Shopify (NASDAQ:SHOP) Price Target Cut to $145.00 by Analysts at BMO Capital Markets

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its price objective reduced by research analysts at BMO Capital Markets from $160.00 to $145.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ target price suggests a potential upside of 38.07% from the company’s current price.

SHOP has been the subject of a number of other reports. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Shopify in a report on Wednesday. Wedbush lowered their price target on Shopify from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Evercore set a $135.00 price target on Shopify in a report on Wednesday, February 11th. Moffett Nathanson raised Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a report on Monday, February 9th. Finally, Wells Fargo & Company lowered their price target on Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.97.

Shopify Price Performance

Shares of Shopify stock traded down $2.61 on Wednesday, reaching $105.02. 17,174,609 shares of the company were exchanged, compared to its average volume of 10,980,982. Shopify has a 1-year low of $88.14 and a 1-year high of $182.19. The company has a market cap of $136.96 billion, a P/E ratio of 112.92, a price-to-earnings-growth ratio of 4.53 and a beta of 2.64. The stock’s 50 day moving average price is $122.10 and its 200-day moving average price is $141.64.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $998.78. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. Shopify had a return on equity of 11.52% and a net margin of 10.65%. On average, research analysts predict that Shopify will post 1.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shopify

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PeakShares LLC purchased a new stake in Shopify in the first quarter valued at approximately $119,000. Main Street Group LTD purchased a new stake in Shopify in the first quarter valued at approximately $101,000. Angeles Wealth Management LLC lifted its stake in Shopify by 182.0% in the first quarter. Angeles Wealth Management LLC now owns 3,582 shares of the software maker’s stock valued at $425,000 after buying an additional 2,312 shares during the last quarter. Bessemer Group Inc. lifted its stake in Shopify by 0.9% in the first quarter. Bessemer Group Inc. now owns 803,189 shares of the software maker’s stock valued at $95,274,000 after buying an additional 7,108 shares during the last quarter. Finally, Gerald Baker Financial Group LLC purchased a new stake in Shopify in the first quarter valued at approximately $391,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Q1 results beat on revenue and showed strong platform traction — revenue rose ~34% to $3.17B and GMV topped $100B, evidence demand and AI-driven orders remain material growth drivers. Read More.
• Positive Sentiment: Several influential analysts reaffirmed bullish ratings and high price targets (RBC with $170, Needham with $180), signaling continued long-term upside in Street expectations despite the pullback. Read More.
• Positive Sentiment: Unusual options activity: large call buying (?213k calls, ~332% above normal) suggests some traders are betting on a rebound or event-driven upside in the near term. (No direct article link available)
• Neutral Sentiment: Q2 revenue guidance given as a range (~$3.4B–$3.5B) that roughly tracks consensus; revenue guidance was not clearly above expectations, which leaves room for re?rating depending on execution and margin detail. Read More.
• Neutral Sentiment: Shopify highlighted AI-driven commerce gains (orders up materially via integrations with ChatGPT/Copilot/Google), which supports medium-term TAM expansion but the near-term margin path remains uncertain. Read More.
• Negative Sentiment: Several firms cut price targets (DA Davidson to $140, Wells Fargo to $144, Citizens Jmp to $150). Those cuts tighten near-term analyst momentum and can pressure the stock until guidance/margins prove resilient. Read More.
• Negative Sentiment: Market reaction: despite the beat, investors focused on a softer outlook and operating-profit concerns — shares fell after the print as traders relegated the beat in favor of slower expected growth and margin pressure. Read More.
• Negative Sentiment: Coverage noting a sizeable Q1 loss and cautious guidance amplified the negative sentiment and selling pressure. Near-term stock performance will hinge on Shopify’s ability to translate AI momentum into margin-accretive revenue. Read More.

Shopify Company Profile

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.