Shopify (NASDAQ:SHOP) PT Set at $165.00 by BMO Capital Markets

Shopify (NASDAQ:SHOP) (TSE:SHOP) received a $165.00 target price from stock analysts at BMO Capital Markets in a research report issued on Thursday, Marketbeat reports. The brokerage presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ target price suggests a potential upside of 8.86% from the company’s current price.

SHOP has been the subject of a number of other reports. Canaccord Genuity Group set a $180.00 price target on Shopify and gave the company a “buy” rating in a research note on Wednesday. Stifel Nicolaus set a $150.00 target price on Shopify and gave the stock a “buy” rating in a report on Thursday, July 9th. Robert W. Baird set a $150.00 target price on Shopify in a research report on Wednesday, May 6th. Bank of America began coverage on Shopify in a research note on Tuesday, July 7th. They set a “buy” rating and a $150.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price target on Shopify from $170.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $170.72.

Shopify Price Performance

SHOP stock opened at $151.57 on Thursday. The company has a 50 day simple moving average of $119.29 and a 200 day simple moving average of $119.81. The stock has a market cap of $196.69 billion, a price-to-earnings ratio of 102.41, a P/E/G ratio of 3.17 and a beta of 2.58. Shopify has a 1 year low of $94.00 and a 1 year high of $182.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 6.20.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $3.58 billion for the quarter. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 EPS. Research analysts anticipate that Shopify will post 1.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Shopify

A number of hedge funds have recently bought and sold shares of SHOP. Kingdom Financial Group LLC. acquired a new position in Shopify in the fourth quarter valued at $26,000. Curio Wealth LLC acquired a new stake in Shopify during the 4th quarter worth about $27,000. Evolution Wealth Management Inc. grew its holdings in Shopify by 203.9% during the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock worth $27,000 after acquiring an additional 155 shares during the period. Graney & King LLC bought a new position in shares of Shopify in the 1st quarter worth about $27,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Shopify in the 4th quarter worth about $29,000. Institutional investors own 69.27% of the company’s stock.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Q2 results exceeded expectations: Shopify reported revenue of approximately $3.58 billion, up 33.7% year over year, and earnings of $0.42 per share versus consensus of $0.40. Growth was supported by strong gross merchandise volume (GMV), expanding payments penetration and improved profitability. SHOP Q2 Earnings Beat Estimates
• Positive Sentiment: Healthy forward guidance: Management expects low-30% revenue growth in the third quarter, reinforcing the view that merchant demand and platform momentum remain strong. Free-cash-flow margins of about 18% also highlighted operating leverage. Shopify Q3 Revenue Outlook
• Positive Sentiment: AI is emerging as a growth catalyst: Shopify executives said traffic and orders originating from AI platforms, including ChatGPT and Gemini, have tripled over the past year. The company is investing in agentic commerce infrastructure, suggesting AI is expanding rather than displacing Shopify’s merchant ecosystem. Shopify Executive Discusses AI and Entrepreneurship
• Positive Sentiment: Analysts raised targets: Goldman Sachs, Citigroup, JPMorgan, Wedbush, BMO and Benchmark all increased their price targets following the results, with several maintaining buy or outperform ratings. These revisions provide additional support for the rally and reflect improved growth expectations.
• Neutral Sentiment: Valuation is demanding: After the earnings-driven advance, Shopify trades at a high earnings multiple. Continued upside likely depends on the company sustaining 30%-plus growth and converting AI and GMV momentum into durable profits. Shopify Q2 Risks and Opportunities
• Negative Sentiment: Some caution remains: Cantor Fitzgerald maintained a neutral rating despite raising its target to $145, while commentary has warned that elevated expectations and the stock’s volatility could limit further gains. Cathie Wood’s reported trimming of Shopify holdings also represents a modest negative sentiment signal.

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.