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Shopify (SHOP) Stock Forecast & Price Target

Shopify logo
C$137.94 +4.25 (+3.18%)
As of 05/15/2026 04:15 PM Eastern
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Shopify - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings
Sell
0
Hold
2
Buy
2

Based on 4 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 4 analysts, 2 have given a hold rating, and 2 have given a buy rating for SHOP.

Consensus Price Target

C$206.33
49.58% Upside
According to the 4 analysts' twelve-month price targets for Shopify, the average price target is C$206.33. The highest price target for SHOP is C$240.00, while the lowest price target for SHOP is C$159.00. The average price target represents a forecasted upside of 49.58% from the current price of C$137.94.
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
5/17/25 to 5/17/26		1 Month Ago
4/17/25 to 4/17/26		3 Months Ago
2/16/25 to 2/16/26		1 Year Ago
5/17/24 to 5/17/25
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 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$206.33C$209.67C$209.67C$136.67
Forecasted Upside49.58% Upside16.81% Upside36.25% Upside-11.78% Downside
Consensus RatingModerate BuyModerate BuyHoldModerate 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 Companies
Consensus Rating Score
2.50
2.30
Consensus RatingModerate BuyHold
News Sentiment Rating
Neutral News

See Recent SHOP News
Positive News
Export
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
5/6/2026
ATB Cormark Capital Markets logo
ATB Cormark Capital Markets
5 of 5 stars
 Lower TargetOutperformC$250.00 ➝ C$240.00+67.43%
4/6/2026
Wells Fargo & Company logo
Wells Fargo & Company
3 of 5 stars
 Lower TargetOverweight$191.00 ➝ $166.00
11/5/2025
TD Securities logo
TD Securities
4 of 5 stars
 Boost TargetHoldC$156.00 ➝ C$159.00-32.21%
8/7/2025
Royal Bank Of Canada logo
Royal Bank Of Canada
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 DowngradeOutperform ➝ Sector PerformC$160.00 ➝ C$220.00+7.69%
2/12/2025
Mizuho logo
Mizuho
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Boost TargetHoldC$105.00 ➝ C$110.00-36.95%
11/13/2024
National Bank Financial logo
National Bank Financial
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
 Boost TargetC$100.00 ➝ C$140.00-10.72%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:46 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, May 12, 2026. 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$159.92, which reflects a recent decline but may present a buying opportunity for investors looking for value.
  • Shopify Inc. has a strong market presence, powering millions of businesses in over 175 countries, indicating robust demand for its services.
  • Recent analyst ratings show a consensus of "Moderate Buy," with an average price target of C$209.67, suggesting potential for price appreciation.
  • The company reported a revenue of C$4.41 billion for the latest quarter, showcasing its ability to generate significant income.
  • Shopify Inc. has a high return on equity of 10.12%, indicating effective management and profitability relative to shareholder equity.

Shopify
Bear Case

red Wall Street bear icon

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

  • The stock has experienced a significant decline of 7.8% recently, which may indicate volatility and uncertainty in the market.
  • Shopify Inc. has a high price-to-earnings ratio of 155.46, suggesting that the stock may be overvalued compared to its earnings.
  • There is a relatively high debt-to-equity ratio of 2.66, which could indicate financial risk if the company faces downturns.
  • Analysts have recently adjusted price targets downward, with Wells Fargo reducing its target from $191.00 to $166.00, reflecting cautious sentiment.
  • The stock's trading volume has decreased significantly, indicating reduced investor interest and potential liquidity issues.

SHOP Forecast - Frequently Asked Questions

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Shopify is C$206.33, with a high forecast of C$240.00 and a low forecast of C$159.00.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SHOP shares.

According to analysts, Shopify's stock has a predicted upside of 49.58% based on their 12-month stock forecasts.

Shopify has been rated by research analysts at ATB Cormark Capital Markets, and Wells Fargo & Company in the past 90 days.

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

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This page (TSE:SHOP) was last updated on 5/17/2026 by MarketBeat.com Staff.
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