Shopify (SHOP) is up 17.8% today. Here is some analysis on what might have caused this price movement.
Analysis: The most likely driver is Shopify’s second-quarter <a href="https://bitcomme.com/i-evaluated-6-best-analytics-platforms-on-g2-for-2026/” title=”I Evaluated 6 Best Analytics Platforms on G2 for 2026″>2026 earnings release, which showed strong year-over-year growth in revenue, gross profit, and operating income. Investors also appear to be responding to signs that the company is scaling efficiently, with margins holding up as the business grows. A larger buyback authorization announced earlier this summer may have added to the bullish backdrop, but the earnings report looks like the main catalyst.
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
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$SHOP Hedge Fund Activity
We have seen 752 institutional investors add shares of $SHOP stock to their portfolio, and 923 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL WORLD INVESTORS removed 14,125,861 shares (-29.5%) from their portfolio in Q1 2026, for an estimated $1,622,284,506
- CAPITAL INTERNATIONAL INVESTORS added 11,716,933 shares (+30.6%) to their portfolio in Q1 2026, for an estimated $1,345,631,170
- CAPITAL RESEARCH GLOBAL INVESTORS added 9,723,990 shares (+507.0%) to their portfolio in Q1 2026, for an estimated $1,116,751,631
- JENNISON ASSOCIATES LLC removed 9,452,863 shares (-58.0%) from their portfolio in Q2 2026, for an estimated $1,079,327,897
- ROCKEFELLER CAPITAL MANAGEMENT L.P. removed 6,000,846 shares (-91.3%) from their portfolio in Q1 2026, for an estimated $689,167,158
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 5,073,528 shares (-83.5%) from their portfolio in Q1 2026, for an estimated $582,669,323
- GOLDMAN SACHS GROUP INC removed 4,033,730 shares (-30.6%) from their portfolio in Q1 2026, for an estimated $463,253,721
To track hedge funds’ stock portfolios, check out Quiver Quantitative’s institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$SHOP Analyst Ratings
Wall Street analysts have issued reports on $SHOP in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a “Buy” rating on 02/12/2026
- Mizuho issued a “Outperform” rating on 02/12/2026
To track analyst ratings and price targets for $SHOP, check out Quiver Quantitative’s $SHOP forecast page.
$SHOP Price Targets
Multiple analysts have issued price targets for $SHOP recently. We have seen 18 analysts offer price targets for $SHOP in the last 6 months, with a median target of $150.0.
- Tal Liani from B of A Securities set a target price of $150.0 on 07/07/2026
- Gil Luria from DA Davidson set a target price of $140.0 on 05/06/2026
- Paul Treiber from RBC Capital set a target price of $170.0 on 05/06/2026
- Trevor Young from Barclays set a target price of $126.0 on 05/06/2026
- Andrew Boone from Citizens set a target price of $150.0 on 05/06/2026
- Ken Gawrelski from Wells Fargo set a target price of $144.0 on 05/06/2026
- Tyler Radke from Citigroup set a target price of $156.0 on 05/06/2026
This article is not financial advice. See Quiver Quantitative’s disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
