Shopify (SHOP) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

All Analysts

Top Analysts

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SHOP Analyst Ratings

Moderate Buy

18 Buy

11 Hold

0 Sell

Based on 29 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$251.71

▲(40.88% Upside)

Based on 29 Wall Street analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is C$251.71 with a high forecast of C$299.70 and a low forecast of C$190.72. The average price target represents a 40.88% change from the last price of C$178.67.

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Highest Price TargetC$299.70

Average Price TargetC$251.71

Lowest Price TargetC$190.72

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

Rocco Strauss

Arete Research

Buy

―

Upgraded

02/02/26

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

Dominic Ball

Rothschild & Co Redburn

C$272.46→C$299.7

Buy

67.74%

Upside

Reiterated

01/28/26

Analysts' Top Technology Picks: Cellebrite DI (CLBT), Shopify (SHOP)

Paul Treiber

RBC Capital

C$272.46

Buy

52.49%

Upside

Reiterated

01/26/26

Analysts Offer Insights on Technology Companies: SkyWater Technology (NASDAQ: SKYT) and Shopify (NASDAQ: SHOP)

Reginald Smith

J.P. Morgan

Buy

―

Reiterated

01/21/26

Shopify: Early Move Into AI-Driven ‘Agentic Commerce’ Supports Buy Rating and Attractive Risk/Reward

Terry Tillman

Truist Financial

Hold

―

Reiterated

01/14/26

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP) and Codan Limited (Other OTC: CODAF)

Ken Gawrelski

Wells Fargo

C$269.73

Buy

50.97%

Upside

Reiterated

01/08/26

Shopify (SHOP) Gets a Buy from Wells Fargo

Kevin Krishnaratne

Scotiabank

C$224.78→C$272.46

Buy

52.49%

Upside

Upgraded

01/08/26

Shopify upgraded to Outperform from Sector Perform at ScotiabankShopify upgraded to Outperform from Sector Perform at Scotiabank

Shweta Khajuria

Wolfe Research

Hold

―

Downgraded

01/05/26

Shopify downgraded to Peer Perform from Outperform at Wolfe ResearchShopify downgraded to Peer Perform from Outperform at Wolfe Research

Siti Panigrahi

Mizuho Securities

C$204.34

Hold

14.37%

Upside

Reiterated

12/16/25

Analysts' Opinions Are Mixed on These Technology Stocks: Fortinet (NASDAQ: FTNT) and Shopify (NASDAQ: SHOP)

Mark Zgutowicz

Benchmark Co.

C$265.64

Buy

48.68%

Upside

Reiterated

12/03/25

Strong Black Friday Cyber Monday Sales and Increased Order Value Reinforce Buy Rating for Shopify

John Shao

TD Cowen

C$216.6

Hold

21.23%

Upside

Reiterated

12/03/25

National Bank Sticks to Their Hold Rating for Shopify (SHOP)

Brian Peterson

Raymond James

Hold

―

Reiterated

12/02/25

Shopify's Strong Holiday Sales Prompt Hold Rating Amid Growth Uncertainty

Kenneth Wong

Oppenheimer

C$272.46

Buy

52.49%

Upside

Reiterated

12/01/25

Pace of spending moderated through Sunday, says OppenheimerPace of spending moderated through Sunday, says Oppenheimer

Bradley Sills

Bank of America Securities

C$258.83

Buy

44.87%

Upside

Reiterated

11/25/25

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP) and Snowflake (NYSE: SNOW)

Nicholas Jones CFA

Exane BNP Paribas

Hold

―

Initiated

11/24/25

Shopify initiated with a Neutral at BNP Paribas ExaneShopify initiated with a Neutral at BNP Paribas Exane

Analyst Type

Any

Human Analysts

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

Rocco Strauss

Arete Research

Buy

―

Upgraded

02/02/26

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

Dominic Ball

Rothschild & Co Redburn

C$272.46→C$299.7

Buy

67.74%

Upside

Reiterated

01/28/26

Analysts' Top Technology Picks: Cellebrite DI (CLBT), Shopify (SHOP)

Paul Treiber

RBC Capital

C$272.46

Buy

52.49%

Upside

Reiterated

01/26/26

Analysts Offer Insights on Technology Companies: SkyWater Technology (NASDAQ: SKYT) and Shopify (NASDAQ: SHOP)

Reginald Smith

J.P. Morgan

Buy

―

Reiterated

01/21/26

Shopify: Early Move Into AI-Driven ‘Agentic Commerce’ Supports Buy Rating and Attractive Risk/Reward

Terry Tillman

Truist Financial

Hold

―

Reiterated

01/14/26

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP) and Codan Limited (Other OTC: CODAF)

Ken Gawrelski

Wells Fargo

C$269.73

Buy

50.97%

Upside

Reiterated

01/08/26

Shopify (SHOP) Gets a Buy from Wells Fargo

Kevin Krishnaratne

Scotiabank

C$224.78→C$272.46

Buy

52.49%

Upside

Upgraded

01/08/26

Shopify upgraded to Outperform from Sector Perform at ScotiabankShopify upgraded to Outperform from Sector Perform at Scotiabank

Shweta Khajuria

Wolfe Research

Hold

―

Downgraded

01/05/26

Shopify downgraded to Peer Perform from Outperform at Wolfe ResearchShopify downgraded to Peer Perform from Outperform at Wolfe Research

Siti Panigrahi

Mizuho Securities

C$204.34

Hold

14.37%

Upside

Reiterated

12/16/25

Analysts' Opinions Are Mixed on These Technology Stocks: Fortinet (NASDAQ: FTNT) and Shopify (NASDAQ: SHOP)

Mark Zgutowicz

Benchmark Co.

C$265.64

Buy

48.68%

Upside

Reiterated

12/03/25

Strong Black Friday Cyber Monday Sales and Increased Order Value Reinforce Buy Rating for Shopify

John Shao

TD Cowen

C$216.6

Hold

21.23%

Upside

Reiterated

12/03/25

National Bank Sticks to Their Hold Rating for Shopify (SHOP)

Brian Peterson

Raymond James

Hold

―

Reiterated

12/02/25

Shopify's Strong Holiday Sales Prompt Hold Rating Amid Growth Uncertainty

Kenneth Wong

Oppenheimer

C$272.46

Buy

52.49%

Upside

Reiterated

12/01/25

Pace of spending moderated through Sunday, says OppenheimerPace of spending moderated through Sunday, says Oppenheimer

Bradley Sills

Bank of America Securities

C$258.83

Buy

44.87%

Upside

Reiterated

11/25/25

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP) and Snowflake (NYSE: SNOW)

Nicholas Jones CFA

Exane BNP Paribas

Hold

―

Initiated

11/24/25

Shopify initiated with a Neutral at BNP Paribas ExaneShopify initiated with a Neutral at BNP Paribas Exane

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

11/13 ratings generated profit

Average Return

+19.66%

reiterated a xxx

rating 3 months ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 3 Months would result in 84.62% of your transactions generating a profit, with an average return of +19.66% per trade.

1 Year

Todd CouplandCIBC

Success Rate

22/22 ratings generated profit

Average Return

+72.92%

reiterated a buy rating 3 months ago

Copying Todd Coupland'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 +72.92% per trade.

2 Years

xxx

Success Rate

19/19 ratings generated profit

Average Return

+156.47%

reiterated a xxx

rating 3 months ago

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 +156.47% 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

Sep 25

Oct 25

Nov 25

Dec 25

Jan 26

Strong Buy

Buy

Hold

Sell

Strong Sell

total

115

In the current month, SHOP has received 76 Buy Ratings, 39 Hold Ratings, and 0 Sell Ratings. SHOP average Analyst price target in the past 3 months is 251.71.

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$0.70 with a range of C$0.54 to C$0.85. The previous quarter’s EPS was C$0.47. SHOP beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 66.49% 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$4.98B with a range of C$4.83B to C$5.10B. The previous quarter’s sales results were C$3.92B. SHOP beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 70.28% 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 251.71.

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

Shopify has 40.88% 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 Moderate Buy which is based on 18 buy ratings, 11 hold ratings and 0 sell ratings.

What is Shopify’s price target?

The average price target for Shopify is 251.71. This is based on 29 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is C$299.70 ,the lowest forecast is C$190.72. The average price target represents 40.88% Increase from the current price of C$178.67.

What do analysts say about Shopify?

Shopify’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 29 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