Shopify (NYSE:SHOP) Upgraded at Wedbush

Wedbush upgraded shares of Shopify (NYSE:SHOP) (TSE:SHOP) from a neutral rating to an outperform rating in a report issued on Monday morning, Marketbeat Ratings reports. The brokerage currently has $125.00 target price on the software maker’s stock, up from their previous target price of $115.00. Wedbush also issued estimates for Shopify’s Q2 2025 earnings at $0.22 EPS.

SHOP has been the topic of several other research reports. Scotiabank boosted their price target on shares of Shopify from $75.00 to $80.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Atb Cap Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. KeyCorp raised their price target on Shopify from $80.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. DZ Bank cut Shopify from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company increased their price objective on Shopify from $90.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.88.

Shopify Trading Up 0.9 %

Shares of SHOP opened at $107.74 on Monday. Shopify has a fifty-two week low of $48.56 and a fifty-two week high of $120.72. The business has a 50-day moving average of $106.27 and a 200 day moving average of $83.83. The firm has a market cap of $139.21 billion, a P/E ratio of 100.69, a price-to-earnings-growth ratio of 2.98 and a beta of 2.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.10 and a current ratio of 7.10.

Institutional Trading of Shopify

Several hedge funds have recently added to or reduced their stakes in SHOP. Sunbelt Securities Inc. increased its holdings in shares of Shopify by 0.7% in the third quarter. Sunbelt Securities Inc. now owns 14,504 shares of the software maker’s stock worth $1,162,000 after buying an additional 105 shares during the period. Moser Wealth Advisors LLC increased its stake in Shopify by 1.4% in the 3rd quarter. Moser Wealth Advisors LLC now owns 9,424 shares of the software maker’s stock worth $755,000 after purchasing an additional 128 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Shopify by 7.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,983 shares of the software maker’s stock worth $159,000 after purchasing an additional 129 shares during the period. Rosenberg Matthew Hamilton lifted its position in Shopify by 41.3% in the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock valued at $36,000 after purchasing an additional 133 shares during the last quarter. Finally, CVA Family Office LLC boosted its stake in shares of Shopify by 11.8% during the third quarter. CVA Family Office LLC now owns 1,354 shares of the software maker’s stock valued at $109,000 after purchasing an additional 143 shares during the period. 69.27% of the stock is owned by institutional investors.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.