Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
146.78
-2.48 (-1.66%)
At close: Nov 12, 2026, 4:00 PM EST
146.91
+0.13 (0.09%)
After-hours: Nov 12, 2026, 6:06 PM EST
Shopify Stock Forecast
Stock Price Forecast
According to 55 analysts polled by S&P Global, Shopify stock has a consensus rating of "Buy" and an average price target of $177.29. The average 1-year stock price forecast is 20.79% higher than the current stock price, while the lowest is $120 (-18.24%) and the highest is $220 (+49.88%).
Price Target: $177.29 (+20.79%)
Analyst Consensus: Buy
Price Target
ChartAnalyst Ratings
The average analyst rating for Shopify stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 | Nov '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 28 | 30 | 31 | 32 | 32 | 32 |
| Buy | 10 | 10 | 11 | 11 | 10 | 10 |
| Hold | 12 | 11 | 11 | 11 | 12 | 12 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 51 | 52 | 54 | 55 | 55 | 55 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Argus Research | Argus Research | Buy Reiterates $180 | Buy | Reiterates | $180 | +22.63% | Nov 5, 2026 |
| Wells Fargo | Wells Fargo | Buy Maintains $208 → $205 | Buy | Maintains | $208 → $205 | +39.66% | Nov 5, 2026 |
| Wedbush | Wedbush | Buy Reiterates $176 | Buy | Reiterates | $176 | +19.91% | Nov 5, 2026 |
| Citi | Citi | Buy Maintains $216 | Buy | Maintains | $216 | +47.16% | Nov 5, 2026 |
| CIBC | CIBC | Buy Maintains $220 | Buy | Maintains | $220 | +49.88% | Nov 5, 2026 |
Financial Forecast
Revenue This Year
15.31B
from 11.56B
Increased by 32.51%
Revenue Next Year
19.36B
from 15.31B
Increased by 26.40%
EPS This Year
1.91
from 1.43
Increased by 33.26%
EPS Next Year
2.46
from 1.91
Increased by 29.08%
EPS and Forward PE are based on non-GAAP adjusted numbers.