Shopify (SHOP) Stock Forecast & Price Target

$149.61 -1.46 (-0.97%)

Closing price 08/8/2025 04:00 PM Eastern

Extended Trading

$150.33 +0.72 (+0.48%)

As of 08/8/2025 07:59 PM Eastern

Shopify - Analysts' Recommendations and Stock Price Forecast (2025)

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.

Consensus Rating

Moderate Buy

Based on 43 Analyst Ratings

Sell
1

Hold
18

Buy
24

Based on 43 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 43 analysts, 1 has given a sell rating, 18 have given a hold rating, and 24 have given a buy rating for SHOP.

Consensus Price Target

$148.51
-0.73% Downside

According to the 43 analysts' twelve-month price targets for Shopify, the average price target is $148.51. The highest price target for SHOP is $195.00, while the lowest price target for SHOP is $91.00. The average price target represents a forecasted downside of -0.73% from the current price of $149.61.

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SHOP Analyst Ratings Over Time

Type	Current Forecast 8/9/24 to 8/9/25	1 Month Ago 7/10/24 to 7/10/25	3 Months Ago 5/11/24 to 5/11/25	1 Year Ago 8/10/23 to 8/9/24
Strong Buy	0 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	24 Buy rating(s)	25 Buy rating(s)	26 Buy rating(s)	23 Buy rating(s)
Hold	18 Hold rating(s)	14 Hold rating(s)	14 Hold rating(s)	14 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$148.51	$115.66	$115.37	$77.24
Forecasted Upside	-0.73% Downside	0.43% Upside	25.71% Upside	11.45% Upside
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	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.53	2.66	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-0.73% Downside	73.16% Upside	13.84% 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

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/8/2025	Citigroup 3 of 5 stars	Tyler Radke Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$155.00 ➝ $195.00	+30.34%
8/8/2025	Evercore ISI 3 of 5 stars	Mark Mahaney Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$120.00 ➝ $170.00	+12.53%
8/7/2025	Scotiabank 4 of 5 stars	Kevin Krishnaratne Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform ➝ Sector Perform	$115.00 ➝ $150.00	+1.05%
8/7/2025	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Justin Patterson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$145.00 ➝ $175.00	+12.98%
8/7/2025	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Perform
8/7/2025	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	David Hynes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$115.00 ➝ $165.00	+9.22%
8/7/2025	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$125.00 ➝ $185.00	+24.63%
8/7/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$120.00 ➝ $180.00	+21.26%
8/7/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reginald Smith Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$115.00 ➝ $179.00	+20.58%
8/7/2025	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$145.00 ➝ $170.00	+14.52%
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8/7/2025	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$115.00 ➝ $160.00	+7.80%
8/7/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$110.00 ➝ $185.00	+24.65%
8/7/2025	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Todd Coupland Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$145.00 ➝ $185.00	+24.65%
8/7/2025	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$140.00 ➝ $180.00	+21.28%
8/7/2025	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Timothy Chiodo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$110.00 ➝ $145.00	-2.64%
8/7/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Gabriela Borges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$120.00 ➝ $176.00	+18.18%
8/7/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Parker Lane Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$110.00 ➝ $150.00	-0.36%
8/7/2025	Royal Bank Of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Paul Treiber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$145.00 ➝ $170.00	+12.32%
8/7/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Terry Tillman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$95.00 ➝ $150.00	-3.73%
8/7/2025	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Andrew Boone Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Outperform ➝ Market Outperform	$135.00 ➝ $185.00	+20.93%
8/7/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Trevor Young Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$94.00 ➝ $120.00	-21.56%
8/7/2025	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Siti Panigrahi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$85.00 ➝ $150.00	-3.16%
8/7/2025	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ken Wong Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$145.00 ➝ $180.00	+16.20%
8/6/2025	Atb Cap Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
8/5/2025	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Zgutowicz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$125.00 ➝ $140.00	+12.71%
7/23/2025	Arete Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold
7/22/2025	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Anthony Chukumba Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$120.00	-6.56%
7/14/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Scott Berg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold ➝ Buy	$135.00	+20.42%
7/14/2025	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Colin Sebastian Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$110.00 ➝ $120.00	+7.04%
6/11/2025	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Deepak Mathivanan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$91.00	-20.52%
6/6/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Andrew Bauch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$107.00 ➝ $125.00	+12.85%
5/9/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$106.00 ➝ $112.00	+22.19%
5/8/2025	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Murphy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
5/5/2025	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Slowinski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
5/5/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Samad Samana Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$130.00 ➝ $110.00	+11.15%
5/5/2025	BNP Paribas Exane Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$100.00	+0.76%
2/17/2025	Phillip Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Wang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Moderate Buy
2/12/2025	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$125.00 ➝ $150.00	+22.70%
2/12/2025	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Clarke Jeffries Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$94.00 ➝ $104.00	-16.12%
1/10/2025	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Salmon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$115.00	+12.86%
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11/26/2024	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Morton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$86.00 ➝ $99.00	-10.92%
11/21/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
9/17/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	F. Kunwar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$99.00	+34.53%
8/8/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Kelleher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/8/2024	Evercore Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$75.00 ➝ $80.00	+17.18%
8/8/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$77.00 ➝ $79.00	+18.23%
7/16/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Khajuria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$80.00	+24.56%
2/14/2024	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$85.00 ➝ $89.00	+11.14%
10/25/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	$52.00	+6.80%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:21 PM ET.

Should I Buy Shopify Stock? SHOP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, August 8, 2025. Please send any questions or comments about these Shopify pros and cons to contact@marketbeat.com.

Shopify
Bull Case

Here are some ways that investors could benefit from investing in Shopify Inc.:

The current stock price is around $151, reflecting a strong performance in the market and indicating potential for growth.
Shopify Inc. has a significant market capitalization of approximately $195 billion, showcasing its stability and prominence in the commerce sector.
Recent upgrades from multiple financial institutions, including a target price increase to $185, suggest positive sentiment and confidence in the company's future performance.
With a high percentage of institutional ownership at 69.27%, there is strong backing from major investors, which can indicate trust in the company's management and strategy.
The company has demonstrated resilience with a 52-week high of $156.85, indicating strong demand and investor interest in its offerings.

Shopify
Bear Case

Investors should be bearish about investing in Shopify Inc. for these reasons:

The stock has a high P/E ratio of around 97, which may suggest that it is overvalued compared to its earnings, potentially leading to a price correction.
Shopify Inc. has a beta of 2.63, indicating higher volatility compared to the market, which could lead to significant price fluctuations and increased risk for investors.
Despite recent upgrades, there is still one sell rating among analysts, which may indicate some skepticism about the company's future performance.
The price-to-earnings-growth (PEG) ratio of 4.82 suggests that the stock may be expensive relative to its growth rate, which could deter value-focused investors.
Recent stock performance shows a decline of about 2.5%, which may raise concerns about short-term momentum and investor sentiment.

SHOP Forecast - Frequently Asked Questions

: According to the research reports of 43 Wall Street equities research analysts, the average twelve-month stock price forecast for Shopify is $148.51, with a high forecast of $195.00 and a low forecast of $91.00.
: 43 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There is currently 1 sell rating, 18 hold ratings and 24 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 downside of -0.73% based on their 12-month stock forecasts.
: Over the previous 90 days, Shopify's stock had 3 downgrades and 1 upgrade by analysts.
: Shopify has been rated by research analysts at Arete, Arete Research, Atb Cap Markets, ATB Capital, Bank of America, Barclays, Benchmark, BMO Capital Markets, Canaccord Genuity Group, Cantor Fitzgerald, CIBC, Citigroup, DA Davidson, Evercore ISI, JMP Securities, JPMorgan Chase & Co., KeyCorp, Loop Capital, Mizuho, National Bankshares, Needham & Company LLC, Oppenheimer, Robert W. Baird, Royal Bank Of Canada, Scotiabank, Stifel Nicolaus, TD Securities, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Shopify less than other "computer and technology" companies. The consensus rating score for Shopify is 2.53 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how SHOP compares to other companies.

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This page (NYSE:SHOP) was last updated on 8/9/2025 by MarketBeat.com Staff

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Shopify (SHOP) Stock Forecast & Price Target