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Shopify (SHOP) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

SHOP Stock Forecast

Shopify (SHOP) stock forecast, based on 63 Wall Street analysts, predicts a 12-month average price target of $156.05, with a high of $191.00 and a low of $126.00. This represents a 24.78% increase from the last price of $125.06.

SHOP Stock Rating

Shopify stock's rating consensus is Buy, based on 63 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 42 Buy (66.67%), 18 Hold (28.57%), 3 Sell (4.76%), and 0 Strong Sell (0.00%).

Buy
Total 63 3 18 42 0 Strong Sell Sell Hold Buy Strong Buy

SHOP Price Target Upside V Benchmarks

TypeNameUpside
StockShopify24.78%
SectorTechnology Stocks 32.60%

Price Target Trends

1M3M12M
# Anlaysts2951
Avg Price Target$155.00$146.78$164.39
Last Closing Price$125.06$125.06$125.06
Upside/Downside23.94%17.37%31.45%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jul, 261028121-51
Jun, 261028121-51
May, 261027121-50
Apr, 261029121-52
Mar, 26930111-51
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 12, 2026Samad SamanaJefferies$160.00$122.5430.57%27.94%
Jul 09, 2026Stifel Nicolaus$150.00$123.1721.78%19.94%
May 06, 2026UBS$130.00$106.8621.65%3.95%
May 06, 2026D.A. Davidson$140.00$107.7629.92%11.95%
May 06, 2026Ken WongOppenheimer$175.00$107.6362.59%39.93%
May 06, 2026Colin SebastianRobert W. Baird$150.00$107.6339.37%19.94%
May 06, 2026Barclays$126.00$107.6317.07%0.75%
May 05, 2026Samad SamanaJefferies$140.00$107.6330.08%11.95%
May 05, 2026James CallahanPiper Sandler$150.00$105.7541.84%19.94%
Mar 08, 2026Samad SamanaJefferies$150.00$130.2015.21%19.94%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jul 13, 2026Morgan StanleyOverweightBuydowngrade
Jul 12, 2026JefferiesHoldBuyupgrade
Jul 10, 2026BMO CapitalOutperformMarket Performinitialise
Jun 18, 2026CitigroupMarket OutperformMarket Outperformhold
May 28, 2026UBSNeutralNeutralhold
May 06, 2026OppenheimerOutperformOutperformhold
May 05, 2026JefferiesHoldHoldhold
May 05, 2026Piper SandlerOverweightOverweighthold
Apr 28, 2026CitigroupBuyBuyhold
Feb 13, 2026CitigroupBuyBuyhold

Financial Forecast

EPS Forecast

$-3 $-2 $-1 $0 $1 $2 $3 $4 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28 Dec 29
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28Dec 29
Reported$2.32$-2.73$0.10$1.56$0.95----
Avg Forecast$0.63$-0.04$0.70$1.28$1.51$1.90$2.64$3.04$3.43
High Forecast$0.67$-0.03$0.75$1.36$1.81$2.90$3.30$3.31$3.74
Low Forecast$0.61$-0.04$0.60$1.20$1.22$1.40$2.02$2.87$3.24
Surprise %268.25%6725.00%-85.71%21.88%-37.09%----

Revenue Forecast

$0 $6B $12B $18B $24B $30B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28 Dec 29
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28Dec 29
Reported$4.61B$5.60B$7.06B$8.88B$11.56B----
Avg Forecast$4.54B$5.47B$7.13B$8.72B$10.94B$13.26B$16.41B$19.55B$23.64B
High Forecast$4.75B$5.70B$7.18B$8.75B$11.27B$15.19B$16.65B$20.92B$25.31B
Low Forecast$4.43B$5.28B$7.10B$8.70B$10.59B$12.34B$16.16B$18.73B$22.65B
Surprise %1.51%2.41%-1.01%1.86%5.63%----

Net Income Forecast

$-5B $-2B $1B $4B $7B $10B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28 Dec 29
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28Dec 29
Reported$2.91B$-3.46B$132.00M$2.02B$1.23B----
Avg Forecast$5.73B$6.46B$132.00M$1.61B$1.95B$1.87B$3.44B$3.93B$4.44B
High Forecast$7.00B$7.89B$161.10M$1.76B$2.34B$3.75B$4.27B$4.29B$4.85B
Low Forecast$4.46B$5.03B$102.90M$1.55B$1.58B$1.81B$2.61B$3.72B$4.20B
Surprise %-49.15%-153.54%-25.40%-36.90%----

SHOP Forecast FAQ

Is Shopify stock a buy?

Shopify stock has a consensus rating of Buy, based on 63 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 42 Buy, 18 Hold, 3 Sell, and 0 Strong Sell, reflecting a consensus that Shopify is a favorable investment for most analysts.

What is Shopify's price target?

Shopify's price target, set by 63 Wall Street analysts, averages $156.05 over the next 12 months. The price target range spans from $126 at the low end to $191 at the high end, suggesting a potential 24.78% change from the previous closing price of $125.06.

How does Shopify stock forecast compare to its benchmarks?

Shopify's stock forecast shows a 24.78% upside, underperforming the average forecast for the technology stocks sector (32.60%).

What is the breakdown of analyst ratings for Shopify over the past three months?

  • July 2026: 19.61% Strong Buy, 54.90% Buy, 23.53% Hold, 1.96% Sell, 0% Strong Sell.
  • June 2026: 19.61% Strong Buy, 54.90% Buy, 23.53% Hold, 1.96% Sell, 0% Strong Sell.
  • May 2026: 20.00% Strong Buy, 54.00% Buy, 24.00% Hold, 2.00% Sell, 0% Strong Sell.

What is Shopify’s EPS forecast?

Shopify's average annual EPS forecast for its fiscal year ending in December 2026 is $1.9, marking a 100.00% increase from the reported $0.95 in 2025. Estimates for the following years are $2.64 in 2027, $3.04 in 2028, and $3.43 in 2029.

What is Shopify’s revenue forecast?

Shopify's average annual revenue forecast for its fiscal year ending in December 2026 is $13.26B, reflecting a 14.72% increase from the reported $11.56B in 2025. The forecast for 2027 is $16.41B, followed by $19.55B for 2028, and $23.64B for 2029.

What is Shopify’s net income forecast?

Shopify's net income forecast for the fiscal year ending in December 2026 stands at $1.87B, representing an 51.64% increase from the reported $1.23B in 2025. Projections indicate $3.44B in 2027, $3.93B in 2028, and $4.44B in 2029.