ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala
TLDR Shopify’s stock surged by 8.7% after receiving an upgrade from MoffettNathanson and positive sentiment from investors. MoffettNathanson upgraded Shopify’s TLDR Shopify’s stock surged by 8.7% after receiving an upgrade from MoffettNathanson and positive sentiment from investors. MoffettNathanson upgraded Shopify’s

Shopify (SHOP) Stock Soars 8.7% After Upgrade and Positive Sentiment

Author: Blockonomi
Source: Blockonomi
2026/02/11 03:28
3 min read

TLDR

  • Shopify’s stock surged by 8.7% after receiving an upgrade from MoffettNathanson and positive sentiment from investors.
  • MoffettNathanson upgraded Shopify’s stock from “Neutral” to “Buy” and set a new price target of $150.00.
  • The upgrade boosted investor optimism ahead of Shopify’s upcoming quarterly earnings announcement.
  • Shopify’s stock has been volatile with 33 moves greater than 5% over the past year.
  • Despite today’s surge, Shopify is still down 18.7% year-to-date and trading 28.6% below its 52-week high.

Shopify’s (SHOP) stock surged 8.7% during the morning session today after an upgrade from MoffettNathanson and positive sentiment among investors. This surge comes just ahead of the company’s scheduled earnings report. The upgrade from a “Neutral” to a “Buy” rating and a new price target of $150.00 sparked investor optimism.


SHOP Stock Card
Shopify Inc., SHOP

Upgrade from MoffettNathanson Boosts Confidence

MoffettNathanson upgraded Shopify’s stock from “Neutral” to “Buy” and set a new price target of $150.00. This shift reflects a positive outlook for the company, with analysts predicting strong growth potential in the coming quarters. “The upgrade reflects our confidence in Shopify’s business model and the company’s ability to drive future growth,” MoffettNathanson noted in its report.

This upgrade comes at a time when investor sentiment is generally positive, contributing to the stock’s upward movement. The broader market’s gains also played a role in boosting Shopify’s share price today. However, this is not an isolated event, as analysts across multiple firms have given the stock a consensus “Buy” rating.

SHOP Stock Remains Volatile but Attractive to Investors

Despite today’s jump, Shopify’s stock remains volatile, with 33 moves greater than 5% over the past year. This shows that while the stock can be highly unpredictable, it still attracts attention from investors seeking potential growth. Today’s 8.7% surge, though substantial, is not seen as a game-changer by many analysts.

Recent analyst commentary continues to reflect optimism for Shopify’s future. Last month, Citizens maintained a “Market Outperform” rating on Shopify and set a price target of $200.00. Analysts expect Shopify’s sales volume to accelerate, driven by market share gains and healthy returns for merchants through advertising.

Shopify’s Performance in 2026 and Beyond

Shopify’s stock is down 18.7% since the start of 2026, and it is currently trading 28.6% below its 52-week high. At $127.76 per share, Shopify’s performance has left some investors questioning its long-term outlook.

However, the company continues to show resilience, and analysts remain largely positive on its future growth prospects. With a long-term growth strategy focused on expanding its e-commerce platform, Shopify’s stock could benefit from future gains in both revenue and market share.

The post Shopify (SHOP) Stock Soars 8.7% After Upgrade and Positive Sentiment appeared first on Blockonomi.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Hauser’s Stark Warning Charts Reveal Persistent Economic Pressure

Hauser’s Stark Warning Charts Reveal Persistent Economic Pressure

The post Hauser’s Stark Warning Charts Reveal Persistent Economic Pressure appeared on BitcoinEthereumNews.com. RBA Inflation Crisis: Hauser’s Stark Warning Charts
Share
BitcoinEthereumNews2026/02/11 11:04
Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 04:36
Stripe x402 Payment Protocol Revolutionizes AI Agent Transactions on Base Blockchain

Stripe x402 Payment Protocol Revolutionizes AI Agent Transactions on Base Blockchain

BitcoinWorld Stripe x402 Payment Protocol Revolutionizes AI Agent Transactions on Base Blockchain In a groundbreaking development for both artificial intelligence
Share
bitcoinworld2026/02/11 11:45