Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
123.55
-2.13 (-1.69%)
At close: Jul 15, 2026, 4:00 PM EDT
123.60
+0.05 (0.04%)
After-hours: Jul 15, 2026, 6:00 PM EDT
Shopify Stock Forecast
Stock Price Forecast
According to 51 analysts polled by S&P Global, Shopify stock has a consensus rating of "Buy" and an average price target of $148.93. The average 1-year stock price forecast is 20.54% higher than the current stock price, while the lowest is $105 (-15.01%) and the highest is $200 (+61.88%).
Price Target: $148.93 (+20.54%)
Analyst Consensus: Buy
Analyst 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 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 30 | 30 | 29 | 28 | 28 | 30 |
| Buy | 10 | 10 | 10 | 10 | 10 | 10 |
| Hold | 11 | 12 | 12 | 12 | 12 | 10 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 52 | 53 | 52 | 51 | 51 | 51 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel Nicolaus | Stifel Nicolaus | Buy Upgrades $150 | Buy | Upgrades | $150 | +21.41% | Jul 10, 2026 |
| CIBC | CIBC | Buy Maintains $185 | Buy | Maintains | $185 | +49.74% | Jul 9, 2026 |
| Bank of America Securities | Bank of America Securities | Buy Initiates $150 | Buy | Initiates | $150 | +21.41% | Jul 7, 2026 |
| J.P. Morgan | J.P. Morgan | Buy Maintains $150 | Buy | Maintains | $150 | +21.41% | Jun 18, 2026 |
| William Blair | William Blair | Buy Maintains n/a | Buy | Maintains | n/a | n/a | Jun 3, 2026 |
Financial Forecast
Revenue This Year
14.80B
from 11.56B
Increased by 28.08%
Revenue Next Year
18.33B
from 14.80B
Increased by 23.82%
EPS This Year
1.84
from 1.43
Increased by 28.93%
EPS Next Year
2.33
from 1.84
Increased by 26.40%
EPS and Forward PE are based on non-GAAP adjusted numbers.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 15.2B | ||
| Avg | 14.8B | ||
| Low | 14.3B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 31.4% | ||
| Avg | 28.1% | ||
| Low | 24.0% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 2.23 | ||
| Avg | 1.84 | ||
| Low | 1.47 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 55.9% | ||
| Avg | 28.9% | ||
| Low | 2.8% |