Go Pro

Shopify (SHOP) Stock Forecast & Price Target

Shopify logo
$146.89 +0.31 (+0.21%)
As of 01:52 PM Eastern

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

Consensus Rating

Sell
0
Hold
10
Buy
36

Based on 46 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 46 analysts, 10 have given a hold rating, and 36 have given a buy rating for SHOP.

Consensus Price Target

$170.84
16.30% Upside
According to the 46 analysts' twelve-month price targets for Shopify, the average price target is $170.84. 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 16.30% from the current price of $146.89.
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.
Get the Latest News and Ratings for SHOP and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Shopify and its competitors.

Sign Up
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

SHOP Analyst Ratings Over Time

TypeCurrent Forecast
8/20/25 to 8/20/26
1 Month Ago
7/21/25 to 7/21/26
3 Months Ago
5/22/25 to 5/22/26
1 Year Ago
8/20/24 to 8/20/25
Strong Buy
0 Strong Buy rating(s)
3 Strong Buy rating(s)
2 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
36 Buy rating(s)
32 Buy rating(s)
31 Buy rating(s)
24 Buy rating(s)
Hold
10 Hold rating(s)
11 Hold rating(s)
10 Hold rating(s)
17 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$170.84$156.84$158.42$148.51
Forecasted Upside16.30% Upside27.48% Upside53.80% Upside8.18% Upside
Consensus RatingModerate BuyModerate BuyModerate BuyModerate 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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Shopify Stock vs. The Competition

TypeShopifyTechnology CompaniesBroader Market
Consensus Rating Score
2.78
2.23
2.53
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside16.47% Upside377.38% Upside12.00% Upside
News Sentiment Rating
Positive News

See Recent SHOP News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
8/20/2026
Scott Devitt
Not Rated
Initiated CoverageBuy$175.00+19.39%
8/17/2026
Weiss Ratings logo
Weiss Ratings
5 of 5 stars
 UpgradeHold (C-)Hold (C)
8/17/2026 DowngradeStrong-BuyModerate Buy
8/7/2026Reiterated RatingOverweight$144.00 ➝ $180.00+22.08%
8/7/2026 DowngradeStrong-BuyHold
8/7/2026 DowngradeStrong-BuyHold
8/6/2026Set TargetBuy$140.00 ➝ $200.00+36.85%
8/6/2026Set TargetOutperform$170.00 ➝ $180.00+23.14%
8/6/2026Reiterated RatingNeutral$130.00 ➝ $145.00+0.53%
8/6/2026Reiterated RatingOutperform
Pass by August 7… or wait until 2027? (Ad)

And on June 29th, the Supreme Court quietly handed us one of the biggest privacy wins in decades, ruling the Fourth Amendment protects the location data on your phone. Here's what should get investors excited: this ruling just cracked open a window for one under-$1 altcoin, built specifically for the kind of privacy the Court just protected. We're calling it the "Freedom Coin"... and it already has real institutional weight behind it. A lending protocol holding over $11 billion in deposits just went live on this coin's technology. See why we're calling this our "Freedom Coin". The last coin we gave that name to gained 631%. We believe this one has even more room to run… and it's still trading for pennies. Today, you can get the full breakdown for just $3 — with 100% of the proceeds from the guide going to Honor Flight, a charity that flies veterans to DC to be honored.tc pixel

8/6/2026Set TargetEqual Weight$126.00 ➝ $145.00+0.53%
8/6/2026 Boost TargetOverweight$155.00 ➝ $185.00+26.02%
8/6/2026 Set TargetHoldOutperform$165.00+12.40%
8/6/2026Boost TargetOutperform$155.00 ➝ $176.00+20.21%
8/6/2026Boost TargetBuy$145.00 ➝ $170.00+15.58%
8/6/2026Boost TargetMarket Outperform$150.00 ➝ $185.00+28.26%
8/6/2026Boost TargetBuy$170.00 ➝ $194.00+34.50%
8/6/2026Boost TargetNeutral$127.00 ➝ $145.00+0.53%
8/5/2026Set TargetBuy$145.00 ➝ $180.00+24.79%
8/5/2026Reiterated RatingBuy$175.00+21.33%
8/5/2026Set TargetBuy$150.00 ➝ $180.00+24.79%
8/5/2026 Reiterated RatingOutperform$155.00 ➝ $180.00+24.41%
8/5/2026 Reiterated RatingOutperform$135.00 ➝ $175.00+19.00%
7/21/2026Set TargetBuyNeutral$160.00 ➝ $130.00+4.43%
7/13/2026 DowngradeOverweightBuy
7/10/2026 Initiated CoverageBuy
7/10/2026 Initiated CoverageNeutral
7/9/2026Set TargetHoldBuy$110.00 ➝ $150.00+21.78%
7/7/2026Initiated CoverageBuy$150.00+24.85%
5/6/2026 Reiterated RatingOutperform$175.00+63.89%
5/6/2026Set Target$150.00+37.25%
5/5/2026 Reiterated RatingOverweight$165.00 ➝ $150.00+41.72%
5/5/2026Reiterated RatingBuy$180.00+67.60%
2/12/2026Reiterated RatingBuy$175.00+58.98%
2/12/2026UpgradeNeutralOutperform$150.00+35.55%
2/12/2026UpgradeHoldBuy$159.00+45.42%
2/11/2026UpgradeHoldBuy$159.00+34.05%
2/11/2026Reiterated RatingOverweight$160.00+39.37%
2/10/2026 UpgradeSector PerformOutperform
2/9/2026 UpgradeNeutralBuy$150.00+26.69%
Buffett's Final Warning: "The Dollar Is Going to Hell" (Ad)

When Greece collapsed... the EU and IMF swooped in with $300 billion in bailouts. When America crosses that line... there is no bigger economy to save us. The U.S. IS the emergency bailout for the rest of the world. In a free presentation I just recorded, I show you exactly what the U.S. government's plan is... Why it's going to create the single biggest wealth transfer of our generation... and how you can position yourself on the right side of it. We believe America's only escape from $39 trillion in debt depends on a single technology (and it's already being funded with $2 trillion) ... BlackRock, Goldman, and 170 public companies are already positioning.tc pixel

Watch the free AI briefing (urgent) →
2/2/2026 Set Target$175.00+33.35%
1/8/2026UpgradeSector PerformOutperform$165.00 ➝ $200.00+19.95%
1/6/2026UpgradeHoldOutperform
12/1/2025 Reiterated RatingMarket Perform
11/24/2025 Initiated CoverageNeutral
11/5/2025Reiterated RatingOutperform
7/22/2025DowngradeBuyHold$120.00-6.56%
5/8/2025UpgradeEqual WeightOverweight
1/10/2025Initiated CoverageNeutral$115.00+12.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 02:08 PM ET.


SHOP Forecast - Frequently Asked Questions

According to the research reports of 46 Wall Street equities research analysts, the average twelve-month stock price forecast for Shopify is $170.84, with a high forecast of $200.00 and a low forecast of $130.00.

46 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 10 hold ratings and 36 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SHOP shares.

According to analysts, Shopify's stock has a predicted upside of 16.30% based on their 12-month stock forecasts.

Over the previous 90 days, Shopify's stock had 6 downgrades and 3 upgrades by analysts.

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.


This page (NASDAQ:SHOP) was last updated on 8/20/2026 by MarketBeat.com Staff.
From Our Partners