14 Tech Stocks to Sell Now According to Ken Fisher

Page 9 of 12

4. Shopify Inc. (NASDAQ:SHOP)

Percentage of stake sold by Fisher Asset Management in Q2 2025: 95%

Fisher Asset Management’s Q2 Stake Value: $2,578,363

Number of Hedge Fund Holders: 69

Shopify Inc. (NASDAQ:SHOP) is included in our list of the 14 Tech Stocks to Sell Now According to Ken Fisher.

Cantor Fitzgerald reaffirmed its ‘Neutral’ rating on Shopify Inc. (NASDAQ:SHOP) with a $156 price target on August 27, 2025. The investment firm cited steady cross-border performance. Analyst Deepak Mathivanan highlighted the company’s cross-border transactions, which made up 15% of its total GMV in Q2 2025, while about 4% of global GMV was shipped under de minimis exemptions.

Furthermore, the analyst noted that Shopify Inc. (NASDAQ:SHOP) has not experienced significant changes in GMV levels from merchants using China’s de minimis exemption since regulatory shifts in May. The rating reflects a cautious stance, acknowledging the company’s global commerce flows while awaiting clearer catalysts for growth momentum.

Shopify Inc. (NASDAQ:SHOP), a commerce technology company, provides tools for businesses to sell, manage, and scale across online, offline, and international channels with integrated payments, shipping, and analytics. It is one of the stocks to sell.

Page 9 of 12