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

Strong Buy

24 Buy

3 Hold

0 Sell

Based on 27 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

$157.08

▲(38.09% Upside)

Based on 27 Wall Street analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is $157.08 with a high forecast of $200.00 and a low forecast of $126.00. The average price target represents a 38.09% change from the last price of $113.75.

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Highest Price Target$200.00

Average Price Target$157.08

Lowest Price Target$126.00

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

Tyler Radke

Citi

$156→$150

Buy

31.87%

Upside

Reiterated

07/24/26

Shopify price target lowered to $150 from $156 at CitiShopify price target lowered to $150 from $156 at Citi

Bryan Smilek

J.P. Morgan

$155

Buy

36.26%

Upside

Reiterated

07/23/26

Analysts Conflicted on These Technology Names: Infosys (NYSE: INFY) and Shopify (NASDAQ: SHOP)

James Callahan CFA

Piper Sandler

$150

Buy

31.87%

Upside

Reiterated

07/22/26

New Buy Rating for Shopify (SHOP), the Technology Giant

Keith Weiss

Morgan Stanley

$192

Buy

68.79%

Upside

Initiated

07/21/26

Shopify assumed with an Overweight at Morgan StanleyShopify assumed with an Overweight at Morgan Stanley

Dominic Ball

Rothschild & Co Redburn

$160→$130

Hold

14.29%

Upside

Downgraded

07/21/26

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

Paul Treiber

RBC Capital

$170

Buy

49.45%

Upside

Reiterated

07/20/26

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

Samad Samana

Jefferies

$160

Buy

40.66%

Upside

Upgraded

07/16/26

Analysts Offer Insights on Technology Companies: KLA (NASDAQ: KLAC) and Shopify (NASDAQ: SHOP)

Ygal Arounian

Wedbush

$155

Buy

36.26%

Upside

Initiated

07/15/26

Shopify (SHOP) Has a New Rating from Wedbush

J. Parker Lane

Stifel Nicolaus

$150

Buy

31.87%

Upside

Upgraded

07/10/26

Wall Street Analysts Are Bullish on Top Technology Picks

Todd Coupland

CIBC

$185

Buy

62.64%

Upside

Reiterated

07/08/26

Analysts Are Bullish on These Technology Stocks: Nvidia (NVDA), Shopify (SHOP)

Tal Liani

Bank of America Securities

$150

Buy

31.87%

Upside

Initiated

07/07/26

Analysts Offer Insights on Technology Companies: Caci International (NYSE: CACI), Shopify (NASDAQ: SHOP) and Ondas (NASDAQ: ONDS)

Arjun Bhatia

William Blair

―

Buy

―

Reiterated

06/03/26

Wall Street Analysts Are Bullish on Top Technology Picks

Doug Taylor

National Bank

―

Buy

―

Reiterated

05/28/26

Shopify: this analyst just chopped his price targetNational Bank Financial analyst Doug Taylor says Shopifys (Shopify Stock Quote, Chart, News, Analysts, Financials NYSE:SHOP) recent multiple compression has created a compelling entry point, with the company continuing to stand out as a rare Canadian technology name combining high organic growth, scale, profitability and liquidity.

Terry Tillman

Truist Financial

$150

Buy

31.87%

Upside

Reiterated

05/08/26

New Buy Rating for Shopify (SHOP), the Technology Giant

Thanos Moschopoulos

BMO Capital

$145

Buy

27.47%

Upside

Reiterated

05/06/26

Shopify: Moschopoulos Reiterates Buy as Strong Fundamentals and Margin Discipline Offset Trimmed Price Target

Analyst Type

Any

Human Analysts

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

Tyler Radke

Citi

$156→$150

Buy

31.87%

Upside

Reiterated

07/24/26

Shopify price target lowered to $150 from $156 at CitiShopify price target lowered to $150 from $156 at Citi

Bryan Smilek

J.P. Morgan

$155

Buy

36.26%

Upside

Reiterated

07/23/26

Analysts Conflicted on These Technology Names: Infosys (NYSE: INFY) and Shopify (NASDAQ: SHOP)

James Callahan CFA

Piper Sandler

$150

Buy

31.87%

Upside

Reiterated

07/22/26

New Buy Rating for Shopify (SHOP), the Technology Giant

Keith Weiss

Morgan Stanley

$192

Buy

68.79%

Upside

Initiated

07/21/26

Shopify assumed with an Overweight at Morgan StanleyShopify assumed with an Overweight at Morgan Stanley

Dominic Ball

Rothschild & Co Redburn

$160→$130

Hold

14.29%

Upside

Downgraded

07/21/26

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

Paul Treiber

RBC Capital

$170

Buy

49.45%

Upside

Reiterated

07/20/26

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

Samad Samana

Jefferies

$160

Buy

40.66%

Upside

Upgraded

07/16/26

Analysts Offer Insights on Technology Companies: KLA (NASDAQ: KLAC) and Shopify (NASDAQ: SHOP)

Ygal Arounian

Wedbush

$155

Buy

36.26%

Upside

Initiated

07/15/26

Shopify (SHOP) Has a New Rating from Wedbush

J. Parker Lane

Stifel Nicolaus

$150

Buy

31.87%

Upside

Upgraded

07/10/26

Wall Street Analysts Are Bullish on Top Technology Picks

Todd Coupland

CIBC

$185

Buy

62.64%

Upside

Reiterated

07/08/26

Analysts Are Bullish on These Technology Stocks: Nvidia (NVDA), Shopify (SHOP)

Tal Liani

Bank of America Securities

$150

Buy

31.87%

Upside

Initiated

07/07/26

Analysts Offer Insights on Technology Companies: Caci International (NYSE: CACI), Shopify (NASDAQ: SHOP) and Ondas (NASDAQ: ONDS)

Arjun Bhatia

William Blair

―

Buy

―

Reiterated

06/03/26

Wall Street Analysts Are Bullish on Top Technology Picks

Doug Taylor

National Bank

―

Buy

―

Reiterated

05/28/26

Terry Tillman

Truist Financial

$150

Buy

31.87%

Upside

Reiterated

05/08/26

New Buy Rating for Shopify (SHOP), the Technology Giant

Thanos Moschopoulos

BMO Capital

$145

Buy

27.47%

Upside

Reiterated

05/06/26

Shopify: Moschopoulos Reiterates Buy as Strong Fundamentals and Margin Discipline Offset Trimmed Price Target

Stocks with the Highest Top Analyst Consensus in the Technology Sector

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

Best Analysts Covering Shopify

3 Months

Gil LuriaD.A. Davidson

Success Rate

16/21 ratings generated profit

Average Return

+15.86%

Copying Gil Luria's trades and holding each position for 3 Months would result in 76.19% of your transactions generating a profit, with an average return of +15.86% per trade.

1 Year

Andrew BooneCitizens JMP

Success Rate

18/21 ratings generated profit

Average Return

+31.38%

Copying Andrew Boone's trades and holding each position for 1 Year would result in 85.71% of your transactions generating a profit, with an average return of +31.38% per trade.

2 Years

Gil LuriaD.A. Davidson

Success Rate

18/21 ratings generated profit

Average Return

+114.27%

Copying Gil Luria's trades and holding each position for 2 Years would result in 85.71% of your transactions generating a profit, with an average return of +114.27% 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 26

Apr 26

May 26

Jun 26

Jul 26

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, SHOP has received 33 Buy Ratings, 5 Hold Ratings, and 0 Sell Ratings. SHOP average Analyst price target in the past 3 months is 157.08.

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 $0.40 with a range of $0.32 to $0.47. The previous quarter’s EPS was $0.35. SHOP beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 49.61% 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 $3.40B with a range of $3.29B to $3.52B. The previous quarter’s sales results were $3.08B. SHOP beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 50.00% 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 SHOP’s average 12-month price target, according to analysts?

Based on analyst ratings, Shopify Inc.’s 12-month average price target is 157.08.

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

Shopify Inc. has 38.09% 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 SHOP a Buy, Sell or Hold?

Shopify Inc. has a consensus rating of Strong Buy which is based on 24 buy ratings, 3 hold ratings and 0 sell ratings.

What is Shopify Inc.’s price target?

The average price target for Shopify Inc. is 157.08. This is based on 27 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $200.00 ,the lowest forecast is $126.00. The average price target represents 38.09% Increase from the current price of $113.75.

What do analysts say about Shopify Inc.?

Shopify Inc.’s analyst rating consensus is a Strong Buy. This is based on the ratings of 27 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.

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