Shopify (SHOP) Stock Forecast & Price Target

$151.57 +4.13 (+2.80%)

As of 08/7/2026 04:00 PM Eastern

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Shopify - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 45 Analyst Ratings

Sell
0

Hold
8

Buy
37

Based on 45 Wall Street analysts who have issued ratings for Shopify in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 45 analysts, 8 have given a hold rating, 34 have given a buy rating, and 3 have given a strong buy rating for SHOP.

Consensus Price Target

$170.72
12.64% Upside

According to the 45 analysts' twelve-month price targets for Shopify, the average price target is $170.72. The highest price target for SHOP is $200.00, while the lowest price target for SHOP is $130.00. The average price target represents a forecasted upside of 12.64% from the current price of $151.57.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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SHOP Analyst Ratings Over Time

Type	Current Forecast 8/8/25 to 8/8/26	1 Month Ago 7/9/25 to 7/9/26	3 Months Ago 5/10/25 to 5/10/26	1 Year Ago 8/8/24 to 8/8/25
Strong Buy	3 Strong Buy rating(s)	3 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	34 Buy rating(s)	31 Buy rating(s)	31 Buy rating(s)	25 Buy rating(s)
Hold	8 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)	15 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$170.72	$156.06	$158.42	$146.68
Forecasted Upside	12.64% Upside	26.70% Upside	44.02% Upside	-1.96% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

SHOP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SHOP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Shopify Stock vs. The Competition

Type	Shopify	Technology Companies	Broader Market
Consensus Rating Score	2.89	2.24	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	12.64% Upside	428.77% Upside	11.63% Upside
News Sentiment Rating	Positive News See Recent SHOP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/7/2026	Wells Fargo & Company 3 of 5 stars	Ken Gawrelski 1 of 5 stars	Reiterated Rating	Overweight	$144.00 ➝ $180.00	+22.08%
8/6/2026	DA Davidson 2 of 5 stars	Gil Luria 2 of 5 stars	Set Target	Buy	$140.00 ➝ $200.00	+36.85%
8/6/2026	Royal Bank Of Canada 2 of 5 stars	Paul Treiber 3 of 5 stars	Set Target	Outperform	$170.00 ➝ $180.00	+23.14%
8/6/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Timothy Chiodo Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral	$130.00 ➝ $145.00	+0.53%
8/6/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tyler Radke Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform
8/6/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Trevor Young Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Equal Weight	$126.00 ➝ $145.00	+0.53%
8/6/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Overweight	$155.00 ➝ $185.00	+26.02%
8/6/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target	Hold ➝ Outperform	$165.00	+12.40%
8/6/2026	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ygal Arounian Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$155.00 ➝ $176.00	+20.21%
8/6/2026	Benchmark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mark Zgutowicz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$145.00 ➝ $170.00	+15.58%
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8/6/2026	Citizens Jmp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Boone Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Outperform	$150.00 ➝ $185.00	+28.26%
8/6/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gabriela Borges Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$170.00 ➝ $194.00	+34.50%
8/6/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Deepak Mathivanan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$127.00 ➝ $145.00	+0.53%
8/5/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Hynes Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Buy	$145.00 ➝ $180.00	+24.79%
8/5/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Samad Samana Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$175.00	+21.33%
8/5/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Terry Tillman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Buy	$150.00 ➝ $180.00	+24.79%
8/5/2026	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$155.00 ➝ $180.00	+24.41%
8/5/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$135.00 ➝ $175.00	+19.00%
8/3/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold (C-)
7/21/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Dominic Ball Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Buy ➝ Neutral	$160.00 ➝ $130.00	+4.43%
7/13/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Overweight ➝ Buy
7/10/2026	BTIG Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy
7/10/2026	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Neutral
7/9/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Parker Lane Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Hold ➝ Buy	$110.00 ➝ $150.00	+21.78%
7/7/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
7/7/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tal Liani Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Buy	$150.00	+24.85%
5/6/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$175.00	+63.89%
5/6/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Colin Sebastian Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$150.00	+37.25%
5/5/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight	$165.00 ➝ $150.00	+41.72%
5/5/2026	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Scott Berg Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$180.00	+67.60%
2/18/2026	Phillip Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
2/16/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
2/12/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bhavin Shah Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy	$175.00	+58.98%
2/12/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Siti Panigrahi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$150.00	+35.55%
2/12/2026	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Daniel Chan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy	$159.00	+45.42%
2/11/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Daniel Chan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy	$159.00	+34.05%
2/11/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Austin Wurschmidt Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight	$160.00	+39.37%
2/10/2026	ATB Cormark Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
2/9/2026	Moffett Nathanson Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$150.00	+26.69%
2/2/2026	Arete Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$175.00	+33.35%
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1/8/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kevin Krishnaratne Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform	$165.00 ➝ $200.00	+19.95%
1/6/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Shweta Khajuria Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Outperform
12/1/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform
11/24/2025	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Neutral
11/5/2025	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Todd Coupland Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform
7/22/2025	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Anthony Chukumba Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Hold	$120.00	-6.56%
5/8/2025	Capital One Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Connor Murphy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
1/10/2025	New Street Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	D. Salmon Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Neutral	$115.00	+12.86%
8/8/2024	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jim Kelleher Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy
8/8/2024	Roth Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$77.00 ➝ $79.00	+18.23%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:53 PM ET.

SHOP Forecast - Frequently Asked Questions

According to the research reports of 45 Wall Street equities research analysts, the average twelve-month stock price forecast for Shopify is $170.72, with a high forecast of $200.00 and a low forecast of $130.00.

45 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 8 hold ratings, 34 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SHOP shares.

According to analysts, Shopify's stock has a predicted upside of 12.64% based on their 12-month stock forecasts.

Over the previous 90 days, Shopify's stock had 3 downgrades and 2 upgrades by analysts.

Shopify has been rated by research analysts at Bank of America, Barclays, Benchmark, BMO Capital Markets, BTIG Research, Canaccord Genuity Group, Cantor Fitzgerald, Citigroup, Citizens Jmp, DA Davidson, Evercore, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, National Bank Financial, Rothschild & Co Redburn, Royal Bank Of Canada, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.

Analysts like Shopify more than other "technology" companies. The consensus rating for Shopify is Moderate Buy while the average consensus rating for "technology" companies is Hold. Learn more on how SHOP compares to other companies.

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This page (NASDAQ:SHOP) was last updated on 8/8/2026 by MarketBeat.com Staff.

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Shopify (SHOP) Stock Forecast & Price Target

Shopify - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

SHOP Analyst Ratings Over Time

SHOP Analyst Recommendations By Month

SHOP Price Targets by Month

Shopify Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

SHOP Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

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Brokerages With Shopify Recommendations

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Shopify (SHOP) Stock Forecast & Price Target

Shopify - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

SHOP Analyst Ratings Over Time

SHOP Analyst Recommendations By Month

SHOP Price Targets by Month

Shopify Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

SHOP Forecast - Frequently Asked Questions

What is Shopify's forecast for 2026?

Should I buy or sell Shopify stock right now?

Does Shopify's stock price have much upside?

Has Shopify been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Shopify?

Do Wall Street analysts like Shopify more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Shopify Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

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