Shopify (NASDAQ:SHOP) Given a $200.00 Price Target by RBC Dominion Securities Analysts

Shopify (NASDAQ:SHOP) (TSE:SHOP) has been assigned a $200.00 target price by equities researchers at RBC Dominion Securities in a note issued to investors on Friday, BayStreet reports. The brokerage presently has an “outperform” rating on the software maker’s stock. RBC Dominion Securities‘s price objective would suggest a potential upside of 18.06% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Sanford C. Bernstein initiated coverage on Shopify in a research report on Thursday, September 10th. They issued an “outperform” rating and a $160.00 target price for the company. Morgan Stanley downgraded shares of Shopify from an “overweight” rating to a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Shopify from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Piper Sandler restated an “overweight” rating on shares of Shopify in a report on Monday, October 5th. Finally, Rothschild & Co Redburn set a $130.00 target price on Shopify and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.28.

Shopify Stock Performance

Shares of NASDAQ:SHOP traded up $0.59 on Friday, hitting $169.40. The company’s stock had a trading volume of 2,658,360 shares, compared to its average volume of 10,285,870. Shopify has a 12 month low of $94.00 and a 12 month high of $182.19. The stock’s 50-day moving average is $150.64 and its two-hundred day moving average is $129.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35. The company has a market capitalization of $217.96 billion, a price-to-earnings ratio of 114.46, a price-to-earnings-growth ratio of 3.60 and a beta of 2.62.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The firm had revenue of $3.58 billion during the quarter. During the same quarter in the prior year, the company earned $0.69 EPS. The business’s quarterly revenue was up 33.7% on a year-over-year basis. On average, equities research analysts forecast that Shopify will post 1.46 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Simplicity Wealth LLC raised its stake in shares of Shopify by 33.8% in the 3rd quarter. Simplicity Wealth LLC now owns 16,058 shares of the software maker’s stock valued at $2,381,000 after acquiring an additional 4,055 shares in the last quarter. Gibbs Wealth Management lifted its holdings in Shopify by 6.5% in the 3rd quarter. Gibbs Wealth Management now owns 25,296 shares of the software maker’s stock worth $3,751,000 after purchasing an additional 1,536 shares during the last quarter. Lantern Wealth Advisors LLC boosted its position in Shopify by 6.7% during the third quarter. Lantern Wealth Advisors LLC now owns 6,350 shares of the software maker’s stock worth $942,000 after purchasing an additional 400 shares during the period. Atala Financial Inc boosted its position in Shopify by 5.9% during the third quarter. Atala Financial Inc now owns 21,804 shares of the software maker’s stock worth $3,234,000 after purchasing an additional 1,224 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its position in Shopify by 8.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 7,066 shares of the software maker’s stock worth $1,048,000 after purchasing an additional 545 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: AI-driven commerce remains the main catalyst. Polen Capital said Shopify could benefit from “agentic commerce,” in which AI tools independently discover products and complete purchases. The view reinforces optimism following Shopify’s integration with Meta’s Muse AI shopping agent, which enables Shop Pay checkout for AI-generated orders. Shopify Could Benefit From AI-Driven Agentic Commerce
• Positive Sentiment: Growth and price momentum are attracting investors. Zacks highlighted Shopify’s earnings growth and stock-price strength, while other analyses pointed to rising AI adoption, payments growth and strong gross merchandise volume. These factors help explain the stock’s substantial advance over the past several months. Earnings Growth and Price Strength Make Shopify a Stock to Watch
• Positive Sentiment: New partner and merchant tools could support platform adoption. Poq became a Shopify Certified Technology Partner, improving enterprise merchants’ access to its native mobile-app platform. Separately, Disco launched an advertiser-funded cashback feature within Shopify checkout, reporting approximately 5% higher order conversion during its pilot. Poq Becomes a Shopify Certified Technology Partner

About Shopify

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.