Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
109.54
-6.50 (-5.60%)
At close: Jun 5, 2026, 4:00 PM EDT
108.10
-1.44 (-1.31%)
After-hours: Jun 5, 2026, 7:59 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 $150.11. The average 1-year stock price forecast is 37.04% higher than the current stock price, while the lowest is $105 (-4.14%) and the highest is $200 (+82.58%).
Price Target: $150.11 (+37.04%)
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 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 25 | 24 | 30 | 30 | 29 | 28 |
| Buy | 7 | 8 | 10 | 10 | 10 | 10 |
| Hold | 19 | 19 | 11 | 12 | 12 | 12 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 52 | 52 | 52 | 53 | 52 | 51 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Maintains $150 | Buy | Maintains | $150 | +36.94% | May 21, 2026 |
| Stifel Nicolaus | Stifel Nicolaus | Hold Maintains $110 | Hold | Maintains | $110 | +0.42% | May 8, 2026 |
| Citizens JMP | Citizens JMP | Buy Maintains $160 → $150 | Buy | Maintains | $160 → $150 | +36.94% | May 7, 2026 |
| Robert W. Baird | Robert W. Baird | Buy Maintains $160 → $150 | Buy | Maintains | $160 → $150 | +36.94% | May 7, 2026 |
| ATB Cormark Capital Markets | ATB Cormark Capital Markets | Buy Maintains $181 → $174 | Buy | Maintains | $181 → $174 | +58.63% | May 7, 2026 |
Financial Forecast
Revenue This Year
14.80B
from 11.56B
Increased by 28.05%
Revenue Next Year
18.32B
from 14.80B
Increased by 23.80%
EPS This Year
1.84
from 1.43
Increased by 28.43%
EPS Next Year
2.33
from 1.84
Increased by 26.97%
EPS and Forward PE are based on non-GAAP adjusted numbers.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 15.1B | ||
| Avg | 14.8B | ||
| Low | 14.3B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 30.4% | ||
| Avg | 28.0% | ||
| Low | 24.0% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | - | ||
| Avg | 1.84 | ||
| Low | - |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | - | ||
| Avg | 28.4% | ||
| Low | - |