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Shopify (TSE:SHOP)
TSX:SHOP
SHOP Analyst Ratings
Moderate Buy
24 Buy
11 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
SHOP Stock 12 Month Forecast
Average Price Target
C$156.36
▼(-0.08%Downside)
| Highest Price TargetC$184.59 | Average Price TargetC$156.36 | Lowest Price TargetC$116.23 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
TipRanks
C$170
Buy
8.63%
Upside
Reiterated
05/29/25
Shopify's strong financial performance and positive earnings call are the most significant factors driving the stock's score. While the technical analysis supports a bullish trend, the high P/E ratio impacts the valuation negatively. Overall, Shopify demonstrates a robust growth trajectory with strategic initiatives that enhance its market position.
Barclays
C$128.53
Hold
-17.87%
Downside
Reiterated
07/09/25
Cantor Fitzgerald
C$124.43
Hold
-20.49%
Downside
Reiterated
07/02/25
Benchmark Co.
C$170.92
Buy
9.22%
Upside
Reiterated
06/18/25
D.A. Davidson
C$157.25→C$170.92
Buy
9.22%
Upside
Reiterated
06/16/25
Wells Fargo
C$146.31→C$170.92
Buy
9.22%
Upside
Reiterated
06/06/25
RBC Capital
C$170.92
Buy
9.22%
Upside
Reiterated
05/30/25
Scotiabank
C$123.06
Hold
-21.36%
Downside
Reiterated
05/30/25
Phillip Securities
C$191.43→C$177.76
Buy
13.59%
Upside
Reiterated
05/15/25
Loop Capital Markets
C$164.08
Buy
4.85%
Upside
Reiterated
05/13/25
Accountability Research
―
Hold
―
Upgraded
05/13/25
Truist Financial
―
Hold
―
Reiterated
05/12/25
Citi
C$184.59
Buy
17.96%
Upside
Reiterated
05/11/25
Morgan Stanley
C$144.94→C$153.14
Buy
-2.14%
Downside
Reiterated
05/09/25
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
TipRanks
C$170
Buy
8.63%
Upside
Reiterated
05/29/25
Shopify's strong financial performance and positive earnings call are the most significant factors driving the stock's score. While the technical analysis supports a bullish trend, the high P/E ratio impacts the valuation negatively. Overall, Shopify demonstrates a robust growth trajectory with strategic initiatives that enhance its market position.
Barclays
C$128.53
Hold
-17.87%
Downside
Reiterated
07/09/25
Cantor Fitzgerald
C$124.43
Hold
-20.49%
Downside
Reiterated
07/02/25
Benchmark Co.
C$170.92
Buy
9.22%
Upside
Reiterated
06/18/25
D.A. Davidson
C$157.25→C$170.92
Buy
9.22%
Upside
Reiterated
06/16/25
Wells Fargo
C$146.31→C$170.92
Buy
9.22%
Upside
Reiterated
06/06/25
RBC Capital
C$170.92
Buy
9.22%
Upside
Reiterated
05/30/25
Scotiabank
C$123.06
Hold
-21.36%
Downside
Reiterated
05/30/25
Phillip Securities
C$191.43→C$177.76
Buy
13.59%
Upside
Reiterated
05/15/25
Loop Capital Markets
C$164.08
Buy
4.85%
Upside
Reiterated
05/13/25
Accountability Research
―
Hold
―
Upgraded
05/13/25
Truist Financial
―
Hold
―
Reiterated
05/12/25
Citi
C$184.59
Buy
17.96%
Upside
Reiterated
05/11/25
Morgan Stanley
C$144.94→C$153.14
Buy
-2.14%
Downside
Reiterated
05/09/25
Best Analysts Covering Shopify
1 Month
xxx
Success Rate
16/21 ratings generated profit
Average Return
+5.67%
reiterated a xxx
rating 23 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 76.19% of your transactions generating a profit, with an average return of +5.67% per trade.
3 Months
xxx
Success Rate
14/17 ratings generated profit
Average Return
+17.29%
reiterated a xxx
rating 25 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 82.35% of your transactions generating a profit, with an average return of +17.29% per trade.
1 Year
Success Rate
17/19 ratings generated profit
Average Return
+68.28%
reiterated a buy rating 2 months ago
Copying Todd Coupland's trades and holding each position for 1 Year would result in 89.47% of your transactions generating a profit, with an average return of +68.28% per trade.
2 Years
xxx
Success Rate
16/17 ratings generated profit
Average Return
+130.29%
reiterated a xxx
rating 25 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 94.12% of your transactions generating a profit, with an average return of +130.29% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
SHOP Analyst Recommendation Trends
Rating
Mar 25
Apr 25
May 25
Jun 25
Jul 25
Strong Buy
3
4
6
3
2
Buy
33
40
33
34
20
Hold
17
16
15
17
17
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
53
60
54
54
39
Each month's total comprises the sum of three months' worth of ratings.
SHOP Financial Forecast
SHOP Stock Forecast FAQ
What is TSE:SHOP’s average 12-month price target, according to analysts?
Based on analyst ratings, Shopify’s 12-month average price target is 156.36.
What is TSE:SHOP’s upside potential, based on the analysts’ average price target?
Currently there's no upside potential for TSE:SHOP, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is TSE:SHOP a Buy, Sell or Hold?
Shopify has a consensus rating of Moderate Buy which is based on 24 buy ratings, 11 hold ratings and 0 sell ratings.
What is Shopify’s price target?
The average price target for Shopify is 156.36. This is based on 35 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is C$184.59 ,the lowest forecast is C$116.23. The average price target represents -0.08% Decrease from the current price of C$156.49.
The highest analyst price target is C$184.59 ,the lowest forecast is C$116.23. The average price target represents -0.08% Decrease from the current price of C$156.49.
What do analysts say about Shopify?
Shopify’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 35 Wall Streets Analysts.
How can I buy shares of TSE:SHOP?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.