Shopify (SHOP) Stock Forecast & Price Target

C$115.88 -28.30 (-19.63%)

As of 04/3/2025 04:16 PM Eastern

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

Hold

Based on 2 Analyst Ratings

Sell
0

Hold
2

Buy
0

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

Consensus Price Target

C$131.67
13.62% Upside

According to the 2 analysts' twelve-month price targets for Shopify, the average price target is C$131.67. The highest price target for SHOP is C$145.00, while the lowest price target for SHOP is C$110.00. The average price target represents a forecasted upside of 13.62% from the current price of C$115.88.

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.

SHOP Analyst Ratings Over Time

Type	Current Forecast 4/4/24 to 4/4/25	1 Month Ago 3/5/24 to 3/5/25	3 Months Ago 1/5/24 to 1/4/25	1 Year Ago 4/5/23 to 4/4/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$131.67	C$131.67	C$125.00	C$89.25
Forecasted Upside	13.62% Upside	-13.47% Downside	-20.82% Downside	-11.96% Downside
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy

Remove Ads

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.

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.

Shopify Stock vs. The Competition

Type	Shopify	Computer and Technology Companies
Consensus Rating Score	2.00	2.67
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent SHOP News	Positive News

Remove Ads

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
2/12/2025	Mizuho 3 of 5 stars	Boost Target	Hold	C$105.00 ➝ C$110.00	-36.95%
11/13/2024	ATB Capital 4 of 5 stars	Downgrade	Outperform ➝ Sector Perform	C$120.00 ➝ C$145.00	-7.53%
11/13/2024	National Bankshares 2 of 5 stars	Boost Target		C$100.00 ➝ C$140.00	-10.72%
2/14/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$86.00 ➝ C$90.00	-17.03%
12/6/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$80.00 ➝ C$100.00	+2.08%
8/3/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	C$55.00 ➝ C$62.00	-20.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 02:14 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 Monday, March 31, 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.:

The current stock price of Shopify Inc. is C$133.96, which reflects a significant market capitalization of C$124.76 billion, indicating strong investor interest and confidence in the company's growth potential.
Shopify Inc. has shown resilience with a one-year high of C$183.53, suggesting that the stock has the potential for substantial appreciation, making it an attractive option for growth-oriented investors.
The company has a solid current ratio of 3.71, indicating that it has more than enough short-term assets to cover its short-term liabilities, which is a positive sign of financial health.
Recent analyst upgrades, including a target price increase from National Bankshares to C$140.00, suggest that market experts are optimistic about Shopify Inc.'s future performance.
Shopify Inc. operates in a rapidly growing e-commerce sector, providing a robust platform that caters to a diverse range of businesses globally, which positions it well for continued expansion.

Shopify
Bear Case

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 indicates that it relies heavily on debt financing. This could pose risks if the company faces downturns or increased interest rates.
Shopify Inc. has experienced volatility, with a beta of 2.36, suggesting that its stock price is more volatile than the market. This could lead to higher risks for investors looking for stable returns.
Despite recent upgrades, some analysts have downgraded the stock's rating, indicating mixed sentiments in the market, which could lead to uncertainty for potential investors.
The company's price-to-earnings (PE) ratio of 60.65 is relatively high, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
Shopify Inc. has a quick ratio of 5.74, which, while indicating good short-term liquidity, may also suggest that the company is not effectively utilizing its assets to generate revenue, raising concerns about operational efficiency.

SHOP Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Shopify is C$131.67, with a high forecast of C$145.00 and a low forecast of C$110.00.
: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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 upside of 13.62% based on their 12-month stock forecasts.
: Shopify has been rated by research analysts at Mizuho 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.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top-Rated Stocks

More Ratings Tools

This page (TSE:SHOP) was last updated on 4/4/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Shopify (SHOP) Stock Forecast & Price Target