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

19 Buy

14 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$221.55

▲(13.27% Upside)

Based on 33 Wall Street analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is C$221.55 with a high forecast of C$269.48 and a low forecast of C$152.01. The average price target represents a 13.27% change from the last price of C$195.60.

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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 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            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 41,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 16, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":105.98,"date":1727740800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n        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Highest Price TargetC$269.48

Average Price TargetC$221.55

Lowest Price TargetC$152.01

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

Helena Wang

Phillip Securities

C$179.65→C$207.29

Hold

5.98%

Upside

Downgraded

08/12/25

Shopify (SHOP) was downgraded to a Hold Rating at Phillip SecuritiesPhillip Securities analyst Helena Wang downgraded Shopify (NASDAQ: SHOP) from Buy to Neutral.

Samad Samana

Jefferies

C$152.01→C$221.11

Hold

13.04%

Upside

Reiterated

08/11/25

Jefferies Reaffirms Their Hold Rating on Shopify (SHOP)Jefferies analyst Samad Samana raised the price target on Shopify (NASDAQ: SHOP) to $160.00 (from $110.00) while maintaining a Hold rating.

Terry Tillman

Truist Financial

C$207.29

Hold

5.98%

Upside

Reiterated

08/08/25

Analysts Conflicted on These Technology Names: Shopify (NASDAQ: SHOP), indie Semiconductor (NASDAQ: INDI) and ASGN (NYSE: ASGN)

Deepak Mathivanan

Cantor Fitzgerald

C$125.76→C$215.58

Hold

10.22%

Upside

Reiterated

08/07/25

Cantor Fitzgerald Remains a Hold on Shopify (SHOP)

Paul Treiber

RBC Capital

C$160→C$220

Hold

12.47%

Upside

Downgraded

08/07/25

Shopify (SHOP) was downgraded to a Hold Rating at RBC Capital

Andrew Boone

Citizens JMP

C$186.56→C$255.66

Buy

30.71%

Upside

Reiterated

08/07/25

Shopify price target raised to $185 from $135 at Citizens JMPShopify price target raised to $185 from $135 at Citizens JMP

Colin Sebastian

Robert W. Baird

C$165.83→C$221.11

Buy

13.04%

Upside

Reiterated

08/07/25

Robert W. Baird Keeps Their Buy Rating on Shopify (SHOP)

Mark Mahaney

Evercore ISI

C$165.83→C$234.93

Buy

20.11%

Upside

Reiterated

08/07/25

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

Mark Zgutowicz

Benchmark Co.

C$193.47→C$262.57

Buy

34.24%

Upside

Reiterated

08/07/25

Shopify's Growth Potential Boosted by ChatGPT Integration and Strong Market Positioning

Justin Patterson

KeyBanc

C$200.38→C$241.84

Buy

23.64%

Upside

Reiterated

08/07/25

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

Gil Luria

D.A. Davidson

C$172.74→C$255.66

Buy

30.71%

Upside

Reiterated

08/07/25

Shopify price target raised to $185 from $125 at DA DavidsonShopify price target raised to $185 from $125 at DA Davidson

Reginald Smith

J.P. Morgan

C$158.92→C$247.37

Buy

26.47%

Upside

Reiterated

08/07/25

Shopify price target raised to $179 from $115 at JPMorganShopify price target raised to $179 from $115 at JPMorgan

Tyler Radke

Citi

C$214.2→C$269.48

Buy

37.77%

Upside

Reiterated

08/07/25

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

Timothy Chiodo

UBS

C$152.01→C$200.38

Hold

2.45%

Upside

Reiterated

08/07/25

UBS Keeps Their Hold Rating on Shopify (SHOP)

Martin Toner

ATB Capital Markets

C$160→C$220

Hold

12.47%

Upside

Downgraded

08/07/25

Shopify downgraded to Sector Perform from Outperform at ATB CapitalShopify downgraded to Sector Perform from Outperform at ATB Capital

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

Helena Wang

Phillip Securities

C$179.65→C$207.29

Hold

5.98%

Upside

Downgraded

08/12/25

Shopify (SHOP) was downgraded to a Hold Rating at Phillip SecuritiesPhillip Securities analyst Helena Wang downgraded Shopify (NASDAQ: SHOP) from Buy to Neutral.

Samad Samana

Jefferies

C$152.01→C$221.11

Hold

13.04%

Upside

Reiterated

08/11/25

Jefferies Reaffirms Their Hold Rating on Shopify (SHOP)Jefferies analyst Samad Samana raised the price target on Shopify (NASDAQ: SHOP) to $160.00 (from $110.00) while maintaining a Hold rating.

Terry Tillman

Truist Financial

C$207.29

Hold

5.98%

Upside

Reiterated

08/08/25

Analysts Conflicted on These Technology Names: Shopify (NASDAQ: SHOP), indie Semiconductor (NASDAQ: INDI) and ASGN (NYSE: ASGN)

Deepak Mathivanan

Cantor Fitzgerald

C$125.76→C$215.58

Hold

10.22%

Upside

Reiterated

08/07/25

Cantor Fitzgerald Remains a Hold on Shopify (SHOP)

Paul Treiber

RBC Capital

C$160→C$220

Hold

12.47%

Upside

Downgraded

08/07/25

Shopify (SHOP) was downgraded to a Hold Rating at RBC Capital

Andrew Boone

Citizens JMP

C$186.56→C$255.66

Buy

30.71%

Upside

Reiterated

08/07/25

Shopify price target raised to $185 from $135 at Citizens JMPShopify price target raised to $185 from $135 at Citizens JMP

Colin Sebastian

Robert W. Baird

C$165.83→C$221.11

Buy

13.04%

Upside

Reiterated

08/07/25

Robert W. Baird Keeps Their Buy Rating on Shopify (SHOP)

Mark Mahaney

Evercore ISI

C$165.83→C$234.93

Buy

20.11%

Upside

Reiterated

08/07/25

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

Mark Zgutowicz

Benchmark Co.

C$193.47→C$262.57

Buy

34.24%

Upside

Reiterated

08/07/25

Shopify's Growth Potential Boosted by ChatGPT Integration and Strong Market Positioning

Justin Patterson

KeyBanc

C$200.38→C$241.84

Buy

23.64%

Upside

Reiterated

08/07/25

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

Gil Luria

D.A. Davidson

C$172.74→C$255.66

Buy

30.71%

Upside

Reiterated

08/07/25

Shopify price target raised to $185 from $125 at DA DavidsonShopify price target raised to $185 from $125 at DA Davidson

Reginald Smith

J.P. Morgan

C$158.92→C$247.37

Buy

26.47%

Upside

Reiterated

08/07/25

Shopify price target raised to $179 from $115 at JPMorganShopify price target raised to $179 from $115 at JPMorgan

Tyler Radke

Citi

C$214.2→C$269.48

Buy

37.77%

Upside

Reiterated

08/07/25

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

Timothy Chiodo

UBS

C$152.01→C$200.38

Hold

2.45%

Upside

Reiterated

08/07/25

UBS Keeps Their Hold Rating on Shopify (SHOP)

Martin Toner

ATB Capital Markets

C$160→C$220

Hold

12.47%

Upside

Downgraded

08/07/25

Shopify downgraded to Sector Perform from Outperform at ATB CapitalShopify downgraded to Sector Perform from Outperform at ATB Capital

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

16/22 ratings generated profit

Average Return

+5.68%

reiterated a xxx

rating 11 days ago

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 1 Month would result in 72.73% of your transactions generating a profit, with an average return of +5.68% per trade.

3 Months

xxx

Success Rate

16/20 ratings generated profit

Average Return

+18.21%

reiterated a xxx

rating last month

Copying xxxxxxxxxxxxxxxxxx

trades and holding each position for 3 Months would result in 80.00% of your transactions generating a profit, with an average return of +18.21% per trade.

1 Year

Todd CouplandCIBC

Success Rate

20/20 ratings generated profit

Average Return

+74.06%

reiterated a buy rating last month

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 +74.06% per trade.

2 Years

xxx

Success Rate

20/20 ratings generated profit

Average Return

+128.03%

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 +128.03% 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

Apr 25

May 25

Jun 25

Jul 25

Aug 25

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, SHOP has received 32 Buy Ratings, 20 Hold Ratings, and 0 Sell Ratings. SHOP average Analyst price target in the past 3 months is 221.55.

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$0.46 with a range of C$0.29 to C$0.56. The previous quarter’s EPS was C$0.48. SHOP beat its EPS estimate 50.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 67.20% 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$3.79B with a range of C$3.61B to C$3.87B. The previous quarter’s sales results were C$3.71B. SHOP beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 70.47% 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 221.55.

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

Shopify has 13.27% 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 19 buy ratings, 14 hold ratings and 0 sell ratings.

What is Shopify’s price target?

The average price target for Shopify is 221.55. 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$269.48 ,the lowest forecast is C$152.01. The average price target represents 13.27% Increase from the current price of C$195.6.

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