ChartMill · Sep 4, 2026
Shopify (NASDAQ:SHOP) Combines Strong Growth with a Promising Technical Setup
Shopify passes Strong Growth screen with 9/10 growth, debt-free balance sheet, and consolidation below resistance. Watch for breakout above $153.
SH
NYSE · SHOP
Shopify Inc.
Technology · Software - Application
$145.88
Up+$2.78 (+1.91%)
Updated Sep 4, 2026, 2:56 PM
SID Score
6.5/10
Composite research score
Smart Money
60/100
Neutral
- Market cap
- 214.51B
- P/E ratio
- 120.28
- Dividend yield
- 0.00%
- 52-week range
- $94.00 – $182.19
- Volume
- 5.95M
- Avg. volume
- 8.49M
Price performance
SHOP price history
1M range · 21 trading sessions · Daily adjusted prices
SHOP closed at $145.88 after 21 trading sessions, down 1.06% for the selected period.
- Last close
- $145.88
- Period change
- -1.06%
- Period low
- $139.82
- Period high
- $158.53
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Sep 3, 2026 | $143.07 | $146.37 | $142.26 | $145.88 | 5.95M |
| Sep 2, 2026 | $139.65 | $142.055 | $138.90 | $141.87 | 6.21M |
| Sep 1, 2026 | $143.665 | $145.545 | $139.23 | $139.82 | 9.16M |
| Aug 31, 2026 | $150.70 | $151.28 | $144.88 | $147.37 | 7.02M |
| Aug 28, 2026 | $154.825 | $156.49 | $152.4564 | $152.90 | 4.99M |
| Aug 27, 2026 | $150.48 | $155.6899 | $150.20 | $154.33 | 6.71M |
| Aug 26, 2026 | $152.395 | $153.80 | $150.15 | $150.29 | 5.71M |
| Aug 25, 2026 | $149.915 | $154.66 | $149.26 | $153.88 | 5.96M |
| Aug 24, 2026 | $148.505 | $151.63 | $146.80 | $149.80 | 5.56M |
| Aug 21, 2026 | $147.65 | $149.46 | $145.09 | $149.25 | 5.32M |
| Aug 20, 2026 | $146.37 | $148.39 | $144.12 | $147.18 | 5.94M |
| Aug 19, 2026 | $146.64 | $149.78 | $145.61 | $146.58 | 6.2M |
| Aug 18, 2026 | $148.09 | $150.51 | $146.28 | $146.58 | 6.72M |
| Aug 17, 2026 | $152.51 | $153.30 | $148.14 | $148.65 | 7.75M |
| Aug 14, 2026 | $158.34 | $158.87 | $153.34 | $154.32 | 5.49M |
| Aug 13, 2026 | $152.295 | $158.73 | $151.1201 | $158.53 | 8.13M |
| Aug 12, 2026 | $151.98 | $153.4714 | $148.695 | $150.41 | 5.88M |
| Aug 11, 2026 | $153.85 | $155.00 | $151.56 | $152.61 | 8.28M |
| Aug 10, 2026 | $150.44 | $155.62 | $148.90 | $155.18 | 10.82M |
| Aug 7, 2026 | $148.425 | $152.85 | $145.6001 | $151.57 | 13.41M |
| Aug 6, 2026 | $143.70 | $148.09 | $142.1002 | $147.44 | 17.54M |
Latest SHOP news
The latest Smart Investors Daily articles mentioning SHOP.
Stock researchCompany · Overview
SHOP research
Overview
Company profile and research snapshot.
Company profile
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.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- Buy
- Average target
- $183.20
- Implied upside
- —
- Analysts
- 30
| Date | Firm | Rating | Target |
|---|---|---|---|
| Aug 20, 2026 | Rosenblatt | Buy | — |
| Aug 7, 2026 | Wells Fargo | Overweight | — |
| Aug 6, 2026 | Barclays | Equal-Weight | — |
| Aug 6, 2026 | Benchmark | Buy | — |
| Aug 6, 2026 | Evercore ISI Group | Outperform | — |
News briefing
No generated briefing is available yet.
Yahoo · Sep 3, 2026
Purpose Investments Announces Changes to Certain Investment Funds
TORONTO, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) today announced changes to the risk rating of four of its funds effective September 3, 2026. These changes are the result of the periodic review by Purpose to determine the risk level of its publicly offered investment funds in accordance with the standardized risk classification methodology pursuant to National Instrument 81-102 Investment Funds. No material changes have been made to the investment objectives, stra
Yahoo · Sep 3, 2026
Why Your Scrapbook Should Be as Important as Your Checkbook: A Wealth Adviser's Take
Intentionally using your wealth to create lasting memories with the people you love, rather than just saving for someday, is one of life's greatest gifts.
Benzinga · Sep 3, 2026
Cathie Wood Trims 40K Shopify Shares After August Rally: Where ARK Is Reinvesting?
Cathie Wood's ARK sold 40,392 Shopify shares after a 25% August rally. Here's what ARKK and ARKW are betting on next.
AI research layers
Interpretive context generated from the platform’s current data sources.
Shopify Inc. Stock Performance
Shopify Inc. has demonstrated strong short-term momentum, with shares trading at $145.88 and posting a one-month gain of 15.06% and a three-month return of 25.62%, per SID market data. The stock's year-over-year performance remains modest at 2.04%, reflecting significant volatility over the trailing twelve months. SHOP currently trades above both its 50-day moving average of $132.85 and its 200-day moving average of $131.29, indicating a bullish technical posture. However, the 14-day relative strength index stands at 30.8, placing the stock near oversold territory, which may suggest recent selling pressure despite the broader uptrend. Shopify carries a beta of 2.83, per Massive/Polygon data, underscoring its elevated volatility relative to the broader market. Average daily trading volume stands at approximately 8.49 million shares, supporting adequate liquidity for institutional positioning. The company's market capitalization is approximately $214.5 billion.
Shopify Inc. Valuation Analysis
Shopify Inc. trades at a price-to-earnings ratio of 120.28, reflecting a substantial premium relative to the broader Technology sector, per SID market data. The company's PEG ratio stands at negative 4.95, which complicates traditional growth-adjusted valuation assessments and suggests analyst consensus models project a contraction in earnings growth rates. The price-to-book ratio of 17.12, according to SEC filings, further underscores the market's elevated valuation of Shopify's intangible assets and platform ecosystem relative to its book value. Shopify does not pay a dividend, consistent with its reinvestment-oriented capital allocation strategy. At a market capitalization of approximately $214.5 billion, the stock is priced for significant future revenue and earnings expansion. Investors evaluating SHOP at current levels must weigh the premium multiple against the company's demonstrated ability to scale its merchant solutions and subscription revenue streams within the competitive e-commerce infrastructure landscape.
Smart Money Activity for SHOP
Shopify Inc. registers a composite smart money score of 59 out of 100 with an overall neutral signal, per SID market data. Institutional activity represents the strongest component, scoring a perfect 25 out of 25, indicating robust accumulation by large fund managers and institutional investors as reflected in 13F institutional filings. Insider activity scores 12.5 out of 25, suggesting a moderate level of insider transactions without a strong directional bias. Congressional trading activity scores 12 out of 25, reflecting limited but present legislative interest in the stock. Notably, dark pool activity scores just 9.6 out of 25, indicating below-average off-exchange institutional block trading relative to historical norms, according to SEC Form 4 filings and related disclosures. The divergence between high institutional ownership conviction and subdued dark pool flow may reflect that large holders are maintaining existing positions rather than aggressively building new ones at current price levels. This mixed profile warrants close monitoring for shifts in sentiment.
Shopify Inc. Earnings Outlook
Shopify Inc. has delivered consecutive earnings beats in its most recently reported quarters, according to company earnings reports. In the quarter reported on May 5, 2026, Shopify posted earnings per share of $0.36 against analyst estimates of $0.31, representing a positive surprise of $0.05. The quarter reported on August 5, 2026, showed EPS of $0.42 versus an estimate of $0.37, again beating expectations by $0.05 per share. For the upcoming quarter with results expected on May 7, 2026, analyst estimates project EPS of $0.29, while the February 18, 2026 quarter carries a consensus estimate of $0.5204, per analyst estimates. The consistent pattern of outperformance against consensus suggests Shopify's operational execution has exceeded Street expectations. The relatively higher estimate of $0.52 for the February quarter implies analysts anticipate seasonal strength in the company's merchant solutions and subscription revenue during the holiday-driven commerce period.
Wall Street Analyst Ratings for SHOP
Wall Street coverage of Shopify Inc. remains predominantly constructive, with recent analyst activity skewing bullish, per Wall Street analyst reports. On August 20, 2026, Rosenblatt initiated coverage of SHOP with a Buy rating, adding a new bullish voice to the consensus. Wells Fargo maintained its Overweight rating on August 7, 2026, while Benchmark and Evercore ISI Group both reiterated Buy and Outperform ratings respectively on August 6, 2026, following the company's earnings release. Barclays maintained its Equal-Weight rating on August 6, representing the sole neutral stance among the five most recent actions, per SID consensus data. Of the five recent analyst updates, four carry bullish-equivalent ratings, representing an 80% positive skew. The clustering of maintained ratings post-earnings suggests analysts view Shopify's fundamental trajectory as consistent with their existing theses. No downgrades were recorded in the most recent coverage cycle, indicating sustained institutional confidence in the company's competitive positioning within the e-commerce platform sector.
