---
title: "Shopify: Moschopoulos Reiterates Buy as Strong Fundamentals and Margin Discipline Offset Trimmed Price Target"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285483350.md"
description: "BMO Capital analyst Thanos Moschopoulos reiterated a Buy rating on Shopify, setting a price target of $145. He cites strong fundamentals, including revenue and profit exceeding expectations, and effective cost control leading to margin expansion. Despite trimming the price target due to a cautious valuation environment, he believes Shopify's long-term growth potential remains undervalued. KeyBanc also maintained a Buy rating with a $160 target."
datetime: "2026-05-07T04:05:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285483350.md)
  - [en](https://longbridge.com/en/news/285483350.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285483350.md)
---

# Shopify: Moschopoulos Reiterates Buy as Strong Fundamentals and Margin Discipline Offset Trimmed Price Target

BMO Capital analyst Thanos Moschopoulos maintained a Buy rating on Shopify yesterday and set a price target of $145.00.

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Thanos Moschopoulos has given his Buy rating due to a combination of factors that highlight Shopify’s strong fundamentals and execution. He points to revenue, gross profit, operating income, and free cash flow all surpassing market expectations, supported by broad-based strength in gross merchandise volume across regions, sales channels, and payment adoption, including notable gains in Europe and newer offerings such as B2B and Shop App.

At the same time, he underscores Shopify’s operating discipline, with margin expansion driven by tight cost control and leverage despite higher AI-related spending, and notes that management’s guidance implies solid growth and healthy free cash flow margins without evidence of macro softness so far. Although he trims the target price to reflect a more cautious valuation environment for software, he argues that the current share price still undervalues Shopify’s long-term growth potential, advantaged competitive position, and opportunities to capture additional share in its expanding addressable market, particularly as it leads in emerging areas like agentic commerce.

In another report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $160.00 price target.

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