Shopify (SHOP) Stock News

RBC Capital increased its price target for Shopify Inc. from $180.00 to $200.00 per share.

Deutsche Bank says Shopify's AI checkout advantage will take time. Near-term revenue impact is negligible despite strong Q3 expectations.

Cantor Fitzgerald increased its price target for Shopify from $145.00 to $158.00.

Barron's technical analyst Doug Busch says Shopify's sales growth and chart patterns support further upside. The stock cleared a double-bottom pivot at $151.39 and is riding an eight-session winning streak. Busch targets $191 by year-end and $237 by end 2027, with a buy zone near $160.

headline: Shopify shares fall 3.48%, underperform TSX on down session brief: Shopify (SHOP) dropped 3.48% to C$200.46 in a down session for the Canadian market. Trading volume of 3.2M shares exceeded the 50-day average of 2.2M. The stock closed 20.8% below its 52-week high. No catalyst was cited in the report.

Amazon has blocked Meta's Muse AI agent from its retail site. Shopify has partnered with Muse to enable AI-powered checkout on all Shopify stores.

Upgrades: HSBC upgraded YPF to Buy (PT $60). Deutsche Bank upgraded PMT to Buy (PT $12). KBW upgraded NYAX to Outperform (PT $75). Wells Fargo upgraded OKTA to Overweight (PT $180). Rothschild Redburn upgraded AAPL to Buy (PT $400, from $260). Berenberg upgraded MBLY to Buy (PT $11). Northland upgraded ALAB to Outperform. Downgrades: JPMorgan downgraded YSS to Neutral (PT $17). KBW downgraded BCSF to Market Perform (PT $13) and CCAP to Market Perform (PT $12). Raymond James downgraded ARX to Market Perform. Barclays downgraded MUR to Underweight (PT $34). Phillip Securities downgraded SHOP to Accumulate (PT $170). Deutsche Bank downgraded WDAY to Hold (PT $220); BTIG downgraded to Neutral. Clear Street downgraded KNTK to Hold (PT $57). Coverage: BMO Capital resumed GNL at Outperform (PT $10).