11 Best Software Stocks to Invest In According to Billionaires

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8. Shopify Inc. (NASDAQ:SHOP)

Shopify Inc. (NASDAQ:SHOP) is one of the 11 best software stocks to invest in according to billionaires.

On March 9, 2026, Shopify Inc. (NASDAQ:SHOP) received analyst confidence following OpenAI’s decision not to proceed with its plans to enable users to complete purchases directly inside ChatGPT.

Analysts at Jefferies revisited the stock following the decision, viewing the ChatGPT-maker’s decision as a reflection of Shopify Inc.’s (NASDAQ:SHOP) competitive position within the agentic commerce ecosystem and expressing confidence in the company’s e-commerce infrastructure.

With the company’s robust platform and continued investment in AI, the firm believes Shopify Inc. (NASDAQ:SHOP) is well-positioned within the agentic commerce setting and could become the go-to agent-enablement toolkit for merchants.

Raising the firm’s price target on Shopify Inc. (NASDAQ:SHOP) from $125 to $150, analysts at Jefferies reiterated a “Hold” rating.

Meanwhile, the company’s strong recent accelerating growth drew attention from analysts at Truist amid softness in the software industry. The firm remains confident in the company’s ability to materially benefit from agentic commerce and to expand its market share beyond the 14%+ share of U.S. e-commerce going forward. Accordingly, the firm views the recent plunge in the software group’s valuation as an attractive buying point for long-term investors.

In mid-February 2026, Truist upgraded Shopify Inc. (NASDAQ:SHOP) from “Hold” to “Buy” and raised its price target from $110 to $150.

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