A number of brokerages have recently weighed in on SHOP. Royal Bank Of Canada raised their target price on Shopify from $145.00 to $170.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. TD Securities lifted their price objective on Shopify from $145.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Zacks Research upgraded Shopify to a "hold" rating in a research report on Tuesday, August 12th. Arete Research upgraded Shopify to a "hold" rating in a research report on Wednesday, July 23rd. Finally, Canaccord Genuity Group lifted their price objective on Shopify from $115.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Twenty-four equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the stock.