Citigroup Lowers Shopify (NASDAQ:SHOP) Price Target to $156.00

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its target price dropped by equities research analysts at Citigroup from $163.00 to $156.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm presently has a “buy” rating on the software maker’s stock. Citigroup’s target price would suggest a potential upside of 39.61% from the stock’s current price.

Several other research analysts also recently weighed in on SHOP. Robert W. Baird set a $150.00 price target on shares of Shopify in a research report on Wednesday. DZ Bank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Truist Financial set a $150.00 target price on Shopify and gave the company a “buy” rating in a report on Tuesday, February 17th. DA Davidson decreased their target price on Shopify from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Phillip Securities raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.42.

Shopify Stock Performance

Shares of NASDAQ SHOP opened at $111.74 on Wednesday. The firm has a market cap of $145.72 billion, a PE ratio of 110.63, a PEG ratio of 3.75 and a beta of 2.64. The firm has a fifty day moving average of $121.76 and a 200 day moving average of $140.96. Shopify has a one year low of $88.14 and a one year high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $998.78. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. On average, equities analysts predict that Shopify will post 1.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Shopify

A number of institutional investors have recently added to or reduced their stakes in SHOP. JSF Financial LLC grew its holdings in Shopify by 5.2% in the 1st quarter. JSF Financial LLC now owns 2,378 shares of the software maker’s stock valued at $282,000 after buying an additional 118 shares in the last quarter. Amova Asset Management Americas Inc. raised its holdings in shares of Shopify by 5.0% during the 1st quarter. Amova Asset Management Americas Inc. now owns 3,458,265 shares of the software maker’s stock worth $410,219,000 after acquiring an additional 165,080 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Shopify by 8.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 21,024 shares of the software maker’s stock worth $2,494,000 after acquiring an additional 1,572 shares during the period. Earned Wealth Advisors LLC boosted its position in shares of Shopify by 60.1% during the 1st quarter. Earned Wealth Advisors LLC now owns 11,727 shares of the software maker’s stock valued at $1,391,000 after acquiring an additional 4,400 shares during the last quarter. Finally, Commonwealth Financial Services LLC boosted its position in shares of Shopify by 16.7% during the 1st quarter. Commonwealth Financial Services LLC now owns 1,833 shares of the software maker’s stock valued at $217,000 after acquiring an additional 262 shares during the last quarter. 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 beat and GMV milestone — Shopify reported revenue growth (?34%) and merchants generated over $100B in GMV, beating estimates and showing broad-based growth driven by B2B, offline scale and AI-powered tools. This is the fundamental driver supporting the rally. E-Commerce Update
• Positive Sentiment: Cathie Wood buying — ARK’s Cathie Wood purchased roughly $32M of Shopify after the earnings print, which can attract momentum and retail interest. Cathie Wood buys $32M
• Positive Sentiment: Unusual call options flow — Large block buying of call options (hundreds of thousands contracts reported) signals speculative bullish positioning and likely helped lift the stock intraday. Unusual options activity
• Neutral Sentiment: Mixed analyst actions — Citigroup issued a new $156 target (still a buy), reflecting differing views on near-term execution vs. long-term growth. Analysts remain split on valuation vs. growth durability. Citigroup new $156 PT
• Negative Sentiment: Multiple price-target cuts — Several firms lowered targets (Canaccord, BMO, Wells Fargo, DA Davidson, Citizens/JMP), citing valuation and near-term margin/AI-cost uncertainty; that pressured sentiment and triggered profit-taking for some holders. Canaccord PT lowered BMO PT lowered Wells Fargo PT lowered
• Negative Sentiment: Post-earnings volatility and cost concerns — Despite beats, some coverage flagged higher AI-related expenses and execution risks; the stock experienced a sharp post-earnings drop in earlier trading, contributing to today’s volatile bounce. AI reshapes merchant tools

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.