Jeremy Lefebvre on Shopify (SHOP): the quotes, dated.
7 dated quotes about Shopify stock (SHOP), selected from 121 of the 122 Jeremy Lefebvre videos published since 2025-09-10 — a selected record, not the complete history. Each links to the exact second on YouTube, with SHOP’s close that day and what the stock did since.
Every quote is reproduced word for word from the video and linked to the second it was said.
- SHOP close, 2026-10-23
- $168.68
- Price since the first forecast, Sep 29, 2025
- +13.2%
- S&P 500 (SPY), same period
- +14.5%
- vs the S&P 500
- -1.3 pp
- Latest stance, Aug 5, 2026
- Valuation view
- Mentions found
- 107 in 36 of 121 videos
The short version
In September 2025 Jeremy Lefebvre said they owned Shopify in their Patreon portfolio, up 125%, and had no ambition to sell. In November 2025 they said almost everybody should own Amazon and Shopify. In December 2025 they called it the second biggest Patreon position at over 10% weighting. In May 2026 they called Shopify a buy, but cautioned that it always sold off hard when markets went risk-off. In July 2026 they ranked it a seven, a pretty decent buy. In August 2026 they acknowledged it was an expensive stock but said it was expensive for good reason.
Summary of the quotes on this page. Updated .
What Jeremy Lefebvre said last · Aug 5, 2026
Valuation view
“And so, it's expensive. Absolutely, Shopify's an expensive stock. But it's expensive for good reason.”
Bullish call · Price rose
The price rose since the first bullish quote.
SHOP from to . Price movement, not the creator’s realized return.
Price up since 6 of 7 quotes · Stock ahead of SPY: 4 of 7
Leaderboard result: Lagged the market (6 months, → ). Scored from the first close after the video, . How it is scored
Jeremy Lefebvre’s price target and valuation calls on SHOP
A price target, a fair-value estimate and a price worth buying at are different things. Each line below quotes which one was said, and when.
Valuation view
And so, it's expensive. Absolutely, Shopify's an expensive stock. But it's expensive for good reason.
Price and the calls
Use the left and right arrow keys to explore daily closing prices, Home and End for the first and last date, and Escape to dismiss the price tooltip. Tab to a numbered marker and press Enter to jump to its quote. Month-end prices are also available in the table below.
SHOP · daily close, split-adjusted · 2025-09-02 → 2026-10-23 · source: Yahoo Finance
Table view: month-end closes
| Month end | Close |
|---|---|
| 2025-09-30 | $149 |
| 2025-10-31 | $174 |
| 2025-11-28 | $159 |
| 2025-12-31 | $161 |
| 2026-01-30 | $131 |
| 2026-02-27 | $121 |
| 2026-03-31 | $119 |
| 2026-04-30 | $121 |
| 2026-05-29 | $119 |
| 2026-06-30 | $114 |
| 2026-07-31 | $117 |
| 2026-08-31 | $147 |
| 2026-09-30 | $148 |
| 2026-10-23 | $169 |
Use the left and right arrow keys to explore daily closing prices, Home and End for the first and last date, and Escape to dismiss the price tooltip. Tab to a numbered marker and press Enter to jump to its quote. Month-end prices are also available in the table below.
SHOP · daily close, split-adjusted · 2025-09-02 → 2026-10-23 · source: Yahoo Finance
Table view: month-end closes
| Month end | Close |
|---|---|
| 2025-09-30 | $149 |
| 2025-10-31 | $174 |
| 2025-11-28 | $159 |
| 2025-12-31 | $161 |
| 2026-01-30 | $131 |
| 2026-02-27 | $121 |
| 2026-03-31 | $119 |
| 2026-04-30 | $121 |
| 2026-05-29 | $119 |
| 2026-06-30 | $114 |
| 2026-07-31 | $117 |
| 2026-08-31 | $147 |
| 2026-09-30 | $148 |
| 2026-10-23 | $169 |
What Jeremy Lefebvre said, when
- 1
— Hold, bullish
21:07 “Right now, as far as Shopify goes, listen, man, I have I own this stock in the Patreon portfolio. It's been a tremendous performer for me, up 125%. I have no ambition to sell those shares of Shopify.”
Discussing whether Shopify would keep rising after its run from 2022 lows; they went on to say it could become a trillion-dollar company in the 2030s.
- 2
— Named as a pick
14:22 “And honestly, this is a stock that I feel like there's two companies that almost everybody should own. One is Amazon, one is Shopify, right?”
Reviewing Shopify's quarterly results; they described it as the second biggest position in their Patreon portfolio.
- 3
— Disclosed holding
25:28 “It's the second biggest position for me in the Patreon portfolio. It's over 10% waiting which shows how much I believe in this particular stock.”
Part of a list of stocks with the most upside, where they called Shopify the most underrated big tech company.
- 4
— Named as a pick
34:10 “But, um my fourth best stock in that portfolio when it comes to percentage gainer is a company name Shopify. It's a 59.48% gain, and Shopify is a buy.”
Discussing Shopify's just-reported earnings, including 34% revenue growth.
- 5
— Risk acknowledged
36:13 “When the market goes risk-off, it's a stock that always sells off hard. When the market goes risk-on, we have a lot of fun, okay?”
Said right after stating they expected a lot more gains ahead over time for Shopify.
- 6
— Named as a pick
7:02 “This one is a seven. This is a pretty decent buy as of right now.”
Ranking stocks to buy on a ten-point scale; they cited expected 30%-plus revenue growth and a two-year forward P/E in the 30s.
- 7
— Valuation view
4:39 “And so, it's expensive. Absolutely, Shopify's an expensive stock. But it's expensive for good reason.”
Responding to the view that Shopify's forward P/E is high, citing revenue growth above 30% and net income growth above 60%.
No quote added since · 22 later videos from Jeremy Lefebvre · covers videos through
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How to read this
Quotes are short excerpts from Jeremy Lefebvre's public YouTube videos, attributed to the speaker and linked to the timestamp. “Close that day” is SHOP's split-adjusted closing price on the day the video was published (New York time); if markets were closed that day, the last close before it. If the stock has split since a quote, the card shows the price it traded at that day and, beneath it, the split-adjusted close the % change uses. “Since” compares that close with the latest close on 2026-10-23. It is a price observation, not the creator's realized return, and not investment advice. How the price change is calculated. Next to it we show SPY, the ETF tracking the S&P 500, over the same two dates — so a move can be read against the market rather than on its own: why we compare with SPY. Each quote also carries a label — Named as a pick, Risk acknowledged, Reducing — describing what kind of statement it was: see what the labels mean.
Coverage: 121 of 122 videos published since 2025-09-10 covered; 107 Shopify mentions found. Prices as of 2026-10-23.
Independent record — not affiliated with or endorsed by Jeremy Lefebvre. Request a correction or removal