Shopify (SHOP) Stock Forecast & Price Target $97.64 +2.16 (+2.26%) Closing price 04/1/2025 04:00 PM EasternExtended Trading$96.52 -1.12 (-1.15%) As of 04:31 AM 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. Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsBuy This Stock Shopify - Analysts' Recommendations and Stock Price Forecast (2025) How MarketBeat Calculates Price Target and Consensus Rating 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 Moderate BuyBased on 40 Analyst RatingsSell1Hold14Buy25 Based on 40 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 40 analysts, 1 has given a sell rating, 14 have given a hold rating, 24 have given a buy rating, and 1 has given a strong buy rating for SHOP. Consensus Price Target $126.3129.37% Upside According to the 40 analysts' twelve-month price targets for Shopify, the average price target is $126.31. 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 29.37% from the current price of $97.64. Get the Latest News and Ratings for SHOP and Related Stocks Enter your email address to receive the latest news and analysts' ratings for Shopify and its competitors. Enter your email to sign up for newsletter Sign Up SHOP Analyst Ratings Over TimeTypeCurrent Forecast4/2/24 to 4/2/251 Month Ago3/3/24 to 3/3/253 Months Ago1/3/24 to 1/2/251 Year Ago4/3/23 to 4/2/24Strong Buy1 Strong Buy rating(s)1 Strong Buy rating(s)1 Strong Buy rating(s)0 Strong Buy rating(s)Buy24 Buy rating(s)24 Buy rating(s)23 Buy rating(s)14 Buy rating(s)Hold14 Hold rating(s)14 Hold rating(s)15 Hold rating(s)19 Hold rating(s)Sell1 Sell rating(s)1 Sell rating(s)1 Sell rating(s)3 Sell rating(s)Consensus Price Target$126.31$126.31$99.03$77.05Forecasted Upside29.37% Upside18.88% Upside-7.91% Downside-1.36% DownsideConsensus RatingModerate BuyModerate BuyModerate BuyHold Remove Ads SHOP Analyst Recommendations By MonthAnalyst Ratings Chart DescriptionThe 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 MonthAverage Share Price and Price Target by Month Chart DescriptionThe 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 CompetitionTypeShopifyComputer and Technology CompaniesS&P 500Consensus Rating Score 2.63 2.68 2.54Consensus RatingModerate BuyModerate BuyModerate BuyPredicted Upside29.37% Upside591.71% Upside19.03% UpsideNews Sentiment RatingPositive NewsSee Recent SHOP NewsPositive NewsPositive News Remove Ads Recent Analyst Forecasts and Stock Ratings All Ratings Strong Buy Buy Hold Sell Rating Show All Upside > 100% Upside 50% - 100% Upside 20% - 50% Upside 10% - 20% Upside 0% - 10% Downside 0% - 10% Downside 10% - 20% Downside 20% - 50% Downside 50% - 100% Downside > 100% Upside/Downside All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Action Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 3 Years 5 Years Time Frame Start Date End Date Most Recent from Each Brokerage All Show Export to Excel DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails3/21/2025Royal Bank of Canada4 of 5 stars Set TargetOutperform$145.00+39.70%2/18/2025Jefferies Financial Group2 of 5 starsSamad SamanaSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetHold ➝ Hold$110.00 ➝ $130.00+0.62%2/17/2025Phillip Securities0 of 5 starsH. WangSubscribe to MarketBeat All Access for the recommendation accuracy ratingDowngradeStrong-Buy ➝ Moderate Buy2/12/2025CIBCSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetOutperform$135.00 ➝ $160.00+30.88%2/12/2025Robert W. BairdSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetOutperform$126.00 ➝ $135.00+10.43%2/12/2025Deutsche Bank AktiengesellschaftSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetBuy$125.00 ➝ $150.00+22.70%2/12/2025Wells Fargo & CompanySubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetOverweight$120.00 ➝ $135.00+10.43%2/12/2025DA DavidsonSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetBuy$130.00 ➝ $150.00+22.58%2/12/2025ATB CapitalSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetSector Perform$145.00 ➝ $170.00+38.93%2/12/2025TD SecuritiesSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetHold$100.00 ➝ $130.00+6.24% Get the Latest News and Ratings for SHOP and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Shopify and its competitors with MarketBeat's FREE daily newsletter. 2/12/2025Morgan StanleySubscribe to MarketBeat All Access for the recommendation accuracy ratingKeith WeissSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetOverweight ➝ Overweight$126.00 ➝ $144.00+18.40%2/12/2025UBS GroupSubscribe to MarketBeat All Access for the recommendation accuracy ratingTimothy ChiodoSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetNeutral ➝ Neutral$110.00 ➝ $125.00+2.18%2/12/2025Truist FinancialSubscribe to MarketBeat All Access for the recommendation accuracy ratingTerry TillmanSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetHold ➝ Hold$110.00 ➝ $120.00-1.91%2/12/2025The Goldman Sachs GroupSubscribe to MarketBeat All Access for the recommendation accuracy ratingGabriela BorgesSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetBuy ➝ Buy$135.00 ➝ $150.00+25.21%2/12/2025ScotiabankSubscribe to MarketBeat All Access for the recommendation accuracy ratingKevin KrishnaratneSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetSector Perform ➝ Sector Perform$115.00 ➝ $120.00+0.06%2/12/2025BarclaysSubscribe to MarketBeat All Access for the recommendation accuracy ratingTrevor YoungSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetEqual Weight ➝ Equal Weight$93.00 ➝ $100.00-16.46%2/12/2025JPMorgan Chase & Co.Subscribe to MarketBeat All Access for the recommendation accuracy ratingReginald SmithSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetOverweight ➝ Overweight$121.00 ➝ $124.00+4.69%2/12/2025Evercore ISISubscribe to MarketBeat All Access for the recommendation accuracy ratingMark MahaneySubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetOutperform ➝ Outperform$125.00 ➝ $140.00+12.92%2/12/2025Cantor FitzgeraldSubscribe to MarketBeat All Access for the recommendation accuracy ratingD. MathivananSubscribe to MarketBeat All Access for the recommendation accuracy ratingReiterated RatingNeutral ➝ Neutral$120.00 ➝ $120.00-3.21%2/12/2025Canaccord Genuity GroupSubscribe to MarketBeat All Access for the recommendation accuracy ratingDavid HynesSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetBuy ➝ Buy$125.00 ➝ $140.00+12.92%2/12/2025Piper SandlerSubscribe to MarketBeat All Access for the recommendation accuracy ratingClarke JeffriesSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetNeutral ➝ Neutral$94.00 ➝ $104.00-16.12%2/12/2025OppenheimerSubscribe to MarketBeat All Access for the recommendation accuracy ratingKen WongSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetOutperform ➝ Outperform$130.00 ➝ $150.00+20.99%2/11/2025WedbushSubscribe to MarketBeat All Access for the recommendation accuracy ratingS. DevittSubscribe to MarketBeat All Access for the recommendation accuracy ratingReiterated RatingOutperform$125.00 ➝ $125.00+0.82%2/11/2025CitigroupSubscribe to MarketBeat All Access for the recommendation accuracy ratingTyler RadkeSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetBuy ➝ Buy$143.00 ➝ $175.00+45.98%2/10/2025BenchmarkSubscribe to MarketBeat All Access for the recommendation accuracy ratingM. ZgutowiczSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeHold ➝ Buy$150.00+27.85%1/10/2025New Street ResearchSubscribe to MarketBeat All Access for the recommendation accuracy ratingD. SalmonSubscribe to MarketBeat All Access for the recommendation accuracy ratingInitiated CoverageNeutral$115.00+12.86%12/12/2024JMP SecuritiesSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingMarket Outperform ➝ Market Outperform$120.00 ➝ $120.00+2.19%12/6/2024Loop CapitalSubscribe to MarketBeat All Access for the recommendation accuracy ratingA. ChukumbaSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeHold ➝ Buy$110.00 ➝ $140.00+22.72%11/26/2024Moffett NathansonSubscribe to MarketBeat All Access for the recommendation accuracy ratingM. MortonSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetNeutral ➝ Neutral$86.00 ➝ $99.00-10.92%11/21/2024DZ BankSubscribe to MarketBeat All Access for the recommendation accuracy rating DowngradeHold ➝ Sell11/13/2024KeyCorpSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetOverweight ➝ Overweight$80.00 ➝ $130.00+17.58%11/13/2024MizuhoSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetNeutral ➝ Neutral$68.00 ➝ $105.00-2.99%11/12/2024Atb Cap MarketsSubscribe to MarketBeat All Access for the recommendation accuracy ratingM. TonerSubscribe to MarketBeat All Access for the recommendation accuracy ratingDowngradeStrong-Buy ➝ Hold9/17/2024Redburn AtlanticSubscribe to MarketBeat All Access for the recommendation accuracy ratingF. KunwarSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeNeutral ➝ Buy$99.00+34.53%8/8/2024ArgusSubscribe to MarketBeat All Access for the recommendation accuracy ratingJ. KelleherSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeStrong-Buy8/8/2024EvercoreSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost Target$75.00 ➝ $80.00+17.18%8/8/2024Roth MkmSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetBuy ➝ Buy$77.00 ➝ $79.00+18.23%7/16/2024Wolfe ResearchSubscribe to MarketBeat All Access for the recommendation accuracy ratingS. KhajuriaSubscribe to MarketBeat All Access for the recommendation accuracy ratingInitiated CoverageOutperform$80.00+24.56%7/16/2024Bank of AmericaSubscribe to MarketBeat All Access for the recommendation accuracy rating UpgradeNeutral ➝ Buy$78.00 ➝ $82.00+27.68%5/9/2024Needham & Company LLCSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingHoldCrypto Genius: 12,000% in 12 months? [Here’s how] (Ad)We are entering the final Trump Bump of our lives. But the biggest returns will not be in the stock market.If I’m right about this (like I was before) a modest $900 investment…5/2/2024BNP ParibasSubscribe to MarketBeat All Access for the recommendation accuracy rating UpgradeUnderperform ➝ Outperform2/14/2024Roth CapitalSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetBuy$85.00 ➝ $89.00+11.14%1/26/2024National BanksharesSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetOutperform$80.00 ➝ $100.00+22.13%12/6/2023Stifel NicolausSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost Target$65.00 ➝ $75.00+3.91%10/25/2023Veritas Investment ResearchSubscribe to MarketBeat All Access for the recommendation accuracy rating Set TargetBuy$52.00+6.80%7/14/2023Credit Suisse GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetNeutral$53.00 ➝ $55.00-21.83%5/9/2023888Subscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingMaintains5/9/2023Atlantic SecuritiesSubscribe to MarketBeat All Access for the recommendation accuracy rating DowngradeOverweight ➝ Neutral$55.00 ➝ $65.00+0.96%5/5/202358.comSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingMaintains5/5/2023National Bank FinancialSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost Target$60.00 ➝ $80.00+39.62%Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:42 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 Sunday, March 30, 2025. Please send any questions or comments about these Shopify pros and cons to contact@marketbeat.com. Shopify Bull Case Here are some ways that investors could benefit from investing in Shopify Inc.: Shopify Inc. has received a consensus rating of "Moderate Buy" from analysts, indicating positive sentiment towards the stock's future performance. The stock has a current price of $96.51, which is significantly lower than its one-year high of $129.38, suggesting potential for price appreciation. With a market capitalization of $124.96 billion, Shopify Inc. is a well-established player in the e-commerce sector, providing stability and growth potential. Recent upgrades from analysts, including price targets raised to $140.00, reflect confidence in the company's growth trajectory and market position. Shopify Inc. reported a net margin of 22.74%, indicating strong profitability, which can be attractive for investors looking for financially healthy companies. Shopify Bear Case Investors should be bearish about investing in Shopify Inc. for these reasons: One analyst has issued a sell rating, which may indicate concerns about the stock's future performance and potential risks. The stock has a high P/E ratio of 62.27, suggesting that it may be overvalued compared to its earnings, which could deter value-focused investors. Shopify Inc. missed earnings expectations in its latest quarterly report, which could raise concerns about its ability to meet future financial targets. Despite a strong market presence, the competitive landscape in e-commerce is intensifying, which could impact Shopify Inc.'s market share and growth prospects. With a beta of 2.60, Shopify Inc. is more volatile than the market, indicating higher risk for investors who may be averse to price fluctuations. SHOP Forecast - Frequently Asked Questions What is Shopify's forecast for 2025? According to the research reports of 40 Wall Street equities research analysts, the average twelve-month stock price forecast for Shopify is $126.31, with a high forecast of $175.00 and a low forecast of $79.00. Should I buy or sell Shopify stock right now? 40 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There is currently 1 sell rating, 14 hold ratings, 24 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SHOP shares. Does Shopify's stock price have much upside? According to analysts, Shopify's stock has a predicted upside of 29.37% based on their 12-month stock forecasts. Has Shopify been upgraded or downgraded by Wall Street analysts recently? Over the previous 90 days, Shopify's stock had 2 upgrades and 1 downgrade by analysts. What analysts cover Shopify? Shopify has been rated by research analysts at ATB Capital, Barclays, Benchmark, Canaccord Genuity Group, Cantor Fitzgerald, CIBC, Citigroup, DA Davidson, Deutsche Bank Aktiengesellschaft, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, New Street Research, Oppenheimer, Phillip Securities, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Scotiabank, TD Securities, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days. Do Wall Street analysts like Shopify more than its competitors? Analysts like Shopify less than other "computer and technology" companies. The consensus rating score for Shopify is 2.63 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how SHOP compares to other companies. Stock Forecasts and Research Tools Related Companies SAP Stock Forecast PLTR Stock Forecast APP Stock Forecast CRWD Stock Forecast INFY Stock Forecast NTES Stock Forecast TEAM Stock Forecast SNOW Stock Forecast NET Stock Forecast VEEV Stock Forecast Today's Ratings U.S. Ratings U.K. Ratings Canadian Ratings All Upgrades All Downgrades All Initiations All Price Target Changes Top-Rated Stocks Top Rated Stocks Top-Rated Dividend Stocks Top-Rated Small-Cap Stocks Top-Rated Tech Stocks Most-Upgraded Stocks Most-Downgraded Stocks Lowest-Rated Stocks More Ratings Tools Stock Ratings by Issuer Top-Rated Analysts Top-Rated Brokerages Stock Ratings Screener Free Ratings Newsletter This page (NYSE:SHOP) was last updated on 4/2/2025 by MarketBeat.com Staff From Our PartnersTrump Allies Confirm Exec Order 14024 Triggers Dollar CollapseExecutive Order 14024 is paving the way for irreversible damage to the dollar's value—threatening your wealth,...Priority Gold | SponsoredDOGE Social Security bombshell?Elon Musk just dropped another bombshell... 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