Weekly Research Analysts’ Ratings Updates for Shopify (SHOP)

Shopify (NASDAQ: SHOP) has recently received a number of price target changes and ratings updates:

• 5/6/2026 – Shopify was downgraded by Weiss Ratings from “hold (c)” to “hold (c-)”.
• 5/6/2026 – Shopify was given a new $130.00 price target by UBS Group AG. They now have a “neutral” rating on the stock.
• 5/6/2026 – Shopify had its “outperform” rating reaffirmed by Oppenheimer Holdings, Inc.. They now have a $175.00 price target on the stock.
• 5/6/2026 – Shopify was given a new $150.00 price target by Robert W. Baird.
• 5/6/2026 – Shopify was given a new $126.00 price target by Barclays PLC. They now have an “equal weight” rating on the stock.
• 5/6/2026 – Shopify had its price target lowered by Canaccord Genuity Group Inc. from $165.00 to $145.00. They now have a “buy” rating on the stock.
• 5/6/2026 – Shopify had its price target lowered by BMO Capital Markets from $160.00 to $145.00. They now have an “outperform” rating on the stock.
• 5/6/2026 – Shopify had its price target lowered by Citigroup Inc. from $163.00 to $156.00. They now have a “buy” rating on the stock.
• 5/6/2026 – Shopify had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $170.00 price target on the stock.
• 5/6/2026 – Shopify had its price target lowered by Citizens Jmp from $160.00 to $150.00. They now have a “market outperform” rating on the stock.
• 5/6/2026 – Shopify had its price target lowered by Wells Fargo & Company from $166.00 to $144.00. They now have an “overweight” rating on the stock.
• 5/6/2026 – Shopify had its price target lowered by DA Davidson from $195.00 to $140.00. They now have a “buy” rating on the stock.
• 5/5/2026 – Shopify had its “hold” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $140.00 price target on the stock, down from $150.00.
• 5/5/2026 – Shopify had its “overweight” rating reaffirmed by Piper Sandler. They now have a $150.00 price target on the stock, down from $165.00.
• 5/5/2026 – Shopify had its “buy” rating reaffirmed by Needham & Company LLC. They now have a $180.00 price target on the stock.
• 4/28/2026 – Shopify had its “buy” rating reaffirmed by Citigroup Inc.. They now have a $163.00 price target on the stock, down from $172.00.
• 4/6/2026 – Shopify had its price target lowered by Wells Fargo & Company from $191.00 to $166.00. They now have an “overweight” rating on the stock.
• 3/27/2026 – Shopify had its “hold (c)” rating reaffirmed by Weiss Ratings.

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.