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SHOP
SHORTSHOPIFY INC
Funds
3
Score
3.00
vs SPY
-16.2%
Stock return (since Q-end)
+0.1%
SPY return (since Q-end)
+16.3%
Current price
$118.71
News Summary
NeutralShopify delivered a strong Q1 2026 beat with 34% revenue growth, $100B+ quarterly GMV, and 13-fold growth in AI-powered orders, positioning the company well in agentic commerce. However, Q2 guidance disappointed with deceleration to high-twenties revenue growth and softer profit outlook, triggering a 15% stock selloff and analyst price target reductions (~12.77% downward revision).
Red flags
- •Q2 2026 guidance below expectations—revenue growth decelerating from 34% to high-twenties, gross profit growth expected in mid-twenties
- •Stock sold off 15% post-earnings despite beating Q1 estimates, indicating guidance disappointment outweighed results beat
- •Analyst price target consensus revised downward ~12.77% in past three months; Wolfe Research and BMO downgraded with concerns about full valuation
- •Mixed analyst sentiment with notable downgrades citing high expectations and limited upside despite 'Moderate Buy' consensus
Funds Reducing / Exiting (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | QoQ | Status |
|---|---|---|---|---|---|---|
| Durable Capital Partners | Henry Ellenbogen | 972K | -1,071,529 | $115.3B | -52% | Existing |
| Altimeter Capital | Brad Gerstner | 0 | — | — | -100% | EXITED |
| Soros Fund Management | Soros Family Office | 0 | — | — | -100% | EXITED |
Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter.