Shopify Inc. (NASDAQ:SHOP – Get Free Report) (TSE:SHOP)’s share price reached a new 52-week high on Friday after TD Securities raised their price target on the stock from $130.00 to $156.00. Barclays upped their price target on Shopify from $94.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. ATB Capital downgraded Shopify to a “sector perform” rating in a research note on Thursday, August 7th. KeyCorp reiterated an “overweight” rating and set a $175.00 target price (up from $145.00) on shares of Shopify in a research note on Thursday, August 7th. According to MarketBeat, Shopify presently has a consensus rating of “Hold” and an average price target of $150.59.