ARK Invest Stock Portfolio: Top 5 Stock Picks for 2026

2. Shopify Inc. (NASDAQ:SHOP)

Stake Value as of Q4 2025: $640,483,134

Number of Hedge Fund Holders: 101

Shopify Inc. (NASDAQ:SHOP) is among the ARK Invest Stock Portfolio: Top 10 Stock Picks for 2026. On February 27, RBC Capital analyst Paul Treiber reiterated an Outperform rating on the stock with a share price target of $170.

This is a reaffirmation of the firm’s earlier adjustment on February 12, when it slashed the price target to $170 from $200, citing the ongoing share price downturn amid broader concerns about AI disruption in the industry, while noting that the analyst expects the company to benefit from AI.

RBC Capital maintained its Outperform rating on the shares. The firm had also noted Shopify Inc. (NASDAQ:SHOP)’s ‘fundamentally strong’ results during the holiday quarter. The company’s revenue came in at $3.67 billion, beating estimates of $3.59 billion.

However, it narrowly missed out on earnings expectations by three cents due to its ongoing global expansion, investments in AI tools, and increased marketing expenses, all of which combined to dent profitability.

For Q1 2026, the e-commerce giant anticipates revenue to grow in the low 30s, well above Wall Street’s growth forecast of 25.1%, as the company expects to benefit from its enhanced AI focus and resilient consumer spending.

As of the close of business on March 5, the stock is a Strong Buy, with an average upside potential of 21%.

Shopify Inc. (NYSE:SHOP) provides an e-commerce platform over the Internet that allows businesses to sell online and in person.