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Shopify (SHOP) Stock Forecast & Price Target

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$108.38 +0.58 (+0.54%)
As of 11:32 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

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

Sell
1
Hold
14
Buy
28

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, 14 have given a hold rating, 26 have given a buy rating, and 2 have given a strong buy rating for SHOP.

Consensus Price Target

$115.11
6.20% Upside
According to the 43 analysts' twelve-month price targets for Shopify, the average price target is $115.11. The highest price target for SHOP is $175.00, while the lowest price target for SHOP is $79.00. The average price target represents a forecasted upside of 6.20% from the current price of $108.38.
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SHOP Analyst Ratings Over Time

TypeCurrent Forecast
6/10/24 to 6/10/25
1 Month Ago
5/11/24 to 5/11/25
3 Months Ago
3/12/24 to 3/12/25
1 Year Ago
6/11/23 to 6/10/24
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
26 Buy rating(s)
26 Buy rating(s)
24 Buy rating(s)
18 Buy rating(s)
Hold
14 Hold rating(s)
14 Hold rating(s)
14 Hold rating(s)
16 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$115.11$115.37$126.31$76.74
Forecasted Upside6.20% Upside25.71% Upside30.84% Upside21.62% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold

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.
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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

TypeShopifyComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.67
2.66
2.53
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside6.78% Upside98.00% Upside13.46% Upside
News Sentiment Rating
Positive News

See Recent SHOP News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/6/2025Wells Fargo & Company
3 of 5 stars
Andrew Bauch
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Boost TargetOverweight ➝ Overweight$107.00 ➝ $125.00+12.85%
5/9/2025UBS Group
3 of 5 stars
Timothy Chiodo
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Lower TargetNeutral ➝ Neutral$125.00 ➝ $110.00+19.86%
5/9/2025JPMorgan Chase & Co.
2 of 5 stars
Reginald Smith
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Lower TargetOverweight ➝ Overweight$124.00 ➝ $115.00+25.31%
5/9/2025Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$106.00 ➝ $112.00+22.19%
5/9/2025Barclays
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Trevor Young
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Lower TargetEqual Weight ➝ Equal Weight$100.00 ➝ $94.00+2.89%
5/8/2025Atb Cap Markets
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M. Toner
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UpgradeHold ➝ Strong-Buy
5/8/2025Capital One Financial
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C. Murphy
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UpgradeEqual Weight ➝ Overweight
5/6/2025Truist Financial
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Terry Tillman
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Lower TargetHold ➝ Hold$120.00 ➝ $100.00+6.25%
5/6/2025Benchmark
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M. Zgutowicz
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Lower TargetBuy ➝ Buy$150.00 ➝ $125.00+29.65%
5/6/2025BMO Capital Markets
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Thanos Moschopoulos
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Initiated CoverageOutperform$120.00+21.98%
5/5/2025BNP Paribas
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S. Slowinski
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DowngradeStrong-Buy ➝ Hold
5/5/2025Jefferies Financial Group
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Samad Samana
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Lower TargetHold ➝ Hold$130.00 ➝ $110.00+11.15%
5/5/2025BNP Paribas Exane
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 DowngradeOutperform ➝ Neutral$100.00+0.76%
4/30/2025Oppenheimer
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Ken Wong
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Lower TargetOutperform ➝ Outperform$150.00 ➝ $125.00+33.68%
4/28/2025Scotiabank
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 Lower TargetSector Perform$120.00 ➝ $90.00-7.91%
4/25/2025National Bankshares
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 Lower TargetOutperform$140.00 ➝ $120.00+23.64%
4/23/2025KeyCorp
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Philip Gibbs
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Lower TargetOverweight ➝ Overweight$140.00 ➝ $105.00+12.85%
4/22/2025The Goldman Sachs Group
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Gabriela Borges
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Lower TargetBuy ➝ Buy$150.00 ➝ $130.00+56.04%
4/17/2025Royal Bank of Canada
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Paul Treiber
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Lower TargetOutperform ➝ Outperform$145.00 ➝ $125.00+49.35%
4/16/2025Cantor Fitzgerald
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Deepak Mathivanan
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Lower TargetNeutral ➝ Neutral$120.00 ➝ $80.00-3.22%
4/16/2025Loop Capital
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A. Chukumba
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Lower TargetBuy ➝ Buy$150.00 ➝ $120.00+45.17%
4/15/2025Wedbush
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S. Devitt
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Reiterated RatingOutperform ➝ Outperform$110.00+32.16%
4/14/2025DA Davidson
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Gil Luria
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Lower TargetBuy ➝ Buy$150.00 ➝ $115.00+37.63%
4/14/2025Mizuho
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Siti Panigrahi
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Lower TargetNeutral ➝ Neutral$110.00 ➝ $85.00+1.15%
2/17/2025Phillip Securities
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H. Wang
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DowngradeStrong-Buy ➝ Moderate Buy
2/12/2025CIBC
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 Boost TargetOutperform$135.00 ➝ $160.00+30.88%
2/12/2025Robert W. Baird
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 Boost TargetOutperform$126.00 ➝ $135.00+10.43%
2/12/2025Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy$125.00 ➝ $150.00+22.70%
2/12/2025ATB Capital
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 Boost TargetSector Perform$145.00 ➝ $170.00+38.93%
2/12/2025TD Securities
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 Boost TargetHold$100.00 ➝ $130.00+6.24%
2/12/2025Evercore ISI
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Mark Mahaney
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Boost TargetOutperform ➝ Outperform$125.00 ➝ $140.00+12.92%
2/12/2025Canaccord Genuity Group
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David Hynes
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Boost TargetBuy ➝ Buy$125.00 ➝ $140.00+12.92%
2/12/2025Piper Sandler
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Clarke Jeffries
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Boost TargetNeutral ➝ Neutral$94.00 ➝ $104.00-16.12%
2/11/2025Citigroup
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Tyler Radke
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Boost TargetBuy ➝ Buy$143.00 ➝ $175.00+45.98%
1/10/2025New Street Research
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D. Salmon
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Initiated CoverageNeutral$115.00+12.86%
12/12/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$120.00 ➝ $120.00+2.19%
11/26/2024Moffett Nathanson
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M. Morton
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Boost TargetNeutral ➝ Neutral$86.00 ➝ $99.00-10.92%
11/21/2024DZ Bank
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 DowngradeHold ➝ Sell
9/17/2024Redburn Atlantic
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F. Kunwar
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UpgradeNeutral ➝ Buy$99.00+34.53%
8/8/2024Argus
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J. Kelleher
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UpgradeStrong-Buy
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8/8/2024Evercore
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 Boost Target$75.00 ➝ $80.00+17.18%
8/8/2024Roth Mkm
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 Boost TargetBuy ➝ Buy$77.00 ➝ $79.00+18.23%
7/16/2024Wolfe Research
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S. Khajuria
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Initiated CoverageOutperform$80.00+24.56%
7/16/2024Bank of America
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 UpgradeNeutral ➝ Buy$78.00 ➝ $82.00+27.68%
5/9/2024Needham & Company LLC
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 Reiterated RatingHold
2/14/2024Roth Capital
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 Boost TargetBuy$85.00 ➝ $89.00+11.14%
12/6/2023Stifel Nicolaus
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 Boost Target$65.00 ➝ $75.00+3.91%
10/25/2023Veritas Investment Research
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 Set TargetBuy$52.00+6.80%
7/14/2023Credit Suisse Group
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 Boost TargetNeutral$53.00 ➝ $55.00-21.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:32 AM 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 Monday, June 9, 2025. Please send any questions or comments about these Shopify pros and cons to contact@marketbeat.com.

Shopify
Bull Case

green Wall Street bull icon

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

  • The current stock price is around $108, which reflects a significant increase from its 52-week low, indicating potential for growth.
  • Shopify Inc. has received multiple buy ratings from analysts, suggesting strong market confidence in its future performance.
  • The company has a robust market capitalization of approximately $140 billion, indicating its strong position in the commerce platform industry.
  • Shopify Inc. offers a comprehensive suite of services that enable merchants to manage their sales across various channels, enhancing its value proposition.
  • Recent upgrades in price targets by analysts indicate a positive outlook for the company's stock performance in the near term.

Shopify
Bear Case

red Wall Street bear icon

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

  • Some analysts have downgraded their ratings, with one firm lowering its price target to $100, which may indicate concerns about future growth.
  • The stock has experienced volatility, with a beta of 2.63, suggesting it may be more sensitive to market fluctuations compared to other stocks.
  • Shopify Inc. has a high P/E ratio of 70.02, which may indicate that the stock is overvalued relative to its earnings, posing a risk for investors.
  • Despite a strong market presence, the company faces intense competition in the e-commerce space, which could impact its market share and profitability.
  • Recent trading volumes have been below average, which may suggest a lack of investor interest or confidence in the stock at its current price level.

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 $115.11, with a high forecast of $175.00 and a low forecast of $79.00.

43 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There is currently 1 sell rating, 14 hold ratings, 26 buy ratings and 2 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 6.20% based on their 12-month stock forecasts.

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

Analysts like Shopify more than other "computer and technology" companies. The consensus rating score for Shopify is 2.67 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how SHOP compares to other companies.


This page (NYSE:SHOP) was last updated on 6/10/2025 by MarketBeat.com Staff
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