{
  "id": 18006014,
  "title": "Jefferies reiterates Buy on Shopify stock with $175 price target",
  "url": "https://urgent.news/2026/11/03/jefferies-reiterates-buy-on-shopify-stock-with-175-price-target",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T19:02:53.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/jefferies-reiterates-buy-on-shopify-stock-with-175-price-target-93CH-4996243"
  },
  "original_language": "en",
  "account": "Jefferies has maintained its positive outlook on Shopify Inc. (NASDAQ:SHOP) stock, upgrading the rating to Buy and holding a $175.00 price target. The stock traded at $146.74 in the latest session, having fallen from $157.49 the previous day. Shopify's e-commerce platform achieved 30% growth in gross merchandise volume in constant currency and 28% growth in gross profit dollars, despite facing more stringent comparisons. For the past year, revenue grew by 32.5%, according to InvestingPro data. While Jefferies acknowledged the results were impressive, they were not as strong as anticipated. The decline in the stock price aligns with the challenging environment in the technology sector. Jefferies identified three key factors contributing to Shopify's strength: durable growth at scale, reduced risk concerns due to commentary on personal agents, and disciplined operating expenses. The firm believes investors should capitalize on the current weakness, as they do not foresee the decline continuing. Subscribers to InvestingPro can access 15 additional ProTips for Shopify, along with comprehensive Pro Research Reports on over 1,400 US stocks, offering expert analysis and actionable intelligence.",
  "summary": null,
  "key_points": [
    "Jefferies upgrades Shopify stock to Buy with $175 price target",
    "Shopify e-commerce platform saw 30% GMV growth and 28% profit growth",
    "Growth, reduced risk concerns, and disciplined expenses drive Shopify strength"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}