Shopify (SHOP)

• Market cap: $191B
• 1 day: -0.46%
• 5 days: 1.84%
• 1 month: 2.86%
• 3 months: 35.84%
• 6 months: 52.41%
• Year to date: 36.9%
• 1 year: 100.07%
• 5 years: 66.3%
• 10 years: 4,993.77%
• Sector: Technology
• Industry: Software - Application

About: Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Employees: 8,100

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

77% more first-time investments, than exits

New positions opened: 219 | Existing positions closed: 124

31% more call options, than puts

Call options by funds: $3.09B | Put options by funds: $2.35B

22% more capital invested

Capital invested by funds: $79.6B [Q1] → $97.3B (+$17.6B) [Q2]

16% more repeat investments, than reductions

Existing positions increased: 579 | Existing positions reduced: 497

5% more funds holding

Funds holding: 1,459 [Q1] → 1,528 (+69) [Q2]

0.62% more ownership

Funds ownership: 68.56% [Q1] → 69.18% (+0.62%) [Q2]

2% less funds holding in top 10

Funds holding in top 10: 49 [Q1] → 48 (-1) [Q2]

Research analyst outlook

20 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $120
• Avg. target: $159
• High target: $195

20 analyst ratings

• positive: 13 65%
• neutral: 7 35%
• negative: 0 0%

Citigroup Tyler Radke	$195	Buy Maintained	8 Aug 2025
Evercore ISI Group Mark Mahaney	$170	Outperform Maintained	8 Aug 2025
Canaccord Genuity David Hynes	$165	Buy Maintained	7 Aug 2025
JP Morgan Reginald Smith	$179	Overweight Maintained	7 Aug 2025
Scotiabank Kevin Krishnaratne	$150	Sector Perform Maintained	7 Aug 2025