Shopify (NASDAQ:SHOP) Given New $185.00 Price Target at JPMorgan Chase & Co.

Shopify (NASDAQ:SHOP) (TSE:SHOP) had its price target lifted by JPMorgan Chase & Co. from $155.00 to $185.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “overweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 26.02% from the company’s current price.

Several other research analysts have also commented on the company. BMO Capital Markets set a $165.00 price target on Shopify and gave the stock an “outperform” rating in a research report on Thursday. Evercore reissued an “outperform” rating and set a $175.00 price target (up from $135.00) on shares of Shopify in a research report on Wednesday. Benchmark lifted their price objective on shares of Shopify from $145.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald increased their target price on shares of Shopify from $127.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Citigroup restated an “outperform” rating on shares of Shopify in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $169.72.

Shopify Stock Up 1.8%

Shares of NASDAQ SHOP traded up $2.56 during midday trading on Thursday, reaching $146.80. 10,717,904 shares of the company’s stock traded hands, compared to its average volume of 10,830,533. The stock’s 50 day simple moving average is $117.98 and its 200-day simple moving average is $119.65. Shopify has a one year low of $94.00 and a one year high of $182.19. The company has a market cap of $190.50 billion, a price-to-earnings ratio of 145.35, a P/E/G ratio of 2.66 and a beta of 2.58.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $3.58 billion during the quarter. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. Equities analysts predict that Shopify will post 1.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SHOP. Brighton Jones LLC increased its holdings in shares of Shopify by 2.8% in the fourth quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after purchasing an additional 584 shares during the period. AQR Capital Management LLC increased its holdings in Shopify by 107.3% in the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock worth $1,392,000 after buying an additional 7,544 shares during the period. Sivia Capital Partners LLC raised its position in Shopify by 6.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after buying an additional 506 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in Shopify during the 2nd quarter valued at approximately $53,000. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Shopify by 15.3% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker’s stock valued at $1,284,000 after acquiring an additional 1,479 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reported second-quarter revenue of $3.58 billion, up 33.7% year over year, while adjusted earnings of $0.42 per share exceeded the $0.40 consensus estimate. The company also delivered more than 30% growth in gross merchandise volume, gross profit, and free cash flow, with an 18% free-cash-flow margin. Shopify Delivers Big: 30%+ Growth Across GMV, Revenue, Gross Profit and Free Cash Flow
• Positive Sentiment: Third-quarter revenue is forecast at $3.7 billion to $3.8 billion, above the approximately $3.6 billion analyst consensus, implying low-30% growth and signaling continued momentum. Shopify Expects Q3 Revenue Growth in the Low 30s
• Positive Sentiment: AI-related traffic and orders to Shopify merchants tripled year over year, while the company is expanding “agentic commerce” tools and integrating AI across its platform. Investors viewed AI platforms such as ChatGPT and Gemini as potential partners that can send customers to Shopify stores rather than as direct threats. Shopify’s AI Traffic Triples
• Positive Sentiment: Analysts raised their targets following the report: Goldman Sachs to $194, Citizens JMP to $185, Wedbush to $176, and Benchmark to $170. Each maintained a bullish rating, reinforcing expectations for further upside. Shopify Analysts Increase Their Forecasts
• Neutral Sentiment: Cantor Fitzgerald raised its target to $145 but retained a neutral rating, indicating that some analysts remain cautious after the sharp move and Shopify’s premium valuation.

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.