Want to see TSE:SHOP full AI Analyst Report?

Shopify (SHOP) Stock Forecast & Price Target

2,833 Followers

See the Price Targets and Ratings of:

All Analysts

Top Analysts

Premium

SHOP Analyst Ratings

Strong Buy

24 Buy

4 Hold

0 Sell

Based on 28 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$236.80

▲(47.57% Upside)

Based on 28 Wall Street analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is C$236.80 with a high forecast of C$280.30 and a low forecast of C$180.00. The average price target represents a 47.57% change from the last price of C$160.46.

{"navigator":{"disabled":true},"exporting":{"enabled":false},"title":{"text":null},"chart":{"height":200,"style":{"fontFamily":"Roboto Flex, -apple-system, BlinkMacSystemFont, Segoe UI, Roboto, Helvetica, Arial, sans-serif, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol","fontWeight":"400","color":"#5d5d5e"},"spacingTop":30,"spacingRight":60,"events":null},"yAxis":{"labels":{"style":{"color":"inherit"},"distance":6,"x":-6,"y":-6,"zIndex":1,"map_label_formatter":{"161":"C$161","191":"C$191","221":"C$221","251":"C$251","281":"C$281"}},"plotLines":[{"color":"rgba(0,0,0,0)","value":280.298126,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":-10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-bottom flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#199ca5\">High </span>\n\n  <span style=\"color:#199ca5\">C$280.30</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":236.7974887496296,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":0,"text":"<div  class=\"positionrelative hoverZ3 triangleleft flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#828080\">Average </span>\n\n  <span style=\"color:#828080\">C$236.80</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":180,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-top flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#912767\">Low </span>\n\n  <span style=\"color:#912767\">C$180.00</span>\n  </div></div>","useHTML":true}}],"tickPositions":[161,191,221,251,281],"lineColor":"#dddddd","gridLineWidth":1,"gridLineColor":"#dddddd","lineWidth":1,"title":{"text":""}},"plotOptions":{"series":{"states":{"inactive":{"opacity":1}}},"line":{"animation":{"duration":0},"dataLabels":{"allowOverlap":true},"borderWidth":1,"marker":{"enabled":true,"fillColor":"#FFFFFF","radius":3,"lineWidth":2,"symbol":"circle","lineColor":"#828080"}}},"xAxis":{"labels":{"style":{"color":"inherit"},"rotation":0,"map_label_formatter":{"3":"Nov<br/>2025","6":"Feb<br/>2026","9":"May<br/>2026","12":"Aug<br/>2026","25":"Aug<br/>2027"}},"tickPositions":[3,6,9,12,25],"plotLines":[{"color":"#dddddd","width":1,"value":12},{"color":"#dddddd","width":1,"value":12}],"lineWidth":0,"gridLineWidth":1,"gridLineColor":"#dddddd","tickLength":0},"legend":{"symbolRadius":0,"symbolPadding":4,"symbolHeight":14,"borderWidth":0,"symbolWidth":14,"align":"left","verticalAlign":"bottom","enabled":false},"tooltip":{"backgroundColor":"rgba(0,0,0,0)","useHTML":true,"borderWidth":0,"borderColor":"rgba(0,0,0,0)","padding":0,"shadow":null,"headerFormat":"","footerFormat":"","pointFormat":"<div class=\"flexccc lineHeight2 bgwhite shadow2 px3 py3 radiismall fonth10_semibold\">\n                <span class=\"colorgray-3 mb4\">{point.date:%b %d ,%Y}</span>\n                <span>Analyst Consensus</span>\n                {point.info}\n          </div>\n           </div>"},"credits":{"enabled":false},"accessibility":{"description":""},"responsive":{"rules":[{"chartOptions":{"chart":{"spacing":[0,0,0,0],"margin":[30,60,40,5]},"xAxis":{"tickPositions":[3,12,25.25]},"yAxis":{"labels":{"enabled":false}},"title":{"text":null},"subtitle":{"text":null}},"condition":{"maxWidth":500}}]},"series":[{"lineWidth":2,"dashStyle":"ShortDash","name":"High","type":"line","color":"#199ca5","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,164.18,173.11216353846154,182.04432707692308,190.97649061538462,199.90865415384616,208.8408176923077,217.77298123076923,226.7051447692308,235.6373083076923,244.56947184615387,253.50163538461538,262.43379892307695,271.3659624615385,{"y":280.298126,"marker":{"fillColor":"#199ca5","lineColor":"#199ca5","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Average","type":"line","color":"#828080","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,164.18,169.76596067304843,175.35192134609687,180.9378820191453,186.52384269219374,192.10980336524216,197.69576403829058,203.281724711339,208.86768538438744,214.4536460574359,220.0396067304843,225.62556740353273,231.21152807658115,{"y":236.7974887496296,"marker":{"fillColor":"#828080","lineColor":"#828080","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Low","type":"line","color":"#912767","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,164.18,165.3969230769231,166.61384615384617,167.83076923076925,169.0476923076923,170.26461538461538,171.48153846153846,172.69846153846154,173.91538461538462,175.1323076923077,176.34923076923076,177.56615384615384,178.78307692307692,{"y":180,"marker":{"fillColor":"#912767","lineColor":"#912767","enabled":true,"symbol":"circle"}}]},{"type":"line","data":[{"y":163.63,"date":1754006400000,"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 31,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 24, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":191.71,"date":1756684800000,"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 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  style=\"color:#828080\">Hold 13, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":209.11,"date":1764547200000,"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 29,\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":221,"date":1767225600000,"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 26,\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":180.62,"date":1769904000000,"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 39,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 14, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":163.32,"date":1772323200000,"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 39,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 11, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":164.7,"date":1775001600000,"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 40,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 10, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":173.48,"date":1777593600000,"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 6, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":171.67,"date":1780272000000,"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 31,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 5, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":162.26,"date":1782864000000,"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 33,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 5, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":164.18,"date":1785542400000,"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 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"fillColor":"black","lineColor":"black","enabled":true,"symbol":"circle"}},null,null,null,null,null,null,null,null,null,null,null,null],"color":"#0666a7"}]}

Highest Price TargetC$280.30

Average Price TargetC$236.80

Lowest Price TargetC$180.00

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

Terry Tillman

Truist Financial

C$252.27

Buy

57.22%

Upside

Reiterated

08/07/26

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

Thanos Moschopoulos

BMO Capital

C$224.24→C$231.25

Buy

44.11%

Upside

Reiterated

08/06/26

Shopify price target raised to $165 from $160 at BMO CapitalShopify price target raised to $165 from $160 at BMO Capital

Ross Sandler

Barclays

C$176.59→C$203.22

Hold

26.65%

Upside

Reiterated

08/06/26

Analysts Conflicted on These Technology Names: Shopify (NASDAQ: SHOP), Bitdeer Technologies (NASDAQ: BTDR) and Infineon Technologies AG (Other OTC: IFNNF)

Deepak Mathivanan

Cantor Fitzgerald

C$177.99→C$203.22

Hold

26.65%

Upside

Reiterated

08/06/26

Analysts Offer Insights on Technology Companies: Clear Secure (NYSE: YOU) and Shopify (NASDAQ: SHOP)

Andrew Boone

Citizens JMP

C$210.22→C$259.28

Buy

61.58%

Upside

Reiterated

08/06/26

Shopify price target raised to $185 from $150 at CitizensShopify price target raised to $185 from $150 at Citizens

Colin Sebastian

Robert W. Baird

C$210.22→C$224.24

Buy

39.75%

Upside

Reiterated

08/06/26

Shopify price target raised to $160 from $150 at Baird Shopify price target raised to $160 from $150 at Baird

Paul Treiber

RBC Capital

C$238.25→C$252.27

Buy

57.22%

Upside

Reiterated

08/06/26

Shopify price target raised to $180 from $170 at RBC CapitalShopify price target raised to $180 from $170 at RBC Capital

Tyler Radke

Citi

C$210.22→C$274.69

Buy

71.19%

Upside

Reiterated

08/06/26

Analysts Conflicted on These Technology Names: Shopify (NASDAQ: SHOP) and TaskUs (NASDAQ: TASK)

Martin Toner

ATB Cormark Capital Markets

C$240→C$260

Buy

62.03%

Upside

Reiterated

08/06/26

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP), Array Technologies (NASDAQ: ARRY) and Bitdeer Technologies (NASDAQ: BTDR)

John Shao

TD Cowen

C$222.84→C$245.26

Buy

52.85%

Upside

Assigned

08/06/26

Shopify move 'well-justified' after 'incredible beat-and-raise,' says TD CowenShopify move 'well-justified' after 'incredible beat-and-raise,' says TD Cowen

Bhavin Shah

Deutsche Bank

C$245.26→C$259.28

Buy

61.58%

Upside

Reiterated

08/06/26

Shopify price target raised to $185 from $175 at Deutsche BankShopify price target raised to $185 from $175 at Deutsche Bank

Siti Panigrahi

Mizuho Securities

C$210.22→C$252.27

Buy

57.22%

Upside

Reiterated

08/06/26

Shopify price target raised to $180 from $150 at MizuhoShopify price target raised to $180 from $150 at Mizuho

Kevin Krishnaratne

Scotiabank

C$280.3

Buy

74.68%

Upside

Reiterated

08/06/26

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

David Hynes

Canaccord Genuity

C$203.22→C$252.27

Buy

57.22%

Upside

Reiterated

08/06/26

Analyst David Hynes Lifts Shopify Price Target to $180 on Robust Growth and AI-Driven Commerce Tailwinds

Doug Taylor

National Bank

C$155→C$180

Buy

12.18%

Upside

Reiterated

08/05/26

Shopify price target raised to C$180 from C$155 at National BankShopify price target raised to C$180 from C$155 at National Bank

Analyst Type

Any

Human Analysts

Ranks

Any

Analyst Rating

Any

Upside/ Downside

Any

Action

Any

Terry Tillman

Truist Financial

C$252.27

Buy

57.22%

Upside

Reiterated

08/07/26

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

Thanos Moschopoulos

BMO Capital

C$224.24→C$231.25

Buy

44.11%

Upside

Reiterated

08/06/26

Shopify price target raised to $165 from $160 at BMO CapitalShopify price target raised to $165 from $160 at BMO Capital

Ross Sandler

Barclays

C$176.59→C$203.22

Hold

26.65%

Upside

Reiterated

08/06/26

Analysts Conflicted on These Technology Names: Shopify (NASDAQ: SHOP), Bitdeer Technologies (NASDAQ: BTDR) and Infineon Technologies AG (Other OTC: IFNNF)

Deepak Mathivanan

Cantor Fitzgerald

C$177.99→C$203.22

Hold

26.65%

Upside

Reiterated

08/06/26

Analysts Offer Insights on Technology Companies: Clear Secure (NYSE: YOU) and Shopify (NASDAQ: SHOP)

Andrew Boone

Citizens JMP

C$210.22→C$259.28

Buy

61.58%

Upside

Reiterated

08/06/26

Shopify price target raised to $185 from $150 at CitizensShopify price target raised to $185 from $150 at Citizens

Colin Sebastian

Robert W. Baird

C$210.22→C$224.24

Buy

39.75%

Upside

Reiterated

08/06/26

Shopify price target raised to $160 from $150 at Baird Shopify price target raised to $160 from $150 at Baird

Paul Treiber

RBC Capital

C$238.25→C$252.27

Buy

57.22%

Upside

Reiterated

08/06/26

Shopify price target raised to $180 from $170 at RBC CapitalShopify price target raised to $180 from $170 at RBC Capital

Tyler Radke

Citi

C$210.22→C$274.69

Buy

71.19%

Upside

Reiterated

08/06/26

Analysts Conflicted on These Technology Names: Shopify (NASDAQ: SHOP) and TaskUs (NASDAQ: TASK)

Martin Toner

ATB Cormark Capital Markets

C$240→C$260

Buy

62.03%

Upside

Reiterated

08/06/26

Analysts Offer Insights on Technology Companies: Shopify (NASDAQ: SHOP), Array Technologies (NASDAQ: ARRY) and Bitdeer Technologies (NASDAQ: BTDR)

John Shao

TD Cowen

C$222.84→C$245.26

Buy

52.85%

Upside

Assigned

08/06/26

Shopify move 'well-justified' after 'incredible beat-and-raise,' says TD CowenShopify move 'well-justified' after 'incredible beat-and-raise,' says TD Cowen

Bhavin Shah

Deutsche Bank

C$245.26→C$259.28

Buy

61.58%

Upside

Reiterated

08/06/26

Shopify price target raised to $185 from $175 at Deutsche BankShopify price target raised to $185 from $175 at Deutsche Bank

Siti Panigrahi

Mizuho Securities

C$210.22→C$252.27

Buy

57.22%

Upside

Reiterated

08/06/26

Shopify price target raised to $180 from $150 at MizuhoShopify price target raised to $180 from $150 at Mizuho

Kevin Krishnaratne

Scotiabank

C$280.3

Buy

74.68%

Upside

Reiterated

08/06/26

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

David Hynes

Canaccord Genuity

C$203.22→C$252.27

Buy

57.22%

Upside

Reiterated

08/06/26

Analyst David Hynes Lifts Shopify Price Target to $180 on Robust Growth and AI-Driven Commerce Tailwinds

Doug Taylor

National Bank

C$155→C$180

Buy

12.18%

Upside

Reiterated

08/05/26

Shopify price target raised to C$180 from C$155 at National BankShopify price target raised to C$180 from C$155 at National Bank

Stocks with the Highest Top Analyst Consensus in the Technology Sector

RBRKRubrik, Inc. Class A

CORZCore Scientific Inc

AIPArteris

RELYRemitly Global

PGYPagaya Technologies Ltd

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

Best Analysts Covering Shopify

3 Months

Todd CouplandCIBC

Success Rate

20/26 ratings generated profit

Average Return

+15.22%

Copying Todd Coupland's trades and holding each position for 3 Months would result in 76.92% of your transactions generating a profit, with an average return of +15.22% per trade.

1 Year

Bhavin ShahDeutsche Bank

Success Rate

14/14 ratings generated profit

Average Return

+51.21%

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 +51.21% per trade.

2 Years

Bhavin ShahDeutsche Bank

Success Rate

14/14 ratings generated profit

Average Return

+95.99%

Copying Bhavin Shah's trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +95.99% 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 26

May 26

Jun 26

Jul 26

Aug 26

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, SHOP has received 32 Buy Ratings, 4 Hold Ratings, and 0 Sell Ratings. SHOP average Analyst price target in the past 3 months is 236.80.

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$0.66 with a range of C$0.53 to C$0.93. The previous quarter’s EPS was C$0.59. SHOP beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 60.00% 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$5.24B with a range of C$5.08B to C$5.30B. The previous quarter’s sales results were C$4.96B. SHOP beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 63.91% 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 Inc.’s 12-month average price target is 236.80.

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

Shopify Inc. has 47.57% 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 Inc. has a consensus rating of Strong Buy which is based on 24 buy ratings, 4 hold ratings and 0 sell ratings.

What is Shopify Inc.’s price target?

The average price target for Shopify Inc. is 236.80. This is based on 28 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is C$280.30 ,the lowest forecast is C$180.00. The average price target represents 47.57% Increase from the current price of C$160.46.

What do analysts say about Shopify Inc.?

Shopify Inc.’s analyst rating consensus is a Strong Buy. This is based on the ratings of 28 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