Shopify Inc. (NASDAQ:SHOP) is among the many ARK Make investments Inventory Portfolio: Prime 10 Inventory Picks for 2026. On February 27, RBC Capital analyst Paul Treiber reiterated an Outperform ranking on the inventory with a share worth goal of $170.
This can be a reaffirmation of the agency’s earlier adjustment on February 12, when it slashed the worth goal to $170 from $200, citing the continuing share worth downturn amid broader issues about AI disruption within the business, whereas noting that the analyst expects the corporate to profit from AI.
RBC Capital maintained its Outperform ranking on the shares. The agency had additionally famous Shopify Inc. (NASDAQ:SHOP)’s ‘essentially sturdy’ outcomes in the course of the vacation quarter. The corporate’s income got here in at $3.67 billion, beating estimates of $3.59 billion.
Picture by Roberto Cortese on Unsplash
Nevertheless, it narrowly missed out on earnings expectations by three cents attributable to its ongoing international enlargement, investments in AI instruments, and elevated advertising and marketing bills, all of which mixed to dent profitability.
For Q1 2026, the e-commerce large anticipates income to develop within the low 30s, properly above Wall Avenue’s development forecast of 25.1%, as the corporate expects to profit from its enhanced AI focus and resilient client spending.
As of the shut of enterprise on March 5, the inventory is a Robust Purchase, with a median upside potential of 21%.
Shopify Inc. (NYSE:SHOP) offers an e-commerce platform over the Web that enables companies to promote on-line and in individual.
Whereas we acknowledge the potential of SHOP as an funding, we consider sure AI shares supply better upside potential and carry much less draw back threat. For those who’re on the lookout for a particularly undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring pattern, see our free report on the most effective short-term AI inventory.
READ NEXT: 40 Most Common Shares Amongst Hedge Funds Heading Into 2026 and 10 Finest Magic Method Shares for 2026.
Disclosure: None. Comply with Insider Monkey on Google Information.
