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Shopify (SHOP) Stock Forecast & Price Target

Shopify logo
C$207.47 -9.80 (-4.51%)
As of 04:00 PM Eastern
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Shopify - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Hold
Based on 3 Analyst Ratings
Sell
0
Hold
2
Buy
1

Based on 3 Wall Street analysts who have issued ratings for Shopify in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 2 have given a hold rating, and 1 has given a buy rating for SHOP.

Consensus Price Target

C$157.50
-24.09% Downside
According to the 3 analysts' twelve-month price targets for Shopify, the average price target is C$157.50. The highest price target for SHOP is C$220.00, while the lowest price target for SHOP is C$110.00. The average price target represents a forecasted downside of -24.09% from the current price of C$207.47.
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

TypeCurrent Forecast
9/23/24 to 9/23/25		1 Month Ago
8/24/24 to 8/24/25		3 Months Ago
6/25/24 to 6/25/25		1 Year Ago
9/24/23 to 9/23/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$157.50C$157.50C$136.67C$103.33
Forecasted Upside-24.09% Downside-19.86% Downside-12.49% Downside-4.52% Downside
Consensus RatingHoldHoldModerate 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

TypeShopifyComputer and Technology Companies
Consensus Rating Score
2.33
2.64
Consensus RatingHoldModerate Buy
News Sentiment Rating
Neutral News

See Recent SHOP News
Positive News
Export to Excel
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
8/7/2025Royal Bank Of Canada
3 of 5 stars		 DowngradeOutperform ➝ Sector PerformC$160.00 ➝ C$220.00+7.69%
5/9/2025ATB Capital
5 of 5 stars		 Boost TargetOutperformC$155.00 ➝ C$160.00+26.02%
2/12/2025Mizuho
3 of 5 stars		 Boost TargetHoldC$105.00 ➝ C$110.00-36.95%
11/13/2024National Bankshares
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetC$100.00 ➝ C$140.00-10.72%
2/14/2024Canaccord Genuity Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetBuyC$86.00 ➝ C$90.00-17.03%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:32 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 Tuesday, September 23, 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 C$143.85, which may present a buying opportunity for investors looking for potential growth as the market stabilizes.
  • Shopify Inc. has a strong market capitalization of approximately C$133.97 billion, indicating its significant presence and stability in the commerce sector.
  • The company has shown resilience with a high trading volume recently, suggesting strong investor interest and confidence in its future performance.
  • Shopify Inc. has a robust financial position with a quick ratio of 5.74, indicating its ability to meet short-term obligations, which is a positive sign for investors.
  • Recent analyst upgrades, including increased price targets from various firms, reflect positive sentiment and potential for stock appreciation.

Shopify
Bear Case

red Wall Street bear icon

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

  • The company has a high debt-to-equity ratio of 9.74, which may raise concerns about its financial leverage and risk in a fluctuating market.
  • Shopify Inc. has experienced a decline in stock price recently, which could indicate potential volatility and uncertainty in its market performance.
  • Analysts have expressed mixed sentiments, with some downgrading their ratings, suggesting that not all market experts are confident in the company's growth trajectory.
  • The company's PE ratio of 65.13 indicates that it may be overvalued compared to its earnings, which could deter value-focused investors.
  • Increased competition in the e-commerce space may pose challenges for Shopify Inc. as it strives to maintain its market leadership.

SHOP Forecast - Frequently Asked Questions

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Shopify is C$157.50, with a high forecast of C$220.00 and a low forecast of C$110.00.

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SHOP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHOP, but not buy additional shares or sell existing shares.

According to analysts, Shopify's stock has a predicted downside of -24.09% based on their 12-month stock forecasts.

Over the previous 90 days, Shopify's stock had 1 downgrade by analysts.

Shopify has been rated by research analysts at Royal Bank Of Canada in the past 90 days.

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

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This page (TSE:SHOP) was last updated on 9/23/2025 by MarketBeat.com Staff
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