• Jefferies updates Shopify's rating to "Hold" with a stock price of $132.20.
• Shopify's focus on agentic commerce and AI strategy drives positive outlook ahead of Q4 2025 earnings report.
• Company guidance suggests year-over-year sales growth of 25-29% and gross profit growth of 20-25% for the fourth quarter.

Shopify Inc. (NASDAQ:SHOP) is a leading e-commerce platform that enables businesses to create online stores. It offers a range of services, including payment processing, marketing, and shipping solutions. Shopify competes with other e-commerce giants like Amazon and eBay. On February 2, 2026, Jefferies updated its rating for Shopify to "Hold," with the stock priced at $132.20.

Jefferies expects Shopify to report strong fourth-quarter fundamentals. This optimism is shared by others, as Shopify has been upgraded to a 'buy' rating ahead of its Q4 2025 earnings report. The company's focus on agentic commerce and AI strategy is a key driver of this positive outlook. The integration of AI is crucial to Shopify's business model, helping to boost revenue growth and expand its market reach.

Shopify's management has provided guidance for a year-over-year sales growth of 25-29% and a gross profit growth of 20-25% for the fourth quarter. Market consensus suggests that Shopify will exceed these targets, which are considered conservative. This potential for growth is reflected in the stock's current price of $132.20, an increase of 0.74% from the previous day.

The stock has experienced fluctuations, with a trading range between $130.48 and $136.62 during the day. Over the past year, Shopify's stock has seen a high of $182.19 and a low of $69.84. The company has a market capitalization of approximately $172.1 billion, indicating its significant presence in the e-commerce industry. Today's trading volume for Shopify is 12,194,414 shares, highlighting investor interest.