Shopify Posts 29% GMV Growth, Analysts Set $145–$160 Targets and Assetmark Raises Stake
Benchmark and Citizens analysts set Shopify price targets at $145 and $160 after reporting 30% revenue growth over the past year. Q4 GMV rose 29% year-over-year with a 17.2% GAAP operating margin, while Assetmark added 17,252 shares to bring its stake to 200,168 shares.
1. Analyst Ratings and Targets
Benchmark reaffirmed its Buy rating on Shopify with a $145 price target, highlighting continued investment in the commerce platform. On the same day, Citizens maintained a Market Outperform rating but lowered its price target from $200 to $160, reflecting robust long-term positioning.
2. Q4 Financial and Operational Results
Shopify delivered 30% revenue growth over the past year and reported Q4 GMV growth of 29%, excluding currency effects, marking a slight 1% slowdown from Q3. GAAP operating margin reached 17.2%, up 70 basis points year-over-year, with nearly half of incremental GMV and merchant additions coming from markets outside North America.
3. Assetmark Raises Stake
Assetmark Inc. increased its Shopify position by 9.4% during the quarter, acquiring an additional 17,252 shares. The institutional investor now holds 200,168 shares, signaling confidence in Shopify’s growth and profitability trajectory.