DA Davidson Cuts Shopify (NASDAQ:SHOP) Price Target to $140.00

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its price target lowered by DA Davidson from $195.00 to $140.00 in a report published on Wednesday morning, MarketBeat reports. DA Davidson currently has a buy rating on the software maker’s stock.

A number of other equities analysts have also commented on SHOP. Royal Bank Of Canada set a $170.00 price objective on Shopify and gave the stock an “outperform” rating in a research note on Thursday, February 12th. TD Securities raised Shopify from a “hold” rating to a “buy” rating and set a $159.00 target price on the stock in a report on Thursday, February 12th. DZ Bank raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Jefferies Financial Group reiterated a “hold” rating and set a $140.00 price target (down from $150.00) on shares of Shopify in a report on Tuesday. Finally, Benchmark lowered their price objective on shares of Shopify from $195.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.42.

Shopify Trading Down 1.6%

NASDAQ SHOP opened at $110.00 on Wednesday. Shopify has a 1 year low of $88.90 and a 1 year high of $182.19. The company has a fifty day simple moving average of $121.76 and a 200 day simple moving average of $140.96. The company has a market cap of $143.45 billion, a P/E ratio of 108.91, a P/E/G ratio of 3.14 and a beta of 2.64.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, topping 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 firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. Equities research analysts forecast that Shopify will post 1.36 EPS for the current fiscal year.

Institutional Trading of Shopify

Several institutional investors have recently modified their holdings of the company. Kingdom Financial Group LLC. acquired a new stake in Shopify during the fourth quarter worth $26,000. Curio Wealth LLC acquired a new position in shares of Shopify in the 4th quarter valued at $27,000. Evolution Wealth Management Inc. raised its stake in shares of Shopify by 203.9% in the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Shopify during the 4th quarter worth about $29,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of Shopify during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify’s Q1 2026 results showed strong revenue growth, robust gross merchandise volume, and continued free-cash-flow strength, reinforcing that the core business is still expanding. Shopify’s Revenue Is Surging, but Stock Falls. Here’s Why It’s a Buying Opportunity.
• Positive Sentiment: Cathie Wood reportedly bought about $32 million of Shopify after the earnings report, which may be seen as a vote of confidence from a high-profile growth investor. Cathie Wood buys $32M of e-commerce goliath after strong earnings
• Positive Sentiment: AI is increasingly being highlighted as a growth driver for Shopify’s merchant tools and platform, supporting the longer-term growth narrative. Shopify’s Revenue Is Surging, but Stock Falls. Here’s Why It’s a Buying Opportunity.
• Neutral Sentiment: Several brokerages adjusted price targets this week, with some lowering targets but others reaffirming bullish views such as RBC’s outperform rating, suggesting expectations remain divided rather than clearly negative. Shopify (NASDAQ:SHOP) Receives Outperform Rating from Royal Bank Of Canada
• Neutral Sentiment: Commentary around unusual options activity and Shopify’s inclusion in high-conviction ETF holdings points to continued investor interest, but not necessarily a near-term catalyst. Unusual Shopify stock options activity signals a unique trade for income and upside
• Negative Sentiment: Recent coverage says Shopify’s valuation remains a near-term headwind, which helps explain why the stock has been sliding despite strong operating results. As Shopify Sinks 14% Following Earnings, Here’s What Barchart Data Says Comes Next for SHOP Stock
• Negative Sentiment: Some investors remain cautious after the earnings report, arguing the stock is still too expensive and that patience may be needed before the shares can recover. MarketBeat Week in Review – 05/04 – 05/08

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.