Shopify (SHOP) Draws Analyst Attention Amid Expanding Margins, Accelerating GMV, And Deeper Integration Of AI Across Its Platform Shopify Inc. (NASDAQ:SHOP), with significant hedge fund interest, ranks among the 10 best SaaS stocks to buy according to hedge funds.
As of Q1 2026, 88 hedge funds held bullish positions in the stock, representing $4.38 billion in aggregate value
Shopify Inc. (NASDAQ:SHOP)’s latest earnings release, featuring expanding margins, accelerating GMV, and deeper integration of AI across its platform, drew attention from analysts. On May 7, 2026, Citizens lowered its price target on Shopify Inc. (NASDAQ:SHOP) to $150 from $160 while keeping an “Outperform” rating on the shares. The firm said Shopify delivered stronger-than-expected results with solid GMV growth, expanding operating margins, and slightly better-than-consensus revenue guidance.
Citizens cited broad-based merchant strength, disciplined execution, and continued investment in AI and customer acquisition as supporting factors. That note followed first-quarter earnings reported on May 5, 2026. Shopify Inc. (NASDAQ:SHOP) posted 34% revenue growth and a 15% free cash flow margin in the quarter.