Shopify (TSE:SHOP)

TSX:SHOP

SHOP

Shopify

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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

27 Buy

5 Hold

0 Sell

Based on 32 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$220.10

▲(22.63% Upside)

Based on 32 Wall Street analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is C$220.10 with a high forecast of C$272.43 and a low forecast of C$156.65. The average price target represents a 22.63% change from the last price of C$179.49.

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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  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Highest Price TargetC$272.43

Average Price TargetC$220.10

Lowest Price TargetC$156.65

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

James Callahan CFA

Piper Sandler

C$224.75→C$204.32

Buy

13.83%

Upside

Reiterated

05/05/26

Shopify price target lowered to $150 from $165 at Piper SandlerShopify price target lowered to $150 from $165 at Piper Sandler

Arjun Bhatia

William Blair

―

Buy

―

Reiterated

05/05/26

Arjun Bhatia Reiterates Buy on Shopify, Citing Sustained 30%+ Growth, Strong FCF Margins, and Long-Term Advantage in Emerging Agentic Commerce

Scott Berg

Needham

C$245.19

Buy

36.60%

Upside

Reiterated

05/05/26

Shopify Buy Rating Reaffirmed as Strong Q1 and Underappreciated Growth Offset Market Concerns

Martin Toner

ATB Cormark Capital Markets

C$250

Buy

39.28%

Upside

Reiterated

05/03/26

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP) and Western Digital (NASDAQ: WDC)

Keith Weiss

Morgan Stanley

C$261.53

Buy

45.71%

Upside

Reiterated

05/01/26

Analysts Are Bullish on These Technology Stocks: Uber Technologies (UBER), Shopify (SHOP)

John Shao

TD Cowen

C$216.58

Buy

20.67%

Upside

Reiterated

04/28/26

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

Tyler Radke

Citi

C$234.29→C$222.03

Buy

23.70%

Upside

Reiterated

04/28/26

Shopify price target lowered to $163 from $172 at CitiShopify price target lowered to $163 from $172 at Citi

Paul Treiber

RBC Capital

C$231.57

Buy

29.01%

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

Buy

40.40%

Upside

Reiterated

04/16/26

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

Bryan Smilek

J.P. Morgan

C$204.32

Buy

13.83%

Upside

Reiterated

04/13/26

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

Trevor Young

Barclays

C$177.08

Hold

-1.34%

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$204.32

Buy

13.83%

Upside

Reiterated

03/17/26

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

Samad Samana

Jefferies

C$170.27→C$204.32

Hold

13.83%

Upside

Reiterated

03/08/26

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

Helena Wang

Phillip Securities

C$211.13→C$217.94

Buy

21.42%

Upside

Upgraded

02/18/26

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

Analyst Type

Any

Human Analysts

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

James Callahan CFA

Piper Sandler

C$224.75→C$204.32

Buy

13.83%

Upside

Reiterated

05/05/26

Shopify price target lowered to $150 from $165 at Piper SandlerShopify price target lowered to $150 from $165 at Piper Sandler

Arjun Bhatia

William Blair

―

Buy

―

Reiterated

05/05/26

Arjun Bhatia Reiterates Buy on Shopify, Citing Sustained 30%+ Growth, Strong FCF Margins, and Long-Term Advantage in Emerging Agentic Commerce

Scott Berg

Needham

C$245.19

Buy

36.60%

Upside

Reiterated

05/05/26

Shopify Buy Rating Reaffirmed as Strong Q1 and Underappreciated Growth Offset Market Concerns

Martin Toner

ATB Cormark Capital Markets

C$250

Buy

39.28%

Upside

Reiterated

05/03/26

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP) and Western Digital (NASDAQ: WDC)

Keith Weiss

Morgan Stanley

C$261.53

Buy

45.71%

Upside

Reiterated

05/01/26

Analysts Are Bullish on These Technology Stocks: Uber Technologies (UBER), Shopify (SHOP)

John Shao

TD Cowen

C$216.58

Buy

20.67%

Upside

Reiterated

04/28/26

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

Tyler Radke

Citi

C$234.29→C$222.03

Buy

23.70%

Upside

Reiterated

04/28/26

Shopify price target lowered to $163 from $172 at CitiShopify price target lowered to $163 from $172 at Citi

Paul Treiber

RBC Capital

C$231.57

Buy

29.01%

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

Buy

40.40%

Upside

Reiterated

04/16/26

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

Bryan Smilek

J.P. Morgan

C$204.32

Buy

13.83%

Upside

Reiterated

04/13/26

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

Trevor Young

Barclays

C$177.08

Hold

-1.34%

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$204.32

Buy

13.83%

Upside

Reiterated

03/17/26

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

Samad Samana

Jefferies

C$170.27→C$204.32

Hold

13.83%

Upside

Reiterated

03/08/26

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

Helena Wang

Phillip Securities

C$211.13→C$217.94

Buy

21.42%

Upside

Upgraded

02/18/26

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

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

10/12 ratings generated profit

Average Return

+21.88%

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 3 Months would result in 83.33% of your transactions generating a profit, with an average return of +21.88% per trade.

1 Year

Todd CouplandCIBC

Success Rate

22/24 ratings generated profit

Average Return

+59.59%

Copying Todd Coupland's trades and holding each position for 1 Year would result in 91.67% of your transactions generating a profit, with an average return of +59.59% per trade.

2 Years

xxx

Success Rate

22/24 ratings generated profit

Average Return

+100.92%

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 2 Years would result in 91.67% of your transactions generating a profit, with an average return of +100.92% 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

Jan 26

Feb 26

Mar 26

Apr 26

May 26

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, SHOP has received 17 Buy Ratings, 2 Hold Ratings, and 0 Sell Ratings. SHOP average Analyst price target in the past 3 months is 220.10.

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$0.54 with a range of C$0.37 to C$0.65. The previous quarter’s EPS was C$0.40. 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$4.65B with a range of C$4.37B to C$4.87B. The previous quarter’s sales results were C$4.32B. 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 220.10.

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

Shopify has 22.63% 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 27 buy ratings, 5 hold ratings and 0 sell ratings.

What is Shopify’s price target?

The average price target for Shopify is 220.10. This is based on 32 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is C$272.43 ,the lowest forecast is C$156.65. The average price target represents 22.63% 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 32 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