Shopify (NASDAQ:SHOP) Stock Price Target Cut by Cantor Fitzgerald

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its price target cut by analysts at Cantor Fitzgerald from $158.00 to $150.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. Cantor Fitzgerald‘s price objective indicates a potential upside of 5.21% from the company’s previous close.

A number of other research analysts also recently commented on SHOP. Citizens Jmp boosted their target price on Shopify from $150.00 to $185.00 and gave the company a “market outperform” rating in a research note on Thursday, August 6th. ATB Cormark Capital Markets cut Shopify from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 22nd. Benchmark raised their price objective on shares of Shopify from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 target price (up from $180.00) on shares of Shopify in a research note on Friday, October 16th. Finally, Stifel Nicolaus set a $210.00 target price on shares of Shopify and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.49.

Shopify Stock Down 8.7%

Shares of Shopify stock opened at $142.57 on Wednesday. The stock has a 50-day moving average price of $152.77 and a 200 day moving average price of $130.13. The company has a market cap of $183.44 billion, a P/E ratio of 96.33, a P/E/G ratio of 3.23 and a beta of 2.65. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. Shopify has a 1 year low of $94.00 and a 1 year high of $180.88.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, November 3rd. The software maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. Shopify had a return on equity of 12.58% and a net margin of 14.53%. The firm had revenue of $3.74 billion during the quarter. During the same quarter in the previous year, the business posted $0.34 earnings per share. The company’s revenue was up 31.6% compared to the same quarter last year. As a group, analysts expect that Shopify will post 1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Shopify

Several large investors have recently bought and sold shares of SHOP. The Manufacturers Life Insurance Company raised its position in shares of Shopify by 8.5% during the first quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock valued at $998,137,000 after buying an additional 660,198 shares during the last quarter. Swiss National Bank boosted its position in shares of Shopify by 27.0% during the 1st quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock valued at $487,580,000 after acquiring an additional 876,100 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Shopify by 4.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,678,602 shares of the software maker’s stock valued at $436,356,000 after acquiring an additional 145,500 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Shopify by 4.8% during the 1st quarter. Bank of New York Mellon Corp now owns 3,495,964 shares of the software maker’s stock valued at $414,691,000 after acquiring an additional 159,873 shares in the last quarter. Finally, Amova Asset Management Americas Inc. increased its stake in Shopify by 5.0% in the first quarter. Amova Asset Management Americas Inc. now owns 3,458,265 shares of the software maker’s stock valued at $410,219,000 after acquiring an additional 165,080 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reported Q3 revenue of about $3.7 billion, up 32% year over year, and earnings per share of $0.49, above analyst estimates. Operating income rose 66%, and free cash flow increased 61% to $816 million. Shopify Stock Fell After Its Report. Here’s the Price I’d Pay for It.
• Positive Sentiment: Management highlighted momentum in AI-enabled commerce: AI traffic was up 2.6 times, while Shop Pay gross merchandise volume grew 50%. The company’s Q4 outlook was also described as upbeat. Shopify Q3 2026 Earnings Call Highlights
• Positive Sentiment: ARK Invest bought Shopify shares after the post-earnings sell-off, and Jefferies encouraged investors to buy on weakness—providing some support for the bullish view. ARK Invest Buys Shopify Shares After Sell-Off
• Negative Sentiment: The main trigger for the decline was Q3 GMV of $119.1 billion, slightly below expectations, alongside misses in subscription revenue and, in some reports, total revenue. Investors appear to have treated these shortfalls as more important than the earnings beat. Shopify Falls After Q3 Revenue and Merchandise Volume Miss Estimates
• Negative Sentiment: Gross profit grew more slowly than revenue, and higher AI computing and pre-holiday infrastructure costs may weigh on margins. That has added to concern that growth and profitability may not match the expectations embedded in Shopify’s valuation. Shopify Sinks as Q3 Falls Short of Lofty Expectations

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.