Shopify (SHOP) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

All Analysts

Top Analysts

Premium

SHOP Analyst Ratings

Moderate Buy

21 Buy

12 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$160.71

▼(-5.81%Downside)

Based on 33 Wall Street analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is C$160.71 with a high forecast of C$197.90 and a low forecast of C$122.83. The average price target represents a -5.81% change from the last price of C$170.62.

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<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 38,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 21, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":80.64,"date":1722470400000,"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 38,\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":99.81,"date":1725148800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n         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Highest Price TargetC$197.90

Average Price TargetC$160.71

Lowest Price TargetC$122.83

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

TipRanks AITipRanks

Not Ranked

TipRanks

C$186

Buy

9.01%

Upside

Reiterated

07/17/25

Shopify's overall stock score is bolstered by its strong financial performance and positive earnings call sentiment, reflecting robust growth and strategic expansion. However, high valuation metrics and potential margin pressures present risks. The stock's technical indicators suggest a positive trend, but investors should be cautious of the high P/E ratio.

Andrew BooneCitizens JMP

Citizens JMP

C$184.25

Buy

7.99%

Upside

Reiterated

07/23/25

New Buy Rating for Shopify (SHOP), the Technology GiantCitizens JMP analyst Andrew Boone reiterated a Market Outperform rating and $135.00 price target on Shopify (NASDAQ: SHOP).

Rocco StraussArete Research

Arete Research

―

Hold

―

Downgraded

07/23/25

Shopify downgraded to Neutral from Buy at AreteShopify downgraded to Neutral from Buy at Arete

Paul TreiberRBC Capital

RBC Capital

C$197.9

Buy

15.99%

Upside

Reiterated

07/22/25

Shopify (SHOP): New Buy Recommendation for This Technology Giant

Anthony ChukumbaLoop Capital Markets

Loop Capital Markets

C$163.78

Hold

-4.01%

Downside

Downgraded

07/22/25

Shopify downgraded to Hold from Buy at Loop CapitalShopify downgraded to Hold from Buy at Loop Capital

Todd CouplandCIBC

CIBC

C$170.6→C$197.9

Buy

15.99%

Upside

Reiterated

07/18/25

Analysts Are Bullish on These Technology Stocks: Shopify (SHOP), Block (XYZ)

J. Parker LaneStifel Nicolaus

Stifel Nicolaus

C$136.48→C$150.13

Hold

-12.01%

Downside

Reiterated

07/15/25

Shopify price target raised to $110 from $100 at StifelShopify price target raised to $110 from $100 at Stifel

Colin SebastianRobert W. Baird

Robert W. Baird

C$150.13→C$163.78

Buy

-4.01%

Downside

Reiterated

07/14/25

Shopify price target raised to $120 from $110 at BairdShopify price target raised to $120 from $110 at Baird

Scott BergNeedham

Needham

C$184.25

Buy

7.99%

Upside

Initiated

07/14/25

Shopify attracts a new bull rating as Needham points to durable growth opportunityNeedham initiated coverage on Shopify ( NASDAQ:SHOP ) on Monday with a Buy rating.

Trevor YoungBarclays

Barclays

C$128.29

Hold

-24.81%

Downside

Reiterated

07/09/25

Barclays Remains a Hold on Shopify (SHOP)

Deepak MathivananCantor Fitzgerald

Cantor Fitzgerald

C$124.2

Hold

-27.21%

Downside

Reiterated

07/02/25

Shopify (SHOP) Receives a Hold from Cantor Fitzgerald

Mark ZgutowiczBenchmark Co.

Benchmark Co.

C$170.6

Buy

>-0.01%

Downside

Reiterated

06/18/25

Positive Outlook for Shopify Amid Strategic Changes at Meta

Gil LuriaD.A. Davidson

D.A. Davidson

C$156.95→C$170.6

Buy

>-0.01%

Downside

Reiterated

06/16/25

D.A. Davidson Remains a Buy on Shopify (SHOP)

Andrew BauchWells Fargo

Wells Fargo

C$146.04→C$170.6

Buy

>-0.01%

Downside

Reiterated

06/06/25

Analysts Conflicted on These Technology Names: Broadcom (NASDAQ: AVGO), Gitlab (NASDAQ: GTLB) and Shopify (NASDAQ: SHOP)

Kevin KrishnaratneScotiabank

Scotiabank

C$122.83

Hold

-28.01%

Downside

Reiterated

05/30/25

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP) and Yext (NYSE: YEXT)

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

TipRanks AITipRanks

Not Ranked

TipRanks

C$186

Buy

9.01%

Upside

Reiterated

07/17/25

Andrew BooneCitizens JMP

Citizens JMP

C$184.25

Buy

7.99%

Upside

Reiterated

07/23/25

New Buy Rating for Shopify (SHOP), the Technology GiantCitizens JMP analyst Andrew Boone reiterated a Market Outperform rating and $135.00 price target on Shopify (NASDAQ: SHOP).

Rocco StraussArete Research

Arete Research

―

Hold

―

Downgraded

07/23/25

Shopify downgraded to Neutral from Buy at AreteShopify downgraded to Neutral from Buy at Arete

Paul TreiberRBC Capital

RBC Capital

C$197.9

Buy

15.99%

Upside

Reiterated

07/22/25

Shopify (SHOP): New Buy Recommendation for This Technology Giant

Anthony ChukumbaLoop Capital Markets

Loop Capital Markets

C$163.78

Hold

-4.01%

Downside

Downgraded

07/22/25

Shopify downgraded to Hold from Buy at Loop CapitalShopify downgraded to Hold from Buy at Loop Capital

Todd CouplandCIBC

CIBC

C$170.6→C$197.9

Buy

15.99%

Upside

Reiterated

07/18/25

Analysts Are Bullish on These Technology Stocks: Shopify (SHOP), Block (XYZ)

J. Parker LaneStifel Nicolaus

Stifel Nicolaus

C$136.48→C$150.13

Hold

-12.01%

Downside

Reiterated

07/15/25

Shopify price target raised to $110 from $100 at StifelShopify price target raised to $110 from $100 at Stifel

Colin SebastianRobert W. Baird

Robert W. Baird

C$150.13→C$163.78

Buy

-4.01%

Downside

Reiterated

07/14/25

Shopify price target raised to $120 from $110 at BairdShopify price target raised to $120 from $110 at Baird

Scott BergNeedham

Needham

C$184.25

Buy

7.99%

Upside

Initiated

07/14/25

Shopify attracts a new bull rating as Needham points to durable growth opportunityNeedham initiated coverage on Shopify ( NASDAQ:SHOP ) on Monday with a Buy rating.

Trevor YoungBarclays

Barclays

C$128.29

Hold

-24.81%

Downside

Reiterated

07/09/25

Barclays Remains a Hold on Shopify (SHOP)

Deepak MathivananCantor Fitzgerald

Cantor Fitzgerald

C$124.2

Hold

-27.21%

Downside

Reiterated

07/02/25

Shopify (SHOP) Receives a Hold from Cantor Fitzgerald

Mark ZgutowiczBenchmark Co.

Benchmark Co.

C$170.6

Buy

>-0.01%

Downside

Reiterated

06/18/25

Positive Outlook for Shopify Amid Strategic Changes at Meta

Gil LuriaD.A. Davidson

D.A. Davidson

C$156.95→C$170.6

Buy

>-0.01%

Downside

Reiterated

06/16/25

D.A. Davidson Remains a Buy on Shopify (SHOP)

Andrew BauchWells Fargo

Wells Fargo

C$146.04→C$170.6

Buy

>-0.01%

Downside

Reiterated

06/06/25

Analysts Conflicted on These Technology Names: Broadcom (NASDAQ: AVGO), Gitlab (NASDAQ: GTLB) and Shopify (NASDAQ: SHOP)

Kevin KrishnaratneScotiabank

Scotiabank

C$122.83

Hold

-28.01%

Downside

Reiterated

05/30/25

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP) and Yext (NYSE: YEXT)

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

1 Month

xxx

Success Rate

16/21 ratings generated profit

Average Return

+6.25%

reiterated a xxx

rating last month

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 +6.25% per trade.

3 Months

xxx

Success Rate

14/17 ratings generated profit

Average Return

+18.66%

reiterated a xxx

rating last month

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 +18.66% per trade.

1 Year

Bhavin ShahDeutsche Bank

Success Rate

14/14 ratings generated profit

Average Return

+46.81%

reiterated a buy rating 4 months ago

Copying Bhavin Shah's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +46.81% per trade.

2 Years

xxx

Success Rate

17/17 ratings generated profit

Average Return

+139.80%

reiterated a xxx

rating last month

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +139.80% 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

Buy

Hold

Sell

Strong Sell

total

In the current month, SHOP has received 31 Buy Ratings, 20 Hold Ratings, and 0 Sell Ratings. SHOP average Analyst price target in the past 3 months is 160.71.

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$0.40 with a range of C$0.32 to C$0.45. The previous quarter’s EPS was C$0.35. SHOP beat its EPS estimate 50.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.14% of the time in the same period. In the last calendar year SHOP has Outperformed its overall industry.

SHOP Sales Forecast

Next quarter’s sales forecast for SHOP is C$3.51B with a range of C$3.42B to C$3.58B. The previous quarter’s sales results were C$3.39B. SHOP beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 68.70% of the time in the same period. In the last calendar year SHOP has Outperformed 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 160.71.

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 21 buy ratings, 12 hold ratings and 0 sell ratings.

What is Shopify’s price target?

The average price target for Shopify is 160.71. 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$197.90 ,the lowest forecast is C$122.83. The average price target represents -5.81% Decrease from the current price of C$170.62.

What do analysts say about Shopify?

Shopify’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 33 Wall Streets Analysts.

How can I buy shares of TSE:SHOP?

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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

Become an Expert with TipRanks Premium

Detailed List of Analyst Forecasts