Cathie Wood’s Stock Portfolio: 2025 Stock Picks

8. Shopify Inc. (NYSE:SHOP)

ARK Investment Management’s Q3 Stake Value: $374.3 million

Number of Hedge Fund Holders: 56

Shopify Inc. (NYSE:SHOP) is a leading provider of commerce infrastructure, giving businesses the tools they need to establish, scale, and manage their operations at all levels. Shopify’s platform is used by millions of businesses in 175 countries, making it an important tool for supporting various organizations throughout the world.

RBC Capital Markets maintained its Outperform rating on Shopify Inc. (NYSE:SHOP), with a price objective of $130, putting the stock between the analyst range of $78 and $145. The business identified Shopify as a driving force behind the predicted expansion of the S&P/TSX Information Technology sub-sector, with Shopify’s strong growth trajectory highlighted by a 23.47% revenue gain in the last year.

Polen Capital mentioned Shopify Inc. (NYSE:SHOP) in its Q2 2024 investor letter. Here is what the fund said:

“Shopify’s business model combines 1) a mission-critical software business where merchants can run all their business operations from one dashboard and 2) a payments business with a long runway to increase attach rates and grow alongside merchants. Additionally, we believe the business possesses significant optionality to continue attaching existing merchant solutions and adding more merchant services as high-margin cross-sells. With several powerful tailwinds at their back (e-commerce, mobile commerce, social media, digital payments, seamless omnichannel, DTC, cloud software digitization) and a highly scalable business model, we think their growth will likely be stronger for longer than investors expect.”