Rating Change
Baird reiterated its Outperform rating on Shopify Inc. (NASDAQ:SHOP) on October 14, 2026.
reiterateNASDAQ:SHOP
Baird Reiterates Outperform Rating on Shopify Inc. (SHOP)
Baird reiterated its Outperform rating on Shopify Inc. (NASDAQ:SHOP) on October 14, 2026.
At publication ·
What changed
Shopify Inc. (NASDAQ:SHOP) · reiterate
- Firm
- Baird
- Rating
- Outperform to Outperform
- Price at event
- $172.50
- Market capitalization
- $214.5B
At a glance
Key takeaways
- Baird reiterated an Outperform rating on Shopify on October 14, 2026, with the stock trading at $172.50 and a market cap of $214.5 billion.
Market Context
Shopify Inc. operates in the Technology sector. The stock currently trades at $172.50 with a market capitalization of $214.5B. The stock has gained 16.9% over the past 52 weeks.
Analyst coverage from Baird provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for Shopify Inc.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for Shopify Inc.
Among the 10 most recent ratings: 8 Buy, 2 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Oct 14, 2026 | Baird | Outperform | N/A |
| Oct 12, 2026 | Cantor Fitzgerald | Neutral | N/A |
| Oct 06, 2026 | JP Morgan | Overweight | N/A |
| Sep 23, 2026 | Wedbush | Outperform | N/A |
| Sep 11, 2026 | Bernstein | Outperform | N/A |
Related Tools: Analyst Ratings Dashboard | View SHOP Stock Page
Frequently Asked Questions
What does the Outperform rating mean for SHOP?
A rating of Outperform from Baird reflects the analyst's outlook on Shopify Inc. (NASDAQ:SHOP). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the SHOP forecast page.