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

19 Buy

11 Hold

0 Sell

Based on 30 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

$120.74

▼(-4.93% Downside)

Based on 30 Wall Street analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is $120.74 with a high forecast of $155.00 and a low forecast of $91.00. The average price target represents a -4.93% change from the last price of $127.00.

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Highest Price Target$155.00

Average Price Target$120.74

Lowest Price Target$91.00

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

Kenneth WongOppenheimer

Oppenheimer

$125→$145

Buy

14.17%

Upside

Reiterated

07/28/25

Shopify price target raised to $145 from $125 at OppenheimerShopify price target raised to $145 from $125 at Oppenheimer

Tyler RadkeCiti

Citi

$135→$155

Buy

22.05%

Upside

Reiterated

07/28/25

Citi Sticks to Their Buy Rating for Shopify (SHOP)

Timothy ChiodoUBS

UBS

$110

Hold

-13.39%

Downside

Reiterated

07/28/25

UBS Sticks to Their Hold Rating for Shopify (SHOP)

Kevin KrishnaratneScotiabank

Scotiabank

$90→$115

Hold

-9.45%

Downside

Reiterated

07/28/25

Shopify price target raised to $115 from $90 at ScotiabankShopify price target raised to $115 from $90 at Scotiabank

Andrew BooneCitizens JMP

Citizens JMP

$135

Buy

6.30%

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

$145

Buy

14.17%

Upside

Reiterated

07/22/25

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

Anthony ChukumbaLoop Capital Markets

Loop Capital Markets

$120

Hold

-5.51%

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

$125→$145

Buy

14.17%

Upside

Reiterated

07/18/25

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

Ivy Interfayce TR | OpenAI - 4o

TR | OpenAI - 4o

$123.41→$135.03

Buy

6.32%

Upside

Reiterated

07/17/25

J. Parker LaneStifel Nicolaus

Stifel Nicolaus

$100→$110

Hold

-13.39%

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

$110→$120

Buy

-5.51%

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

$135

Buy

6.30%

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

$94

Hold

-25.98%

Downside

Reiterated

07/09/25

Barclays Remains a Hold on Shopify (SHOP)

Deepak MathivananCantor Fitzgerald

Cantor Fitzgerald

$91

Hold

-28.35%

Downside

Reiterated

07/02/25

Shopify (SHOP) Receives a Hold from Cantor Fitzgerald

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

Kenneth WongOppenheimer

Oppenheimer

$125→$145

Buy

14.17%

Upside

Reiterated

07/28/25

Shopify price target raised to $145 from $125 at OppenheimerShopify price target raised to $145 from $125 at Oppenheimer

Tyler RadkeCiti

Citi

$135→$155

Buy

22.05%

Upside

Reiterated

07/28/25

Citi Sticks to Their Buy Rating for Shopify (SHOP)

Timothy ChiodoUBS

UBS

$110

Hold

-13.39%

Downside

Reiterated

07/28/25

UBS Sticks to Their Hold Rating for Shopify (SHOP)

Kevin KrishnaratneScotiabank

Scotiabank

$90→$115

Hold

-9.45%

Downside

Reiterated

07/28/25

Shopify price target raised to $115 from $90 at ScotiabankShopify price target raised to $115 from $90 at Scotiabank

Andrew BooneCitizens JMP

Citizens JMP

$135

Buy

6.30%

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

$145

Buy

14.17%

Upside

Reiterated

07/22/25

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

Anthony ChukumbaLoop Capital Markets

Loop Capital Markets

$120

Hold

-5.51%

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

$125→$145

Buy

14.17%

Upside

Reiterated

07/18/25

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

Ivy Interfayce TR | OpenAI - 4o

TR | OpenAI - 4o

$123.41→$135.03

Buy

6.32%

Upside

Reiterated

07/17/25

J. Parker LaneStifel Nicolaus

Stifel Nicolaus

$100→$110

Hold

-13.39%

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

$110→$120

Buy

-5.51%

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

$135

Buy

6.30%

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

$94

Hold

-25.98%

Downside

Reiterated

07/09/25

Barclays Remains a Hold on Shopify (SHOP)

Deepak MathivananCantor Fitzgerald

Cantor Fitzgerald

$91

Hold

-28.35%

Downside

Reiterated

07/02/25

Shopify (SHOP) Receives a Hold from Cantor Fitzgerald

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 2 months 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 +6.25% per trade.

3 Months

xxx

Success Rate

14/17 ratings generated profit

Average Return

+18.76%

reiterated a xxx

rating 2 months 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 +18.76% per trade.

1 Year

Bhavin ShahDeutsche Bank

Success Rate

14/14 ratings generated profit

Average Return

+47.04%

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 +47.04% per trade.

2 Years

xxx

Success Rate

17/17 ratings generated profit

Average Return

+139.86%

reiterated a xxx

rating 2 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 +139.86% 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 35 Buy Ratings, 22 Hold Ratings, and 0 Sell Ratings. SHOP average Analyst price target in the past 3 months is 120.74.

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 $0.34 with a range of $0.21 to $0.41. The previous quarter’s EPS was $0.35. SHOP beat its EPS estimate 0.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 54.86% of the time in the same period. In the last calendar year SHOP has Preformed in-line its overall industry.

SHOP Sales Forecast

Next quarter’s sales forecast for SHOP is $2.71B with a range of $2.58B to $2.77B. The previous quarter’s sales results were $2.70B. SHOP beat its sales estimates 0.00% of the time in past 12 months, while its overall industry beat sales estimates 41.43% of the time in the same period. In the last calendar year SHOP has Preformed in-line its overall industry.

SHOP Stock Forecast FAQ

What is SHOP’s average 12-month price target, according to analysts?

Based on analyst ratings, Shopify Inc.’s 12-month average price target is 120.74.

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

Currently there's no upside potential for 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 SHOP a Buy, Sell or Hold?

Shopify Inc. has a consensus rating of Moderate Buy which is based on 19 buy ratings, 11 hold ratings and 0 sell ratings.

What is Shopify Inc.’s price target?

The average price target for Shopify Inc. is 120.74. This is based on 30 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $155.00 ,the lowest forecast is $91.00. The average price target represents -4.93% Decrease from the current price of $127.

What do analysts say about Shopify Inc.?

Shopify Inc.’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 30 Wall Streets Analysts.

How can I buy shares of SHOP?

Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.

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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