Free Trial
→ Generate up to $5,000/month with 10X less money? (From Investors Alley) (Ad)tc pixel Free SHOP Stock Alerts

Shopify (SHOP) Stock Forecast & Price Target

Shopify logo
C$203.57 +1.23 (+0.61%)
As of 09/17/2025 04:27 PM Eastern
Compare

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
-22.63% 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 -22.63% from the current price of C$203.57.
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.
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.

Sign Up
By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

SHOP Analyst Ratings Over Time

TypeCurrent Forecast
9/18/24 to 9/18/25		1 Month Ago
8/19/24 to 8/19/25		3 Months Ago
6/20/24 to 6/20/25		1 Year Ago
9/19/23 to 9/18/24
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-22.63% Downside-18.42% Downside-6.54% Downside0.81% Upside
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 Thursday at 07:07 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, September 15, 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 growth in the e-commerce sector.
  • Shopify Inc. has a strong market capitalization of approximately C$133.97 billion, indicating its significant presence and stability in the market.
  • The company has shown resilience with a high trading volume, suggesting strong investor interest and confidence in its future performance.
  • Recent analyst upgrades, including increased price targets from firms like National Bankshares, reflect positive sentiment and potential for stock appreciation.
  • Shopify Inc. continues to innovate and expand its platform, providing essential tools for businesses globally, which can drive revenue growth.

Shopify
Bear Case

red Wall Street bear icon

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

  • The company's debt-to-equity ratio is notably high at 9.74, which may raise concerns about financial leverage and risk.
  • Shopify Inc. has experienced fluctuations in stock price, with a fifty-two week high of C$183.53 and a low of C$72.36, indicating volatility that could deter risk-averse investors.
  • Recent downgrades from analysts, such as ATB Capital reducing its rating, suggest that some experts are cautious about the company's near-term performance.
  • The PE ratio of 65.13 indicates that the stock may be overvalued compared to its earnings, which could lead to a correction in price.
  • Increased competition in the e-commerce space could impact Shopify Inc.'s market share and growth potential, making it a riskier investment.

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 analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 2 hold ratings and 1 buy rating 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 downside of -22.63% 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.

Related Companies
Today's Ratings
Top-Rated Stocks
More Ratings Tools

This page (TSE:SHOP) was last updated on 9/18/2025 by MarketBeat.com Staff
From Our Partners
REVEALED: Something Big Happening Behind White House Doors
what I just learned about what’s unfolding in the White House is truly stunning… And you need to see it for...
Paradigm Press | Sponsoredtc pixel
Generate up to $5,000/month with 10X less money?
The secret to retiring without a million-dollar nest egg. I'm talking about generating enough monthly inco...
Investors Alley | Sponsoredtc pixel
Trump’s national nightmare is here
Porter Stansberry and Jeff Brown say a new U.S. national emergency is already underway — and it could trigger ...
Porter & Company | Sponsoredtc pixel
Warren Buffett’s #1 AI Stock: Not Mag 7, And NOT on the Nasdaq
New Amazon Crisis Could Tank U.S. Stock Market A new panic is halting AI projects at Amazon and could split...
Altimetry | Sponsoredtc pixel
Crypto Gets Official Government Backing—Here's the Winner
Trump Just Signed the GENIUS Act—One Coin is About to Explode We're at the BEGINNING of smart money really ...
Crypto 101 Media | Sponsoredtc pixel
Reagan’s former tech advisor sharing bombshell announcement
George Gilder handed President Reagan the first microchip that helped create $6.5 trillion in wealth over the ...
Banyan Hill Publishing | Sponsoredtc pixel
College grad makes $64,000 a month
A Wall Street legend just helped train our own proprietary AI system in the stock market (a project that took ...
Stansberry Research | Sponsoredtc pixel
Why More Investors Are Using Family Trusts to Protect Their Wealth
For many investors, a family trust can be an essential tool for protecting assets, avoiding probate, and ensur...
SmartAsset | Sponsoredtc pixel