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Shopify Inc.

SHOPNASDAQTechnologySoftware - Application

$169.52Today:- (-)1Y +12.92%

As of Oct 16, 2026 close

Market cap
$231.22B
P/E (TTM)
119.34
Forward P/E
145.17
Dividend yield
-
52-week range
$94.00$182.19
Volume (live)
-
Avg. volume (3M)
10.08M

Shopify Inc. (SHOP) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Shopify Inc. stock.

Analyst Consensus Rating

Investment consensus from 40 professional research analysts

Consensus Rating

Buy
Based on 40 unique analysts
(42 total ratings in last 90 days)
Very High Confidence∞:1 Buy/Sell

Average Price Target

$178.35
+5.21% upside

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Strong Sell
Sell
Hold
Buy
Strong Buy

Latest SHOP Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Todd Coupland
CIBC
BuyMaintains
$220.00
Bryan Smilek
JP Morgan
BuyReiterates
$185.00 → $200.00
Zacks Equity Research
Zacks Equity Research
BuyInitiates Coverage
-
Abhinab Dasgupta
Zacks Equity Research
BuyInitiates Coverage
-
Samad Samana
Jefferies
BuyMaintains
$175.00
Nilanshi Mukherjee
Zacks Equity Research
HoldInitiates Coverage
-
Mark Shmulik
Bernstein
BuyMaintains
$160.00
Ygal Arounian
Wedbush
BuyReiterates
$176.00
Siti Panigrahi
Mizuho
BuyMaintains
$180.00
Shaun Pruitt
Zacks Equity Research
HoldInitiates Coverage
-
James Callahan CFA
Piper Sandler
BuyReiterates
$172.00 → $180.00
Aniruddha Ganguly
Zacks Equity Research
HoldInitiates Coverage
-
Paul Treiber
RBC Capital
BuyMaintains
$180.00
Paul Treiber
RBC Capital
BuyMaintains
$180.00
Unknown Analyst
Rosenblatt
BuyInitiates
$175.00
Jeff Cantwell
Seaport Global
BuyMaintains
$160.00 → $175.00
Helena Wang
Phillip
BuyMaintains
$160.00 → $170.00
Kashvi Chandgothia
Zacks Equity Research
HoldInitiates Coverage
-
Terry Tillman
Truist
BuyReiterates
$180.00
J. Parker Lane
Stifel Nicolaus
BuyMaintains
$180.00
David Hynes
Canaccord Genuity
BuyReiterates
$145.00 → $180.00
Kevin Krishnaratne
Scotiabank
BuyMaintains
$200.00
Martin Toner
ATB Cormark Capital
BuyMaintains
$240.00 → $260.00
Tyler Radke
Citi
BuyMaintains
$150.00 → $196.00
John Shao
TD Cowen
BuyMaintains
$159.00 → $175.00
Colin Sebastian
Baird
BuyMaintains
$150.00 → $160.00
Andrew Boone
Citizens JMP
BuyMaintains
$150.00 → $185.00
Sejuti Banerjea
TopStockAnalysts
BuyInitiates Coverage
-
Thanos Moschopoulos
BMO Capital
BuyMaintains
$160.00 → $165.00
Deepak Mathivanan
Cantor Fitzgerald
HoldReiterates
$127.00 → $145.00
Ross Sandler
Barclays
HoldMaintains
$126.00 → $145.00
Bryan Smilek
JP Morgan
BuyMaintains
$185.00
Bhavin Shah
Deutsche Bank
BuyMaintains
$175.00 → $185.00
Doug Taylor
National Bank
BuyMaintains
$155.00 → $180.00
Tal Liani
BofA Securities
BuyMaintains
$150.00 → $180.00
Arjun Bhatia
William Blair
BuyMaintains
-
Timothy Chiodo
UBS
HoldMaintains
$130.00 → $145.00
Scott Berg
Needham
BuyMaintains
$180.00
Mark Mahaney
Evercore ISI Group
BuyMaintains
$135.00 → $175.00
David Bartosiak
Zacks Equity Research
BuyInitiates Coverage
-
Adam Wood
Morgan Stanley
BuyInitiates
$192.00
Dominic Ball
Rothschild & Co Redburn
HoldUpgrades
$160.00 → $130.00

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 8, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for SHOP?

The analyst consensus rating for SHOP is Buy, based on the latest ratings from 40 analysts over the last 90 days.

What is the average price target for SHOP?

The average 12-month price target for SHOP is $178.35, representing an upside of 5.2% from the Oct 16, 2026 close of $169.52.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.