Piper Sandler raises target for Shopify stock from USD 172 to USD 180

Published on 10/05/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 3.58 billion in the second quarter of 2026. Shopify stock costs EUR 134.68 on October 5, 2026 versus EUR 134.52.

SHOP, CA82509L1076, Illustration mit AI erstellt.

Shopify (ISIN CA82509L1076) was trading at EUR 134.68 at Lang & Schwarz on October 5, 2026 at 11:08 a.m. CEST, while Piper Sandler raised its target for Shopify from USD 172.00 to USD 180.00 on September 8, 2026, according to CNN. The combination of a fresh target revision and Shopify's latest operating figures keeps attention on growth quality rather than the euro quote alone.

Revenue reaches USD 3.58 billion

Shopify reported USD 3.58 billion in revenue for the second quarter of 2026, up 34.00 percent year over year, while gross merchandise volume reached USD 116.00 billion, up 32.00 percent. Benzinga reported the figures from the company's second-quarter earnings call.

The finance statements show operating profit of USD 488.0 million and net income attributable to common shareholders of USD 1.5 billion in the second quarter of 2026. Operating margin was 14.00 percent, while operating cash flow reached USD 658.0 million, giving the quarter a more profitable profile than the first quarter's USD 3.17 billion revenue and USD 382.0 million operating profit.

AI commerce supports the outlook

Management expects revenue growth in the low 30s percentage range for the third quarter of 2026, with operating expenses at 33.00 percent to 34.00 percent of revenue and free cash flow margin in the high-teens to low-20s range, according to Benzinga. That implies a measured deceleration from second-quarter revenue growth of 34.00 percent, but continued expansion above the rate of many mature software businesses.

Zacks said adjusted earnings per share reached USD 0.42 in the second quarter of 2026, 7.69 percent above consensus, while Shopify Payments penetration rose 3.00 percentage points year over year to 68.00 percent of global GMV. That payments mix is important because it links merchant volume to Shopify's own monetization.

Target revision meets valuation risk

The higher Piper Sandler target sits above the current NASDAQ quote in US dollars, but the company still carries a demanding valuation. MarketBeat lists a consensus target of USD 172.00 and a Moderate Buy consensus based on 48 ratings, according to its October 4, 2026 update.

Shopify's primary listing is NASDAQ, where the stock was last at USD 151.39 on October 2, 2026 at 4:00 p.m. ET. The 52-week NASDAQ range was USD 81.64 to USD 182.19, and the market capitalization was USD 196.5 billion as of October 2, 2026.

Shopify stock stays near its recent range

At Lang & Schwarz, Shopify was trading at EUR 134.68 on October 5, 2026 at 11:08 a.m. CEST, plus 0.12 percent versus the prior close of EUR 134.52 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Shopify stock.