Shopify (NASDAQ:SHOP) Rating Increased to Moderate Buy at Atb Cormark Cm

Atb Cormark Cm upgraded shares of Shopify (NASDAQ:SHOP) (TSE:SHOP) from a hold rating to a moderate buy rating in a research note released on Tuesday morning,Zacks.com reports.

Several other analysts also recently commented on SHOP. Barclays set a $140.00 target price on shares of Shopify and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of Shopify from $179.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. DA Davidson increased their target price on Shopify from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. BNP Paribas Exane initiated coverage on Shopify in a research note on Monday, November 24th. They issued a “neutral” rating on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Shopify in a research note on Tuesday, February 3rd. Twenty-eight investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $170.21.

Shopify Price Performance

Shares of SHOP traded down $14.66 on Tuesday, hitting $112.58. The company’s stock had a trading volume of 32,551,790 shares, compared to its average volume of 11,561,617. The company has a market capitalization of $146.56 billion, a PE ratio of 83.39, a PEG ratio of 3.49 and a beta of 2.83. Shopify has a fifty-two week low of $69.84 and a fifty-two week high of $182.19. The company has a 50 day moving average price of $153.14 and a 200 day moving average price of $151.25.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Wednesday, February 11th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.59 billion. Shopify had a return on equity of 11.72% and a net margin of 16.65%.Shopify’s revenue for the quarter was up 30.6 on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, equities analysts forecast that Shopify will post 1.12 EPS for the current year.

Hedge Funds Weigh In On Shopify

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Manchester Capital Management LLC increased its stake in shares of Shopify by 8.4% in the fourth quarter. Manchester Capital Management LLC now owns 9,846 shares of the software maker’s stock valued at $1,585,000 after buying an additional 761 shares during the period. Fiera Capital Corp raised its stake in shares of Shopify by 148.4% during the fourth quarter. Fiera Capital Corp now owns 13,999 shares of the software maker’s stock valued at $2,255,000 after acquiring an additional 8,363 shares during the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its holdings in shares of Shopify by 43.9% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 5,953 shares of the software maker’s stock worth $958,000 after purchasing an additional 1,817 shares during the period. Syon Capital LLC grew its stake in shares of Shopify by 29.2% in the fourth quarter. Syon Capital LLC now owns 9,998 shares of the software maker’s stock worth $1,609,000 after purchasing an additional 2,258 shares during the last quarter. Finally, Capital International Sarl grew its stake in shares of Shopify by 9.2% in the fourth quarter. Capital International Sarl now owns 695,042 shares of the software maker’s stock worth $111,881,000 after purchasing an additional 58,557 shares during the last quarter. Institutional investors own 69.27% of the company’s stock.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Revenue and growth beat: Shopify reported Q4 net revenue of $3.67B (up ~31% YoY), topping consensus and showing continued strength across regions, GMV and Merchant Solutions — a core driver for future monetization. MarketBeat coverage of results
• Positive Sentiment: Strong forward guidance: management guided Q1 2026 revenue above street estimates (reiterating high‑teens to low‑30s% growth drivers), a key catalyst that supports near‑term revenue visibility. WSJ: Shopify Guides for Strong Revenue Growth
• Positive Sentiment: $2B buyback and cash generation: Shopify announced a $2B share‑repurchase program and reported ~$ $2B free cash flow for 2025 with sustained free cash flow margins — supports capital returns and reduces supply over time. Newsfile: Buyback & FCF
• Positive Sentiment: AI and product leverage: management and coverage point to AI‑driven merchant tools lifting efficiency, conversions and higher take‑rates on commerce flows — a structural growth tailwind. PYMNTS: AI-driven checkout
• Neutral Sentiment: Analyst activity mixed: several upgrades and bullish notes (including some buy ratings) arrived into earnings, but some firms trimmed price targets — creating both support and differing expectations for upside. Zacks / Benzinga analyst notes
• Neutral Sentiment: Short interest decline: short interest fell significantly in January (fewer shares short), which can reduce short‑squeeze risk but also signals shifting positioning dynamics. MarketBeat: Short interest update
• Negative Sentiment: EPS miss and margin pressure: headline EPS came in slightly below consensus (~$0.48 vs ~$0.50 consensus per reported coverage), and operating expense growth / margin mix remains a concern for some investors. That helped trigger the intraday selloff despite the revenue beat. Zacks: EPS miss
• Negative Sentiment: Market reaction & analyst caution: some outlets flagged the stock falling despite positives (volume spiked), and at least one firm issued a pessimistic forecast — fueling short‑term volatility and signaling that investor focus is splitting between growth vs. near‑term profitability. CNBC: Stock drops despite revenue beat BMO bearish note

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.