Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company's platform provides merchants to run their business in 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, and access financing. It also sells custom themes and apps, and registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
IPO Year:
Exchange: NYSE
Website: shopify.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/8/2025 | Equal Weight → Overweight | CapitalOne | |
| 5/6/2025 | $120.00 | Outperform | BMO Capital Markets |
| 5/5/2025 | $100.00 | Outperform → Neutral | BNP Paribas Exane |
| 4/14/2025 | $110.00 → $85.00 | Neutral | Mizuho |
| 2/10/2025 | $150.00 | Hold → Buy | The Benchmark Company |
| 1/10/2025 | $115.00 | Neutral | New Street |
| 1/6/2025 | $115.00 → $125.00 | Neutral → Outperform | Wedbush |
| 12/6/2024 | $110.00 → $140.00 | Hold → Buy | Loop Capital |
| 11/21/2024 | Hold → Sell | DZ Bank | |
| 9/17/2024 | $99.00 | Neutral → Buy | Redburn Atlantic |
CapitalOne upgraded Shopify from Equal Weight to Overweight
BMO Capital Markets initiated coverage of Shopify with a rating of Outperform and set a new price target of $120.00
BNP Paribas Exane downgraded Shopify from Outperform to Neutral and set a new price target of $100.00
Mizuho reiterated coverage of Shopify with a rating of Neutral and set a new price target of $85.00 from $110.00 previously
The Benchmark Company upgraded Shopify from Hold to Buy and set a new price target of $150.00
New Street initiated coverage of Shopify with a rating of Neutral and set a new price target of $115.00
Wedbush upgraded Shopify from Neutral to Outperform and set a new price target of $125.00 from $115.00 previously
Loop Capital upgraded Shopify from Hold to Buy and set a new price target of $140.00 from $110.00 previously
DZ Bank downgraded Shopify from Hold to Sell
Redburn Atlantic upgraded Shopify from Neutral to Buy and set a new price target of $99.00