Shopify (NASDAQ:SHOP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $185.00 to $200.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 20.52% from the stock’s current price.

Several other equities research analysts have also recently issued reports on SHOP. Benchmark lifted their price objective on shares of Shopify from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Phillip Securities lowered shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 17th. DA Davidson set a $200.00 target price on shares of Shopify and gave the company a “buy” rating in a research note on Thursday, August 6th. Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 price target (up from $144.00) on shares of Shopify in a report on Friday, August 7th. Finally, Royal Bank Of Canada set a $180.00 price target on shares of Shopify and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.39.

Shopify Stock Performance

NASDAQ SHOP opened at $165.95 on Tuesday. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01. Shopify has a twelve month low of $94.00 and a twelve month high of $182.19. The business has a 50-day moving average price of $143.46 and a 200-day moving average price of $125.54. The firm has a market cap of $213.52 billion, a price-to-earnings ratio of 112.13, a price-to-earnings-growth ratio of 3.40 and a beta of 2.62.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Shopify had a return on equity of 12.58% and a net margin of 14.53%.The company had revenue of $3.58 billion for the quarter. During the same period last year, the business posted $0.69 EPS. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, equities research analysts predict that Shopify will post 1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Shopify

A number of institutional investors and hedge funds have recently made changes to their positions in SHOP. Venture Visionary Partners LLC lifted its holdings in shares of Shopify by 4.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 95,779 shares of the software maker’s stock valued at $14,204,000 after acquiring an additional 4,210 shares during the last quarter. Cooper Financial Group lifted its stake in shares of Shopify by 19.2% in the 3rd quarter. Cooper Financial Group now owns 11,974 shares of the software maker’s stock valued at $1,776,000 after purchasing an additional 1,932 shares during the last quarter. Canandaigua National Bank & Trust Co. lifted its stake in shares of Shopify by 25.7% in the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 8,065 shares of the software maker’s stock valued at $1,196,000 after purchasing an additional 1,649 shares during the last quarter. Worth Asset Management LLC boosted its holdings in shares of Shopify by 48.8% in the 3rd quarter. Worth Asset Management LLC now owns 3,114 shares of the software maker’s stock worth $462,000 after purchasing an additional 1,021 shares during the period. Finally, Juncture Wealth Strategies LLC increased its position in shares of Shopify by 38.9% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 3,744 shares of the software maker’s stock valued at $555,000 after purchasing an additional 1,049 shares during the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: JPMorgan raised its price target to $200 and maintained an “overweight” rating, implying roughly 20% upside from the referenced share price. The target increase reinforces confidence in Shopify’s growth outlook. Shopify price target raised to $200
• Positive Sentiment: Cooling U.S. labor-market data reduced expectations for an October Federal Reserve rate hike. Lower expected interest rates tend to support high-growth companies such as Shopify by improving the relative appeal of future earnings and reducing valuation pressure. Why Shopify stock is trading up
• Positive Sentiment: Shopify is participating in the Personal Agent Protocol alongside Meta, Sierra, Stripe, Walmart and others. The proposed open standard could allow consumer AI agents to interact directly with merchants, potentially creating new commerce and customer-service opportunities for Shopify’s platform. Meta and Sierra launch protocol for AI agents
• Positive Sentiment: Recent momentum remains strong. Coverage highlights Shopify’s above-average financial growth and a substantial rebound from its May low, keeping the stock firmly in focus among growth investors. Three reasons growth investors will love Shopify
• Neutral Sentiment: Shopify will report third-quarter 2026 results before the market opens on November 3, followed by an 8:30 a.m. ET conference call. The upcoming report is a potential catalyst, but the announcement provided no preliminary financial figures. Shopify third-quarter 2026 results announcement
• Negative Sentiment: Valuation is an important risk. After its sharp advance, Shopify trades at a high earnings multiple, leaving the stock vulnerable to profit-taking or disappointment if upcoming results, guidance or merchant growth do not meet elevated expectations.

About Shopify

Shopify Inc is a commerce technology company that provides tools for businesses to start, operate and grow online and in physical retail environments. Its platform enables merchants to create and manage online stores, sell through multiple channels, process orders and payments, manage inventory and engage with customers.

Shopify’s products and services include its core commerce platform, Shopify Plus for larger businesses, Shopify Payments, Shop Pay, point-of-sale solutions and tools for marketing, shipping, analytics and customer management.