10 Best Software Stocks to Buy According to Billionaires

7. Shopify Inc. (NYSE:SHOP)

Number of Billionaire Investors: 16

Billionaire Holdings: $1.5 Billion

Number of Hedge Fund Holders: 64

Shopify Inc. (NYSE:SHOP) is a Canadian e-commerce company that provides a cloud-based platform for businesses to create and manage online stores. The platform offers tools for payments, marketing, shipping, and customer engagement, making it a one-stop solution for merchants.

On March 6, Wells Fargo analyst Andrew Bauch reaffirmed a Buy rating on Shopify Inc. (NYSE:SHOP) with an unchanged price target of $135. For his positive stance, he cited confidence in the company’s momentum across enterprise, offline, and B2B sectors. He believes that the company is addressing tariff-related challenges by strengthening local commerce, a key move given its reliance on cross-border transactions.

The analyst further noted that merchant growth remained strong, with expansion evenly spread between Europe and the U.S., reinforcing Shopify Inc. (NYSE:SHOP)’s market presence. The enterprise segment offers significant potential, as businesses often start with Shopify’s payment solutions before adopting more services. The analyst concluded that with AI-driven efficiencies, stable headcount, and a disciplined investment approach, Shopify Inc. (NYSE:SHOP) is well-positioned to maintain margin strength while continuing to scale.