Top 10 Stocks to Buy and Hold for the Long Term

​8. Shopify Inc. (NASDAQ:SHOP)

Number of Hedge Fund Holders: 88

Shopify Inc. (NASDAQ:SHOP) has gained more than 11% over the past month, mainly driven by a major $5 billion share repurchase authorization and strong fiscal Q1 2026 results. The stock ranks eighth among our Top Stocks to Buy and Hold for the Long Term.

​Wall Street is also generally bullish on Shopify Inc. (NASDAQ:SHOP) as 73% of the 52 analysts covering the stock maintain a Buy rating on the stock. Moreover, the 12-month average analyst price target suggests more than 38.5% upside from the current level.

​During the fiscal Q1 2026 earnings reported last month, the company reported revenue of $3.17 billion, surpassing estimates of $3.09 billion. The adjusted EPS of $0.36 also topped projections of $0.33. Management noted that the gross merchandise volume reached $100.7 billion, reflecting 35% year-over-year growth and also marking the second quarter of exceeding the $100 billion mark. The growth was attributed to broad-based performance across all geographies.

​Following the release, on May 28, UBS reiterated a Hold rating on the stock and maintained a price target of $130. The firm highlighted that Shopify’s POS segment accounts for around 12% of gross merchandise volume. UBS believes this could grow to nearly 20% by 2035, making it an increasingly important part of the company’s growth story. Moreover, UBS expects POS to contribute 300-500 basis points to Shopify’s 10-year GMV growth rate and 100-200 basis points to gross profit growth.

​Earlier on May 20, Piper Sandler reiterated a Buy rating on Shopify Inc. (NASDAQ:SHOP) with a price target of $150. The firm noted encouraging product adoption trends and a recovery in business momentum. Piper Sandler highlighted that a standout data point is Sidekick, Shopify’s AI assistant. The firm noted that usage of the assistant is up 100% to 200% among expert merchants, and reflects that the tool is delivering real value.

Shopify Inc. (NASDAQ:SHOP) operates as a commerce technology company. The company offers tools to run, start, market, and scale businesses of different sizes globally. It is also involved in the sale of themes and apps, advertising on the Shopify App Store, point-of-sale hardware, shipping labels through Shopify Shipping, and Shop Campaigns for buyer acquisitions.