stock.
• 8/5/2026 – Shopify had its “outperform” rating reaffirmed by National Bank Financial. They now have a $180.00 price target on the stock, up from $155.00.
• 8/5/2026 – Shopify had its “outperform” rating reaffirmed by Evercore Inc. They now have a $175.00 price target on the stock, up from $135.00.
• 8/3/2026 – Shopify had its “hold (c-)” rating reaffirmed by Weiss Ratings.
• 7/29/2026 – Shopify had its “buy” rating reaffirmed by Benchmark Co..
• 7/24/2026 – Shopify had its price target lowered by Citigroup Inc. from $156.00 to $150.00. They now have a “buy” rating on the stock.
• 7/21/2026 – Shopify was given a new $130.00 price target by Rothschild & Co Redburn. They now have a “neutral” rating on the stock.
• 7/21/2026 – Shopify was downgraded by Rothschild & Co Redburn from “buy” to “hold”. They now have a $130.00 price target on the stock.
• 7/20/2026 – Shopify had its “outperform” rating reaffirmed by Royal Bank Of Canada.
• 7/20/2026 – Shopify was given a new $155.00 price target by National Bank Financial. They now have an “outperform” rating on the stock.
• 7/13/2026 – Shopify was downgraded by Morgan Stanley from “overweight” to “buy”.
• 7/12/2026 – Shopify was upgraded by Jefferies Financial Group Inc. from “hold” to “buy”. They now have a $160.00 price target on the stock, up from $140.00.
• 7/10/2026 – Shopify is now covered by BTIG Research. They set a “buy” rating on the stock.
• 7/10/2026 – Shopify is now covered by Susquehanna. They set a “neutral” rating on the stock.
• 7/10/2026 – Shopify is now covered by BMO Capital Markets. They set a “market perform” rating on the stock.
• 7/10/2026 – Shopify was downgraded by Citigroup Inc. from “market outperform” to “neutral”.
• 7/9/2026 – Shopify was given a new $150.00 price target by Stifel Nicolaus. They now have a “buy” rating on the stock.
• 7/7/2026 – Shopify was upgraded by Zacks Research from “hold” to “strong-buy”.
• 7/7/2026 – Shopify is now covered by Bank of America Corporation. They set a “buy” rating and a $150.00 price target on the stock.

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.