Shopify (TSE:SHOP)

TSX:SHOP

SHOP

Shopify

RESEARCH TOOLSreports

Want to see TSE:SHOP full AI Analyst Report?

Shopify (SHOP) Stock Forecast & Price Target

2,738 Followers

See the Price Targets and Ratings of:

All Analysts

Top Analysts

Premium

SHOP Analyst Ratings

Strong Buy

28 Buy

5 Hold

0 Sell

Based on 33 analysts giving stock ratings to

Shopify

in the past 3 months

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$221.42

▲(23.36% Upside)

Based on 33 Wall Street analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is C$221.42 with a high forecast of C$272.72 and a low forecast of C$156.81. The average price target represents a 23.36% change from the last price of C$179.49.

{"navigator":{"disabled":true},"exporting":{"enabled":false},"title":{"text":null},"chart":{"height":200,"style":{"fontFamily":"Roboto Flex, -apple-system, BlinkMacSystemFont, Segoe UI, Roboto, Helvetica, Arial, sans-serif, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol","fontWeight":"400","color":"#5d5d5e"},"spacingTop":30,"spacingRight":60,"events":null},"yAxis":{"labels":{"style":{"color":"inherit"},"distance":6,"x":-6,"y":-6,"zIndex":1,"map_label_formatter":{"133":"C$133","168":"C$168","203":"C$203","238":"C$238","273":"C$273"}},"plotLines":[{"color":"rgba(0,0,0,0)","value":272.721074,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":-10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-bottom flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#199ca5\">High </span>\n\n  <span style=\"color:#199ca5\">C$272.72</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":221.419399152,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":0,"text":"<div  class=\"positionrelative hoverZ3 triangleleft flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#828080\">Average </span>\n\n  <span style=\"color:#828080\">C$221.42</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":156.81461755,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-top flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#912767\">Low </span>\n\n  <span style=\"color:#912767\">C$156.81</span>\n  </div></div>","useHTML":true}}],"tickPositions":[133,168,203,238,273],"lineColor":"#dddddd","gridLineWidth":1,"gridLineColor":"#dddddd","lineWidth":1,"title":{"text":""}},"plotOptions":{"series":{"states":{"inactive":{"opacity":1}}},"line":{"animation":{"duration":0},"dataLabels":{"allowOverlap":true},"borderWidth":1,"marker":{"enabled":true,"fillColor":"#FFFFFF","radius":3,"lineWidth":2,"symbol":"circle","lineColor":"#828080"}}},"xAxis":{"labels":{"style":{"color":"inherit"},"rotation":0,"map_label_formatter":{"3":"Jul<br/>2025","6":"Oct<br/>2025","9":"Jan<br/>2026","12":"Apr<br/>2026","25":"Apr<br/>2027"}},"tickPositions":[3,6,9,12,25],"plotLines":[{"color":"#dddddd","width":1,"value":12},{"color":"#dddddd","width":1,"value":12}],"lineWidth":0,"gridLineWidth":1,"gridLineColor":"#dddddd","tickLength":0},"legend":{"symbolRadius":0,"symbolPadding":4,"symbolHeight":14,"borderWidth":0,"symbolWidth":14,"align":"left","verticalAlign":"bottom","enabled":false},"tooltip":{"backgroundColor":"rgba(0,0,0,0)","useHTML":true,"borderWidth":0,"borderColor":"rgba(0,0,0,0)","padding":0,"shadow":null,"headerFormat":"","footerFormat":"","pointFormat":"<div class=\"flexccc lineHeight2 bgwhite shadow2 px3 py3 radiismall fonth10_semibold\">\n                <span class=\"colorgray-3 mb4\">{point.date:%b %d ,%Y}</span>\n                <span>Analyst Consensus</span>\n                {point.info}\n          </div>\n           </div>"},"credits":{"enabled":false},"accessibility":{"description":""},"responsive":{"rules":[{"chartOptions":{"chart":{"spacing":[0,0,0,0],"margin":[30,60,40,5]},"xAxis":{"tickPositions":[3,12,25.25]},"yAxis":{"labels":{"enabled":false}},"title":{"text":null},"subtitle":{"text":null}},"condition":{"maxWidth":500}}]},"series":[{"lineWidth":2,"dashStyle":"ShortDash","name":"High","type":"line","color":"#199ca5","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,164.7,173.00931338461538,181.31862676923075,189.62794015384614,197.93725353846153,206.2465669230769,214.5558803076923,222.86519369230768,231.17450707692308,239.48382046153844,247.79313384615384,256.1024472307692,264.4117606153846,{"y":272.721074,"marker":{"fillColor":"#199ca5","lineColor":"#199ca5","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Average","type":"line","color":"#828080","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,164.7,169.063030704,173.42606140799998,177.789092112,182.152122816,186.51515352,190.878184224,195.241214928,199.60424563200002,203.967276336,208.33030704,212.69333774400002,217.056368448,{"y":221.419399152,"marker":{"fillColor":"#828080","lineColor":"#828080","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Low","type":"line","color":"#912767","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,164.7,164.09343211923076,163.48686423846152,162.8802963576923,162.27372847692308,161.66716059615385,161.06059271538462,160.45402483461538,159.84745695384615,159.24088907307691,158.6343211923077,158.02775331153848,157.42118543076924,{"y":156.81461755,"marker":{"fillColor":"#912767","lineColor":"#912767","enabled":true,"symbol":"circle"}}]},{"type":"line","data":[{"y":139.72,"date":1743465600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 44,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 18, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":134.33,"date":1746057600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 39,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 16, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":145.93,"date":1748736000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 37,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 18, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":157.06,"date":1751328000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 31,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 23, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":163.63,"date":1754006400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 31,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 24, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":191.71,"date":1756684800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 31,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 23, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":208.62,"date":1759276800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 32,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 17, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":243.86,"date":1761955200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 28,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 13, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":209.11,"date":1764547200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 29,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 16, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":221,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 26,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 17, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":180.62,"date":1769904000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 39,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 14, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":163.32,"date":1772323200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 39,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 11, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":164.7,"date":1775001600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 39,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 10, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"fillColor":"black","lineColor":"black","enabled":true,"symbol":"circle"}},null,null,null,null,null,null,null,null,null,null,null,null],"color":"#0666a7"}]}

Highest Price TargetC$272.72

Average Price TargetC$221.42

Lowest Price TargetC$156.81

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

John Shao

TD Cowen

C$216.81

Buy

20.79%

Upside

Reiterated

04/28/26

Analyst Reiterates Buy on Shopify, Citing Agentic AI Initiatives and Enterprise/B2B Momentum as Key Upside Drivers

Paul Treiber

RBC Capital

C$231.81

Buy

29.15%

Upside

Reiterated

04/22/26

Analysts Have Conflicting Sentiments on These Technology Companies: ServiceNow (NYSE: NOW), Shopify (NASDAQ: SHOP) and Lam Research (NASDAQ: LRCX)

Todd Coupland

CIBC

C$252.27

Buy

40.55%

Upside

Reiterated

04/16/26

Analysts Offer Insights on Technology Companies: TSMC (NYSE: TSM) and Shopify (NASDAQ: SHOP)

James Callahan CFA

Piper Sandler

C$224.99

Buy

25.35%

Upside

Reiterated

04/15/26

Analysts Offer Insights on Technology Companies: Broadcom (NASDAQ: AVGO), Sabre (NASDAQ: SABR) and Shopify (NASDAQ: SHOP)

Bryan Smilek

J.P. Morgan

C$204.54

Buy

13.96%

Upside

Reiterated

04/13/26

Analysts Are Bullish on Top Technology Stocks: Shopify (SHOP), EML Payments (EMCHF)

Trevor Young

Barclays

C$177.27

Hold

-1.24%

Downside

Reiterated

04/09/26

Analysts Are Neutral on Top Technology Stocks: CoreWeave (CRWV), Shopify (SHOP)

Siti Panigrahi

Mizuho Securities

―

Buy

―

Reiterated

03/25/26

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP) and JFrog (NASDAQ: FROG)

Terry Tillman

Truist Financial

C$204.54

Buy

13.96%

Upside

Reiterated

03/17/26

Analysts' Top Technology Picks: Shopify (SHOP), Microsoft (MSFT)

Samad Samana

Jefferies

C$170.45→C$204.54

Hold

13.96%

Upside

Reiterated

03/08/26

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP) and CrowdStrike Holdings (NASDAQ: CRWD)

Helena Wang

Phillip Securities

C$211.36→C$218.18

Buy

21.55%

Upside

Upgraded

02/18/26

Shopify upgraded to Buy from Neutral at Phillip SecuritiesShopify upgraded to Buy from Neutral at Phillip Securities

Gabriela Borges

Goldman Sachs

C$263.18→C$229.09

Buy

27.63%

Upside

Reiterated

02/13/26

Shopify (SHOP) Gets a Buy from Goldman Sachs

Tyler Radke

Citi

C$265.9→C$234.54

Buy

30.67%

Upside

Reiterated

02/13/26

Shopify price target lowered to $172 from $195 at CitiShopify price target lowered to $172 from $195 at Citi

Thanos Moschopoulos

BMO Capital

C$204.54→C$218.18

Buy

21.55%

Upside

Reiterated

02/12/26

Shopify price target raised to $160 from $150 at BMO CapitalShopify price target raised to $160 from $150 at BMO Capital

Colin Sebastian

Robert W. Baird

C$218.18

Buy

21.55%

Upside

Reiterated

02/12/26

Robert W. Baird Keeps Their Buy Rating on Shopify (SHOP)

Scott Devitt

Wedbush

C$252.27→C$218.18

Buy

21.55%

Upside

Reiterated

02/12/26

Shopify price target lowered to $160 from $185 at WedbushShopify price target lowered to $160 from $185 at Wedbush

Analyst Type

Any

Human Analysts

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

John Shao

TD Cowen

C$216.81

Buy

20.79%

Upside

Reiterated

04/28/26

Analyst Reiterates Buy on Shopify, Citing Agentic AI Initiatives and Enterprise/B2B Momentum as Key Upside Drivers

Paul Treiber

RBC Capital

C$231.81

Buy

29.15%

Upside

Reiterated

04/22/26

Analysts Have Conflicting Sentiments on These Technology Companies: ServiceNow (NYSE: NOW), Shopify (NASDAQ: SHOP) and Lam Research (NASDAQ: LRCX)

Todd Coupland

CIBC

C$252.27

Buy

40.55%

Upside

Reiterated

04/16/26

Analysts Offer Insights on Technology Companies: TSMC (NYSE: TSM) and Shopify (NASDAQ: SHOP)

James Callahan CFA

Piper Sandler

C$224.99

Buy

25.35%

Upside

Reiterated

04/15/26

Analysts Offer Insights on Technology Companies: Broadcom (NASDAQ: AVGO), Sabre (NASDAQ: SABR) and Shopify (NASDAQ: SHOP)

Bryan Smilek

J.P. Morgan

C$204.54

Buy

13.96%

Upside

Reiterated

04/13/26

Analysts Are Bullish on Top Technology Stocks: Shopify (SHOP), EML Payments (EMCHF)

Trevor Young

Barclays

C$177.27

Hold

-1.24%

Downside

Reiterated

04/09/26

Analysts Are Neutral on Top Technology Stocks: CoreWeave (CRWV), Shopify (SHOP)

Siti Panigrahi

Mizuho Securities

―

Buy

―

Reiterated

03/25/26

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP) and JFrog (NASDAQ: FROG)

Terry Tillman

Truist Financial

C$204.54

Buy

13.96%

Upside

Reiterated

03/17/26

Analysts' Top Technology Picks: Shopify (SHOP), Microsoft (MSFT)

Samad Samana

Jefferies

C$170.45→C$204.54

Hold

13.96%

Upside

Reiterated

03/08/26

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP) and CrowdStrike Holdings (NASDAQ: CRWD)

Helena Wang

Phillip Securities

C$211.36→C$218.18

Buy

21.55%

Upside

Upgraded

02/18/26

Shopify upgraded to Buy from Neutral at Phillip SecuritiesShopify upgraded to Buy from Neutral at Phillip Securities

Gabriela Borges

Goldman Sachs

C$263.18→C$229.09

Buy

27.63%

Upside

Reiterated

02/13/26

Shopify (SHOP) Gets a Buy from Goldman Sachs

Tyler Radke

Citi

C$265.9→C$234.54

Buy

30.67%

Upside

Reiterated

02/13/26

Shopify price target lowered to $172 from $195 at CitiShopify price target lowered to $172 from $195 at Citi

Thanos Moschopoulos

BMO Capital

C$204.54→C$218.18

Buy

21.55%

Upside

Reiterated

02/12/26

Shopify price target raised to $160 from $150 at BMO CapitalShopify price target raised to $160 from $150 at BMO Capital

Colin Sebastian

Robert W. Baird

C$218.18

Buy

21.55%

Upside

Reiterated

02/12/26

Robert W. Baird Keeps Their Buy Rating on Shopify (SHOP)

Scott Devitt

Wedbush

C$252.27→C$218.18

Buy

21.55%

Upside

Reiterated

02/12/26

Shopify price target lowered to $160 from $185 at WedbushShopify price target lowered to $160 from $185 at Wedbush

Stocks with the Highest Top Analyst Consensus in the Technology Sector

xxx

Find stocks in the Technology sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Shopify

3 Months

xxx

Success Rate

16/20 ratings generated profit

Average Return

+17.43%

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 3 Months would result in 80.00% of your transactions generating a profit, with an average return of +17.43% per trade.

1 Year

Andrew BooneCitizens JMP

Success Rate

18/20 ratings generated profit

Average Return

+34.48%

Copying Andrew Boone's trades and holding each position for 1 Year would result in 90.00% of your transactions generating a profit, with an average return of +34.48% per trade.

2 Years

xxx

Success Rate

18/20 ratings generated profit

Average Return

+126.10%

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 2 Years would result in 90.00% of your transactions generating a profit, with an average return of +126.10% 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

Dec 25

Jan 26

Feb 26

Mar 26

Apr 26

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, SHOP has received 39 Buy Ratings, 10 Hold Ratings, and 0 Sell Ratings. SHOP average Analyst price target in the past 3 months is 221.42.

Each month's total comprises the sum of three months' worth of ratings.

SHOP Financial Forecast

SHOP Earnings Forecast

Next quarter’s earnings estimate for SHOP is C$0.45 with a range of C$0.24 to C$0.54. The previous quarter’s EPS was C$0.65. SHOP beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 67.47% of the time in the same period. In the last calendar year SHOP has Performed in-line its overall industry.

SHOP Sales Forecast

Next quarter’s sales forecast for SHOP is C$4.23B with a range of C$4.15B to C$4.35B. The previous quarter’s sales results were C$5.12B. SHOP beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 71.75% of the time in the same period. In the last calendar year SHOP has Performed in-line its overall industry.

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 221.42.

What is TSE:SHOP’s upside potential, based on the analysts’ average price target?

Shopify has 23.36% upside potential, 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 Strong Buy which is based on 28 buy ratings, 5 hold ratings and 0 sell ratings.

What is Shopify’s price target?

The average price target for Shopify is 221.42. This is based on 33 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is C$272.72 ,the lowest forecast is C$156.81. The average price target represents 23.36% Increase from the current price of C$179.49.

What do analysts say about Shopify?

Shopify’s analyst rating consensus is a Strong Buy. This is based on the ratings of 33 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.

Shopify (SHOP) Stock Forecast & Price Target

SHOP Analyst Ratings

SHOP Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Shopify

SHOP Analyst Recommendation Trends

SHOP Financial Forecast

SHOP Earnings Forecast

SHOP Sales Forecast

SHOP Stock Forecast FAQ

Detailed List of Analyst Forecasts