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Shopify (SHOP) Stock Forecast & Price Target

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$142.11 +5.43 (+3.97%)
Closing price 08/22/2025 04:00 PM Eastern
Extended Trading
$142.68 +0.56 (+0.40%)
As of 08/22/2025 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours 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
20
Buy
24

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, 1 has given a sell rating, 20 have given a hold rating, and 24 have given a buy rating for SHOP.

Consensus Price Target

$148.51
4.51% Upside
According to the 45 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 upside of 4.51% from the current price of $142.11.
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SHOP Analyst Ratings Over Time

TypeCurrent Forecast
8/24/24 to 8/24/25
1 Month Ago
7/25/24 to 7/25/25
3 Months Ago
5/26/24 to 5/26/25
1 Year Ago
8/25/23 to 8/24/24
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)
22 Buy rating(s)
26 Buy rating(s)
23 Buy rating(s)
Hold
20 Hold rating(s)
18 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$119.16$115.37$77.30
Forecasted Upside4.51% Upside-4.24% Downside13.65% Upside1.52% 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.
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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
2.51
2.66
2.53
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside4.51% Upside62.45% Upside9.65% Upside
News Sentiment Rating
Positive News

See Recent SHOP News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/12/2025Zacks Research
0 of 5 stars
 UpgradeHold
8/12/2025Phillip Securities
0 of 5 stars
 DowngradeModerate Buy ➝ Hold
8/8/2025Citigroup
2 of 5 stars
Tyler Radke
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Boost TargetBuy ➝ Buy$155.00 ➝ $195.00+30.34%
8/8/2025Evercore ISI
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Mark Mahaney
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Boost TargetOutperform ➝ Outperform$120.00 ➝ $170.00+12.53%
8/7/2025Scotiabank
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Kevin Krishnaratne
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Reiterated RatingSector Perform ➝ Sector Perform$115.00 ➝ $150.00+1.05%
8/7/2025KeyCorp
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Justin Patterson
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Reiterated RatingOverweight ➝ Overweight$145.00 ➝ $175.00+12.98%
8/7/2025ATB Capital
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 DowngradeSector Perform
8/7/2025Canaccord Genuity Group
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David Hynes
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Boost TargetBuy ➝ Buy$115.00 ➝ $165.00+9.22%
8/7/2025DA Davidson
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 Boost TargetBuy$125.00 ➝ $185.00+24.63%
8/7/2025BMO Capital Markets
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 Boost TargetOutperform$120.00 ➝ $180.00+21.26%
8/7/2025JPMorgan Chase & Co.
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Reginald Smith
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Boost TargetOverweight ➝ Overweight$115.00 ➝ $179.00+20.58%
8/7/2025TD Securities
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 Boost TargetOutperform$145.00 ➝ $170.00+14.52%
8/7/2025Wedbush
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 Boost TargetOutperform$115.00 ➝ $160.00+7.80%
8/7/2025Bank of America
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 Boost TargetBuy$110.00 ➝ $185.00+24.65%
8/7/2025CIBC
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Todd Coupland
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Boost TargetOutperform$145.00 ➝ $185.00+24.65%
8/7/2025National Bankshares
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 Boost TargetOutperform$140.00 ➝ $180.00+21.28%
8/7/2025UBS Group
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Timothy Chiodo
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Boost TargetNeutral ➝ Neutral$110.00 ➝ $145.00-2.64%
8/7/2025The Goldman Sachs Group
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Gabriela Borges
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Boost TargetBuy ➝ Buy$120.00 ➝ $176.00+18.18%
8/7/2025Stifel Nicolaus
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Parker Lane
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Boost TargetHold ➝ Hold$110.00 ➝ $150.00-0.36%
8/7/2025Royal Bank Of Canada
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Paul Treiber
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Boost TargetOutperform ➝ Outperform$145.00 ➝ $170.00+12.32%
8/7/2025Truist Financial
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Terry Tillman
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Boost TargetHold ➝ Hold$95.00 ➝ $150.00-3.73%
8/7/2025JMP Securities
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Andrew Boone
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Boost TargetMarket Outperform ➝ Market Outperform$135.00 ➝ $185.00+20.93%
8/7/2025Barclays
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Trevor Young
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Boost TargetEqual Weight ➝ Equal Weight$94.00 ➝ $120.00-21.56%
8/7/2025Mizuho
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Siti Panigrahi
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Boost TargetNeutral ➝ Neutral$85.00 ➝ $150.00-3.16%
8/7/2025Oppenheimer
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Ken Wong
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Boost TargetOutperform ➝ Outperform$145.00 ➝ $180.00+16.20%
8/6/2025Atb Cap Markets
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 DowngradeStrong-Buy ➝ Hold
8/5/2025Benchmark
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Mark Zgutowicz
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Reiterated RatingBuy ➝ Buy$125.00 ➝ $140.00+12.71%
7/23/2025Arete Research
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 UpgradeHold
7/22/2025Loop Capital
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Anthony Chukumba
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DowngradeBuy ➝ Hold$120.00-6.56%
7/14/2025Needham & Company LLC
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Scott Berg
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Initiated CoverageHold ➝ Buy$135.00+20.42%
7/14/2025Robert W. Baird
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Colin Sebastian
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Boost TargetOutperform ➝ Outperform$110.00 ➝ $120.00+7.04%
6/11/2025Cantor Fitzgerald
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Deepak Mathivanan
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Reiterated RatingNeutral ➝ Neutral$91.00-20.52%
6/6/2025Wells Fargo & Company
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Andrew Bauch
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Boost TargetOverweight ➝ Overweight$107.00 ➝ $125.00+12.85%
5/9/2025Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$106.00 ➝ $112.00+22.19%
5/8/2025Capital One Financial
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C. Murphy
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UpgradeEqual Weight ➝ Overweight
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%
2/12/2025Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy$125.00 ➝ $150.00+22.70%
2/12/2025Piper Sandler
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Clarke Jeffries
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Boost TargetNeutral ➝ Neutral$94.00 ➝ $104.00-16.12%
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1/10/2025New Street Research
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D. Salmon
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Initiated CoverageNeutral$115.00+12.86%
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
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%
2/14/2024Roth Capital
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 Boost TargetBuy$85.00 ➝ $89.00+11.14%
10/25/2023Veritas Investment Research
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 Set TargetBuy$52.00+6.80%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:39 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 22, 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 company reported earnings per share of $0.35 for the latest quarter, exceeding analysts' expectations, which indicates strong financial performance and potential for growth.
  • Shopify Inc. achieved a revenue of $2.68 billion during the quarter, significantly higher than the consensus estimate, showcasing robust demand for its services.
  • The stock has a favorable average rating of "Moderate Buy" from analysts, with a consensus target price of approximately $148.51, suggesting potential upside for investors.
  • Shopify Inc. has demonstrated a year-over-year revenue growth of over 31%, reflecting its expanding market presence and operational efficiency.
  • The current stock price is around $150, which may present an attractive entry point for investors looking to capitalize on the company's growth trajectory.

Shopify
Bear Case

red Wall Street bear icon

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

  • Despite strong earnings, the stock price volatility may pose risks for investors, as market fluctuations can impact short-term performance.
  • Shopify Inc. operates in a highly competitive e-commerce landscape, which could pressure margins and limit growth potential in the long run.
  • The company's return on equity stands at 12.00%, which, while positive, may be lower compared to industry peers, indicating less efficient use of shareholder equity.
  • Institutional ownership is significant, with 69.27% of the stock held by institutional investors, which can lead to increased volatility if these investors decide to sell.
  • Analysts have mixed ratings, with some suggesting a "hold" position, indicating uncertainty about the stock's future performance.

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 $148.51, with a high forecast of $195.00 and a low forecast of $91.00.

45 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There is currently 1 sell rating, 20 hold ratings and 24 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 4.51% based on their 12-month stock forecasts.

Over the previous 90 days, Shopify's stock had 4 downgrades and 2 upgrades by analysts.

Analysts like Shopify less than other "computer and technology" companies. The consensus rating score for Shopify is 2.51 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 8/24/2025 by MarketBeat.com Staff
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