Shopify (SHOP) Stock Forecast & Price Target C$112.31 +2.89 (+2.64%) As of 04/7/2025 04:21 PM Eastern Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsChartCompetitorsHeadlinesInsider TradesBuy 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 HoldBased on 2 Analyst RatingsSell0Hold2Buy0 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$131.6717.24% 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 17.24% from the current price of C$112.31. 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 Forecast4/8/24 to 4/8/251 Month Ago3/9/24 to 3/9/253 Months Ago1/9/24 to 1/8/251 Year Ago4/9/23 to 4/8/24Strong Buy0 Strong Buy rating(s)0 Strong Buy rating(s)0 Strong Buy rating(s)0 Strong Buy rating(s)Buy0 Buy rating(s)0 Buy rating(s)1 Buy rating(s)2 Buy rating(s)Hold2 Hold rating(s)2 Hold rating(s)1 Hold rating(s)2 Hold rating(s)Sell0 Sell rating(s)0 Sell rating(s)0 Sell rating(s)0 Sell rating(s)Consensus Price TargetC$131.67C$131.67C$125.00C$89.25Forecasted Upside17.24% Upside-8.47% Downside-19.29% Downside-11.63% DownsideConsensus RatingHoldHoldModerate BuyModerate Buy 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 CompaniesConsensus Rating Score 2.00 2.67Consensus RatingHoldModerate BuyNews Sentiment RatingNeutral NewsSee Recent SHOP 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 DateDetails2/12/2025Mizuho3 of 5 stars Boost TargetHoldC$105.00 ➝ C$110.00-36.95%11/13/2024ATB Capital4 of 5 stars DowngradeOutperform ➝ Sector PerformC$120.00 ➝ C$145.00-7.53%11/13/2024National Bankshares2 of 5 stars Boost TargetC$100.00 ➝ C$140.00-10.72%2/14/2024Canaccord Genuity GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetBuyC$86.00 ➝ C$90.00-17.03%12/6/2023Royal Bank of CanadaSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetOutperformC$80.00 ➝ C$100.00+2.08%8/3/2023CSFBSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetNeutralC$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 Tuesday at 09:03 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 What is Shopify's forecast for 2025? 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. Should I buy or sell Shopify stock right now? 2 Wall Street equities research 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 equities research 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. Does Shopify's stock price have much upside? According to analysts, Shopify's stock has a predicted upside of 17.24% based on their 12-month stock forecasts. What analysts cover Shopify? Shopify has been rated by research analysts at Mizuho 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 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 CSU Stock Forecast SAP Stock Forecast BB Stock Forecast LSPD Stock Forecast DV Stock Forecast DCBO Stock Forecast PD Stock Forecast AI Stock Forecast S Stock Forecast NOW 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 (TSE:SHOP) was last updated on 4/8/2025 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 | Sponsored**Breaking NEWS* This Company Starts To Rally As it Reduces $20 Million in Debt**Breaking NEWS* This Company Starts To Rally As it Reduces $20 Million in Debt Discover why Notable Names ...Huge Alerts | SponsoredThree new patents reveal Elon and Trump’s secret “Project America”Right now for a limited time… You can get Tim Bohen’s top 5 Trump stocks for 2025… For only ONE DOLLAR!...Timothy Sykes | Sponsored10X Bigger than AI, quantum, EVs, crypto, and robotics combined?World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" Sam Altman, Bill Gates, and M...Stansberry Research | SponsoredWill the U.S. military protect this $10B gold mine?You don’t need the gold price to move another inch for this company to potentially re-rate several hundred per...Golden Portfolio | SponsoredWarning: “DOGE Collapse” imminentElon Strikes Back You may already sense that the tide is turning against Elon Musk and DOGE. 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