---
title: "Shopify beats Q4 expectations, with GMV of $123.8B and revenue of $3.7B. Analysts cut price targets but maintain positive ratings."
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/275784748.md"
description: "Shopify Inc (NASDAQ: SHOP) reported a strong Q4 with GMV of $123.8B and revenue of $3.7B, surpassing expectations. However, shares fell as analysts adjusted price targets: Wedbush to $160, Goldman Sachs to $168, Needham at $180, and JPMorgan to $146. Despite the positive growth of 31.1% YoY in GMV and 30.6% YoY in revenue, concerns about AI risks in eCommerce were noted. Q1 revenue growth is anticipated in the low 30% range."
datetime: "2026-02-12T16:15:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275784748.md)
  - [en](https://longbridge.com/en/news/275784748.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275784748.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/275784748.md) | [繁體中文](https://longbridge.com/zh-HK/news/275784748.md)


# Shopify beats Q4 expectations, with GMV of $123.8B and revenue of $3.7B. Analysts cut price targets but maintain positive ratings.

Shopify Inc (NASDAQ: SHOP) saw a decline in shares despite a positive fourth-quarter report. Analyst reactions included: Wedbush cut price target to $160, Goldman Sachs to $168, Needham maintained at $180, and JPMorgan reduced to $146. Shopify's GMV was $123.8 billion, up 31.1% YoY, exceeding consensus. Revenue was $3.7 billion, up 30.6% YoY, beating expectations by 2%. Q1 revenue growth is expected in low 30%. Perceived AI risks in eCommerce models exist according to analysts. Shopify's full story can be found on Benzinga.com.

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