Shopify (SHOP) – Investment Analysts’ Recent Ratings Updates

Shopify (NASDAQ: SHOP) recently received a number of ratings updates from brokerages and research firms:

• 11/4/2026 – Shopify had its “outperform” rating reaffirmed by Sanford C. Bernstein. They now have a $165.00 price target on the stock.
• 11/4/2026 – Shopify had its “buy” rating reaffirmed by Needham & Company LLC.
• 11/4/2026 – Shopify had its “overweight” rating reaffirmed by Wells Fargo & Company. They now have a $205.00 price target on the stock, down from $208.00.
• 11/4/2026 – Shopify had its price target raised by UBS Group from $145.00 to $160.00. They now have a “neutral” rating on the stock.
• 11/4/2026 – Shopify had its price target raised by National Bank Financial from $180.00 to $185.00. They now have an “outperform” rating on the stock.
• 11/4/2026 – Shopify had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $200.00 price target on the stock.
• 11/4/2026 – Shopify had its “outperform” rating reaffirmed by Wedbush. They now have a $176.00 price target on the stock.
• 11/4/2026 – Shopify had its price target lowered by Cantor Fitzgerald from $158.00 to $150.00. They now have a “neutral” rating on the stock.
• 11/4/2026 – Shopify had its price target lowered by Rosenblatt Securities from $186.00 to $180.00. They now have a “buy” rating on the stock.
• 11/3/2026 – Shopify was given a new $180.00 price target by DA Davidson. They now have a “buy” rating on the stock.
• 11/2/2026 – Shopify had its price target raised by KeyCorp from $180.00 to $185.00. They now have an “overweight” rating on the stock.
• 10/30/2026 – Shopify was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
• 10/27/2026 – Shopify had its price target raised by Citigroup from $196.00 to $216.00. They now have a “buy” rating on the stock.
• 10/23/2026 – Shopify had its “outperform” rating reaffirmed by Oppenheimer. They now have a $205.00 price target on the stock, up from $175.00.
• 10/23/2026 – Shopify was given a new $200.00 price target by RBC Dominion Securities. They now have an “outperform” rating on the stock.
• 10/22/2026 – Shopify was downgraded by ATB Cormark Capital Markets from “moderate buy” to “hold”.
• 10/16/2026 – Shopify had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $200.00 price target on the stock, up from $180.00.
• 10/16/2026 – Shopify was upgraded by Zacks Research from “hold” to “strong-buy”.
• 10/15/2026 – Shopify was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 10/14/2026 – Shopify had its “buy” rating reaffirmed by Jefferies Financial Group.
• 10/14/2026 – Shopify was given a new $210.00 price target by Stifel Nicolaus. They now have a “buy” rating on the stock.
• 10/14/2026 – Shopify had its price target raised by Robert W. Baird from $160.00 to $190.00. They now have an “outperform” rating on the stock.
• 10/12/2026 – Shopify had its price target raised by Cantor Fitzgerald from $145.00 to $158.00. They now have a “neutral” rating on the stock.
• 10/8/2026 – Shopify had its “buy” rating reaffirmed by Seaport Research Partners. They now have a $180.00 price target on the stock.
• 10/6/2026 – Shopify had its price target raised by JPMorgan Chase & Co. from $185.00 to $200.00. They now have an “overweight” rating on the stock.
• 10/5/2026 – Shopify had its “overweight” rating reaffirmed by Piper Sandler.
• 9/24/2026 – Shopify was given a new $180.00 price target by Mizuho.
• 9/23/2026 – Shopify had its “outperform” rating reaffirmed by Wedbush. They now have a $176.00 price target on the stock.
• 9/10/2026 – Shopify is now covered by Sanford C. Bernstein. They set an “outperform” rating and a $160.00 price target on the stock.
• 9/10/2026 – Shopify was upgraded by Sanford C. Bernstein to “strong-buy”.
• 9/8/2026 – Shopify had its “overweight” rating reaffirmed by Piper Sandler. They now have a $180.00 price target on the stock, up from $172.00.

Shopify Stock Performance

NASDAQ:SHOP opened at $153.03 on Thursday. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $180.88. The firm’s fifty day simple moving average is $152.75 and its 200 day simple moving average is $130.11. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $196.90 billion, a PE ratio of 93.31, a PEG ratio of 2.94 and a beta of 2.65.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Tuesday, November 3rd. The software maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.33 by $0.16. The firm had revenue of $3.74 billion for the quarter. Shopify had a net margin of 15.01% and a return on equity of 13.99%. The business’s revenue was up 31.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 EPS. On average, sell-side analysts anticipate that Shopify Inc. will post 1.46 EPS for the current year.

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.