NYSE:SHOP - Shopify Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Buy
Consensus Price Target: $1,406.09
Forecasted Upside: -4.93 %
Number of Analysts: 33
Breakdown:
1 Sell Ratings
13 Hold Ratings
19 Buy Ratings
0 Strong Buy Ratings

^$1,478.99 As of 06/24/2021 01:00 AM ET

▼ -21.54 (-1.44%)

1 month | 3 months | 12 months

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Analyst Price Target for SHOP

^$1,406.09

▼ -4.93% Downside Potential

This price target is based on 33 analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is $1,406.09, with a high forecast of $1,900.00 and a low forecast of $900.00. The average price target represents a -4.93% upside from the last price of $1,478.99.

Current Consensus is Buy

The current consensus among 33 polled investment analysts is to buy stock in Shopify. This rating has held steady since January 2021, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations Description Skip Past Price Target Consensus Chart

0 strong buy ratings
12 buy ratings
12 hold ratings
2 sell ratings

Ratings as of

1/1/2020

0 strong buy ratings
14 buy ratings
13 hold ratings
2 sell ratings

Ratings as of

3/31/2020

0 strong buy ratings
15 buy ratings
12 hold ratings
2 sell ratings

Ratings as of

6/29/2020

0 strong buy ratings
15 buy ratings
11 hold ratings
2 sell ratings

Ratings as of

9/27/2020

0 strong buy ratings
17 buy ratings
12 hold ratings
2 sell ratings

Ratings as of

12/26/2020

0 strong buy ratings
17 buy ratings
11 hold ratings
1 sell ratings

Ratings as of

3/26/2021

0 strong buy ratings
19 buy ratings
13 hold ratings
1 sell ratings

Ratings as of

5/25/2021

0 strong buy ratings
19 buy ratings
13 hold ratings
1 sell ratings

Ratings as of

6/24/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
5/11/2021	Loop Capital	Upgrade	Hold ➝ Buy	$1,400.00	High
4/29/2021	Citigroup	Boost Price Target		$1,315.00 ➝ $1,420.00	High
4/29/2021	Susquehanna Bancshares	Upgrade	Positive	$1,500.00	Low
4/29/2021	Credit Suisse Group	Boost Price Target	Neutral	$1,350.00 ➝ $1,400.00	High
4/29/2021	Morgan Stanley	Boost Price Target	Equal Weight	$1,300.00 ➝ $1,400.00	High
4/29/2021	Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell	Boost Price Target	Neutral	$1,315.00 ➝ $1,420.00	High
4/29/2021	Roth Capital	Upgrade	Neutral ➝ Buy	$1,325.00 ➝ $1,530.00	High
4/29/2021	Susquehanna	Upgrade	Neutral ➝ Positive	$1,500.00	High
4/28/2021	Piper Sandler	Boost Price Target	Overweight	$1,500.00 ➝ $1,600.00	Medium
4/26/2021	CIBC	Lower Price Target	Neutral	$1,644.50 ➝ $1,325.00	Medium
4/23/2021	Robert W. Baird	Lower Price Target		$1,600.00 ➝ $1,550.00	Low
4/22/2021	Guggenheim	Reiterated Rating	Hold		High
4/21/2021	Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell	Boost Price Target		$1,315.00 ➝ $1,475.00	High
4/21/2021	Citigroup	Boost Price Target		$1,315.00 ➝ $1,475.00	Low
4/13/2021	Evercore ISI	Initiated Coverage	In-Line	$1,360.00	Low
4/5/2021	Evercore ISI	Initiated Coverage	In-Line	$1,360.00	Low
4/5/2021	Credit Suisse Group	Reiterated Rating	Neutral	$1,350.00	Low
3/31/2021	Wolfe Research	Initiated Coverage	Outperform	$1,360.00	Medium
3/31/2021	Stifel Nicolaus	Initiated Coverage	Buy	$1,200.00	Medium
2/25/2021	Wells Fargo & Company	Boost Price Target	Equal Weight	$1,000.00 ➝ $1,550.00	High
2/19/2021	National Bank Financial	Boost Price Target	Outperform	$1,400.00 ➝ $1,650.00	Low
2/19/2021	Mizuho	Boost Price Target	Neutral	$1,050.00 ➝ $1,300.00	Medium
2/18/2021	Royal Bank of Canada	Boost Price Target	Outperform	$1,290.00 ➝ $1,500.00	Low
2/18/2021	Truist	Boost Price Target		$1,100.00 ➝ $1,475.00	Low
2/18/2021	Wells Fargo & Company	Boost Price Target		$1,000.00 ➝ $1,550.00	Low
2/18/2021	Rosenblatt Securities	Boost Price Target	Buy	$1,400.00 ➝ $1,900.00	Low
2/18/2021	DA Davidson	Boost Price Target	Neutral	$1,000.00 ➝ $1,275.00	Low
2/18/2021	Credit Suisse Group	Boost Price Target	Neutral	$1,100.00 ➝ $1,350.00	Low
2/18/2021	Roth Capital	Boost Price Target	Neutral	$1,225.00 ➝ $1,325.00	Low
2/18/2021	Morgan Stanley	Boost Price Target	Equal Weight	$1,100.00 ➝ $1,300.00	Medium
2/18/2021	Canaccord Genuity	Boost Price Target	Hold	$1,000.00 ➝ $1,350.00	Medium
2/18/2021	Barclays	Boost Price Target	Equal Weight	$1,060.00 ➝ $1,300.00	Low
2/18/2021	The Goldman Sachs Group	Boost Price Target	Buy	$1,323.00 ➝ $1,680.00	Medium
2/18/2021	Oppenheimer	Boost Price Target	Outperform	$1,300.00 ➝ $1,500.00	Medium
2/17/2021	KeyCorp	Boost Price Target	Overweight	$1,350.00 ➝ $1,650.00	Medium
2/12/2021	Wedbush	Boost Price Target	Outperform	$1,300.00 ➝ $1,650.00	Low
2/7/2021	The Goldman Sachs Group	Initiated Coverage	Neutral		High
1/15/2021	Roth Capital	Reiterated Rating	Neutral	$1,000.00 ➝ $1,225.00	Low
1/14/2021	Oppenheimer	Upgrade	Market Perform ➝ Outperform		High
1/11/2021	KeyCorp	Boost Price Target	Overweight	$1,250.00 ➝ $1,300.00	Low
12/4/2020	Cleveland Research	Initiated Coverage	Buy	$1,206.00	Low
12/2/2020	Susquehanna Bancshares	Initiated Coverage	Neutral	$950.00	Medium
11/19/2020	Jefferies Financial Group	Upgrade	Hold ➝ Buy	$1,150.00 ➝ $1,250.00	High
10/30/2020	Robert W. Baird	Boost Price Target		$1,200.00 ➝ $1,250.00	Low
10/30/2020	Morgan Stanley	Boost Price Target	Equal Weight	$970.00 ➝ $1,050.00	High
10/29/2020	The Goldman Sachs Group	Boost Price Target	Buy	$1,318.00 ➝ $1,323.00	High
10/14/2020	Roth Capital	Boost Price Target	Neutral	$850.00 ➝ $1,000.00	Medium
10/6/2020	KeyCorp	Boost Price Target	Overweight	$1,150.00 ➝ $1,250.00	Medium
10/5/2020	Morgan Stanley	Initiated Coverage	Equal Weight	$970.00	Medium
10/1/2020	Royal Bank of Canada	Reiterated Rating	Buy	$1,250.00	Medium
9/30/2020	Wedbush	Upgrade	Neutral ➝ Outperform	$998.00 ➝ $1,300.00	Medium
9/21/2020	Loop Capital	Lower Price Target	Hold	$1,100.00 ➝ $1,000.00	High
9/21/2020	The Goldman Sachs Group	Boost Price Target	Buy	$1,286.00 ➝ $1,318.00	High
9/18/2020	Wedbush	Reiterated Rating	Hold		Medium
9/4/2020	Mizuho	Reiterated Rating	Neutral	$1,050.00	Low
8/26/2020	Atlantic Securities	Initiated Coverage	Overweight	$1,150.00	High
7/30/2020	Roth Capital	Boost Price Target		$800.00 ➝ $850.00	Medium
7/30/2020	Robert W. Baird	Boost Price Target		$1,100.00 ➝ $1,200.00	Medium
7/30/2020	Canaccord Genuity	Boost Price Target	Hold	$700.00 ➝ $1,000.00	Low
7/30/2020	Citigroup	Boost Price Target	Neutral	$998.00 ➝ $1,200.00	Low
7/30/2020	Wedbush	Boost Price Target	Neutral	$860.00 ➝ $998.00	Low
7/30/2020	DA Davidson	Boost Price Target	Neutral	$650.00 ➝ $1,000.00	Low
7/30/2020	Royal Bank of Canada	Boost Price Target	Outperform	$1,000.00 ➝ $1,250.00	Low
7/30/2020	Rosenblatt Securities	Reiterated Rating	Buy	$860.00 ➝ $1,400.00	Low
7/30/2020	SunTrust Banks	Boost Price Target	Neutral ➝ Hold	$700.00 ➝ $1,100.00	Low
7/30/2020	Barclays	Boost Price Target	Equal Weight	$960.00 ➝ $1,040.00	Low
7/30/2020	Mizuho	Boost Price Target	Neutral	$825.00 ➝ $1,050.00	Low
7/30/2020	KeyCorp	Boost Price Target	Overweight	$1,125.00 ➝ $1,150.00	Low
7/30/2020	Wells Fargo & Company	Boost Price Target	Hold	$700.00 ➝ $1,000.00	Low
7/29/2020	Bank of America	Reiterated Rating	Sell	$900.00	Low
7/29/2020	Piper Sandler	Boost Price Target	Overweight	$1,015.00 ➝ $1,300.00	High
7/28/2020	Jefferies Financial Group	Reiterated Rating	Hold	$725.00 ➝ $725.00	Medium
7/28/2020	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$1,127.00	Medium
7/24/2020	Guggenheim	Reiterated Rating	Hold		High
7/23/2020	Credit Suisse Group	Boost Price Target	Neutral	$700.00 ➝ $850.00	High
7/23/2020	Piper Sandler	Boost Price Target	Overweight	$843.00 ➝ $1,015.00	High
7/22/2020	Wedbush	Boost Price Target		$850.00 ➝ $860.00	Low
7/22/2020	KeyCorp	Reiterated Rating	Overweight	$1,000.00 ➝ $1,125.00	Low
7/21/2020	Roth Capital	Boost Price Target	Neutral	$750.00 ➝ $800.00	High
7/16/2020	Barclays	Boost Price Target	Equal Weight	$725.00 ➝ $960.00	Medium
7/16/2020	Citigroup	Initiated Coverage	Neutral	$998.00	Medium
7/14/2020	National Bank Financial	Boost Price Target	Outperform	$850.00 ➝ $1,250.00	Medium
7/2/2020	Robert W. Baird	Reiterated Rating	Outperform	$820.00 ➝ $820.00	Medium
7/1/2020	Argus	Initiated Coverage	Buy	$1,050.00	High
6/29/2020	The Goldman Sachs Group	Boost Price Target	Neutral	$786.00 ➝ $1,127.00	Low
6/24/2020	KeyCorp	Reiterated Rating	Overweight	$805.00 ➝ $1,000.00	High
6/18/2020	Royal Bank of Canada	Boost Price Target	Outperform	$825.00 ➝ $1,000.00	High
6/15/2020	National Bank Financial	Reiterated Rating	Buy	$850.00	Low
6/15/2020	Piper Sandler	Upgrade	Neutral ➝ Overweight	$733.00 ➝ $843.00	High
6/2/2020	KeyCorp	Boost Price Target	Overweight	$775.00 ➝ $805.00	Low
5/28/2020	Rosenblatt Securities	Reiterated Rating	Buy	$860.00	Medium
5/21/2020	DA Davidson	Reiterated Rating	Hold	$650.00	Medium
5/21/2020	Credit Suisse Group	Reiterated Rating	Hold ➝ Neutral		Low
5/21/2020	Canaccord Genuity	Boost Price Target	Hold	$650.00 ➝ $700.00	Medium
5/19/2020	Robert W. Baird	Reiterated Rating	Buy		Medium
5/7/2020	National Bank Financial	Boost Price Target	Outperform	$800.00 ➝ $850.00	Medium
5/7/2020	Bank of America	Boost Price Target	Underperform	$350.00 ➝ $500.00	Low
5/7/2020	Rosenblatt Securities	Boost Price Target	Buy	$630.00 ➝ $860.00	Medium
5/7/2020	Royal Bank of Canada	Boost Price Target	Outperform	$650.00 ➝ $825.00	Low
5/7/2020	Loop Capital	Boost Price Target	Neutral ➝ Hold	$350.00 ➝ $700.00	Low
5/7/2020	SunTrust Banks	Boost Price Target	Hold	$585.00 ➝ $700.00	Low
5/7/2020	Credit Suisse Group	Boost Price Target	Neutral	$575.00 ➝ $700.00	Low
5/7/2020	Mizuho	Boost Price Target	Neutral	$350.00 ➝ $600.00	Medium
5/7/2020	DA Davidson	Downgrade	Buy ➝ Neutral	$400.00 ➝ $650.00	Low
5/7/2020	Piper Sandler	Boost Price Target	Neutral	$332.00 ➝ $733.00	Low
5/7/2020	Barclays	Boost Price Target	Equal Weight	$410.00 ➝ $725.00	Medium
5/7/2020	Wells Fargo & Company	Downgrade	Overweight ➝ Equal Weight	$500.00 ➝ $700.00	Medium
5/6/2020	Oppenheimer	Initiated Coverage	Hold		Medium
5/6/2020	Robert W. Baird	Boost Price Target	Outperform	$475.00 ➝ $820.00	Medium
5/6/2020	Jefferies Financial Group	Boost Price Target	Hold	$400.00 ➝ $725.00	Medium
5/6/2020	Roth Capital	Reiterated Rating	Hold	$320.00 ➝ $625.00	Medium
5/4/2020	Pi Financial	Reiterated Rating	Buy	$830.00	High
5/4/2020	KeyCorp	Boost Price Target	Overweight	$500.00 ➝ $700.00	High
4/30/2020	Canaccord Genuity	Downgrade	Buy ➝ Hold	$600.00	Low
4/28/2020	Wedbush	Boost Price Target	Positive ➝ Neutral	$445.00 ➝ $550.00	Low
4/24/2020	National Bank Financial	Boost Price Target	Outperform	$550.00 ➝ $700.00	High
4/21/2020	Rosenblatt Securities	Reiterated Rating	Buy	$630.00	High
4/17/2020	Raymond James	Downgrade	Outperform ➝ Market Perform		Medium
4/16/2020	Barclays	Reiterated Rating	Hold	$410.00	High
4/8/2020	Wells Fargo & Company	Lower Price Target	Overweight	$600.00 ➝ $500.00	High
4/7/2020	Raymond James	Downgrade	Outperform ➝ Market Perform		High
4/6/2020	DA Davidson	Lower Price Target	Buy	$675.00 ➝ $500.00	High
4/2/2020	National Bank Financial	Lower Price Target	Outperform	$600.00 ➝ $550.00	High
4/2/2020	Roth Capital	Lower Price Target		$490.00 ➝ $320.00	Medium
4/2/2020	Royal Bank of Canada	Reiterated Rating	Buy		Medium
4/2/2020	Raymond James	Lower Price Target	Outperform	$600.00 ➝ $400.00	High
4/2/2020	Mizuho	Lower Price Target	Buy	$500.00 ➝ $350.00	High
4/1/2020	Robert W. Baird	Lower Price Target		$590.00 ➝ $475.00	High
3/31/2020	Piper Sandler	Lower Price Target	Neutral	$545.00 ➝ $332.00	Medium
3/23/2020	KeyCorp	Lower Price Target	Overweight	$575.00 ➝ $500.00	High
3/22/2020	Barclays	Reiterated Rating	Hold	$330.00	High
3/20/2020	Loop Capital	Lower Price Target	Hold	$540.00 ➝ $350.00	High
2/14/2020	National Bank Financial	Reiterated Rating	Buy	$600.00	Low
2/13/2020	Roth Capital	Boost Price Target		$390.00 ➝ $490.00	Low
2/13/2020	CIBC	Reiterated Rating	Hold	$600.00	High
2/13/2020	DA Davidson	Reiterated Rating	Buy ➝ Positive	$675.00	High
2/13/2020	SunTrust Banks	Boost Price Target	Hold	$340.00 ➝ $585.00	High
2/13/2020	Robert W. Baird	Boost Price Target	Outperform	$465.00 ➝ $590.00	Medium
2/13/2020	Wedbush	Boost Price Target	Neutral	$325.00 ➝ $475.00	Medium
2/13/2020	Wells Fargo & Company	Boost Price Target	Overweight	$400.00 ➝ $600.00	Medium
2/13/2020	KeyCorp	Boost Price Target	Overweight	$485.00 ➝ $575.00	Medium
2/13/2020	Rosenblatt Securities	Reiterated Rating	Buy	$481.00 ➝ $630.00	Medium
2/13/2020	UBS Group	Reiterated Rating	Underperform	$450.00	Medium
2/12/2020	Credit Suisse Group	Downgrade	Outperform ➝ Neutral	$450.00 ➝ $575.00	Medium
2/12/2020	Pi Financial	Upgrade	Neutral ➝ Buy		Low
2/12/2020	Raymond James	Reiterated Rating	Outperform	$365.00 ➝ $600.00	High
2/12/2020	Canaccord Genuity	Boost Price Target	Buy	$385.00 ➝ $600.00	High
2/12/2020	Royal Bank of Canada	Boost Price Target	Outperform	$400.00 ➝ $650.00	High
2/9/2020	Royal Bank of Canada	Reiterated Rating	Outperform	$400.00 ➝ $650.00	High
1/28/2020	National Bank Financial	Boost Price Target	Outperform	$450.00 ➝ $500.00	High
1/26/2020	Barclays	Reiterated Rating	Hold	$420.00	High
1/22/2020	Pi Financial	Downgrade	Hold		Medium
1/22/2020	Roth Capital	Boost Price Target	Neutral	$330.00 ➝ $390.00	High
1/22/2020	CIBC	Reiterated Rating	Hold	$525.00	Medium
1/21/2020	Robert W. Baird	Boost Price Target		$400.00 ➝ $465.00	Low
1/21/2020	KeyCorp	Boost Price Target	Overweight	$385.00 ➝ $485.00	High
1/15/2020	Loop Capital	Initiated Coverage	Hold	$420.00	Low
1/13/2020	Credit Suisse Group	Boost Price Target	Outperform	$370.00 ➝ $450.00	Medium
1/9/2020	Mizuho	Initiated Coverage	Neutral	$410.00	Low
1/3/2020	National Bank Financial	Boost Price Target	Outperform	$400.00 ➝ $450.00	Medium
12/3/2019	Guggenheim	Reiterated Rating	Hold		High
10/30/2019	Rosenblatt Securities	Reiterated Rating	Buy	$481.00	Low
10/28/2019	Royal Bank of Canada	Reiterated Rating	Outperform	$400.00	Low
10/25/2019	Guggenheim	Reiterated Rating	Hold		Low
10/22/2019	Rosenblatt Securities	Reiterated Rating	Buy	$481.00	High
10/8/2019	CIBC	Set Price Target	Hold	$350.00	Low
9/11/2019	Credit Suisse Group	Reiterated Rating	Buy	$370.00	High
9/10/2019	Piper Jaffray Companies	Set Price Target	Hold	$320.00	Low
9/10/2019	Jefferies Financial Group	Set Price Target	Hold	$300.00	Low
9/10/2019	William Blair	Reiterated Rating	Hold		Low
9/10/2019	National Bank Financial	Set Price Target	Buy	$400.00	N/A
9/10/2019	Roth Capital	Set Price Target	Hold	$325.00	N/A
9/9/2019	Robert W. Baird	Boost Price Target	Outperform	$370.00 ➝ $410.00	High
8/27/2019	Rosenblatt Securities	Boost Price Target	Buy	$410.00 ➝ $481.00	Medium
8/2/2019	National Bank Financial	Boost Price Target	Outperform	$350.00 ➝ $400.00	Low
8/2/2019	CSFB	Boost Price Target	Outperform	$275.00 ➝ $370.00	Low
8/2/2019	Raymond James	Boost Price Target	Outperform	$270.00 ➝ $365.00	Low
8/2/2019	Bank of America	Boost Price Target	Underperform	$185.00 ➝ $300.00	Medium
8/2/2019	Royal Bank of Canada	Boost Price Target	Outperform	$400.00	Medium
8/2/2019	KeyCorp	Boost Price Target	Overweight	$350.00 ➝ $385.00	Medium
8/2/2019	Rosenblatt Securities	Reiterated Rating	Buy	$410.00	Medium
8/1/2019	William Blair	Reiterated Rating	Market Perform		Low
8/1/2019	Robert W. Baird	Boost Price Target		$360.00 ➝ $370.00	Medium
8/1/2019	Canaccord Genuity	Boost Price Target	Buy	$360.00 ➝ $385.00	Medium
8/1/2019	Piper Jaffray Companies	Boost Price Target	Neutral	$286.00 ➝ $320.00	Medium
8/1/2019	Jefferies Financial Group	Boost Price Target	Hold	$250.00 ➝ $300.00	Medium
7/21/2019	Roth Capital	Set Price Target	Hold	$300.00	N/A
7/15/2019	Mackie	Boost Price Target	Buy	$280.00 ➝ $360.00	Low
7/8/2019	KeyCorp	Reiterated Rating	Overweight ➝ Overweight	$300.00 ➝ $350.00	High
6/26/2019	Jefferies Financial Group	Boost Price Target	Hold	$205.00 ➝ $250.00	Low
6/25/2019	Wedbush	Downgrade	Outperform ➝ Neutral	$270.00 ➝ $305.00	High
6/24/2019	Roth Capital	Downgrade	Buy ➝ Neutral	$275.00 ➝ $300.00	Low
6/24/2019	DA Davidson	Boost Price Target	Buy	$290.00 ➝ $400.00	High
6/21/2019	Royal Bank of Canada	Boost Price Target	Outperform	$265.00 ➝ $347.00	Low
6/21/2019	Barclays	Boost Price Target	Equal Weight	$225.00 ➝ $310.00	Low
6/20/2019	National Bank Financial	Boost Price Target	Outperform	$270.00 ➝ $350.00	Low
6/20/2019	Canaccord Genuity	Reiterated Rating	Buy ➝ Buy	$270.00 ➝ $360.00	Medium
6/20/2019	Robert W. Baird	Boost Price Target	Outperform	$269.00 ➝ $360.00	High
6/20/2019	Rosenblatt Securities	Reiterated Rating	Buy ➝ Buy	$295.00 ➝ $395.00	High
6/20/2019	UBS Group	Boost Price Target	Buy	$295.00 ➝ $395.00	High
6/20/2019	Piper Jaffray Companies	Boost Price Target	Neutral	$216.00 ➝ $286.00	Medium
6/20/2019	CIBC	Downgrade	Outperform ➝ Neutral	$260.00 ➝ $350.00	Medium
6/7/2019	The Goldman Sachs Group	Initiated Coverage	Neutral ➝ Neutral	$264.00	Medium
6/6/2019	KeyCorp	Boost Price Target	Overweight	$275.00 ➝ $300.00	Medium
5/14/2019	Morgan Stanley	Downgrade	Equal Weight ➝ Underweight	$173.00 ➝ $209.00	Medium
5/13/2019	Guggenheim	Downgrade	Buy ➝ Neutral		Low
5/1/2019	National Bank Financial	Boost Price Target	Outperform	$250.00 ➝ $270.00	High
5/1/2019	DA Davidson	Boost Price Target	Buy ➝ Buy	$210.00 ➝ $290.00	Medium
5/1/2019	Credit Suisse Group	Boost Price Target	Outperform	$190.00 ➝ $275.00	Low
5/1/2019	Barclays	Boost Price Target	Equal Weight ➝ Equal Weight	$155.00 ➝ $225.00	Low
5/1/2019	Wells Fargo & Company	Boost Price Target	Outperform ➝ Outperform	$195.00 ➝ $275.00	Medium
5/1/2019	SunTrust Banks	Boost Price Target	Positive ➝ Hold	$245.00	Medium
5/1/2019	KeyCorp	Boost Price Target	Buy	$250.00 ➝ $275.00	Medium
5/1/2019	Canaccord Genuity	Boost Price Target	Buy ➝ Buy	$190.00 ➝ $270.00	Medium
4/30/2019	Piper Jaffray Companies	Boost Price Target	Neutral	$149.00 ➝ $216.00	Medium
4/30/2019	Roth Capital	Boost Price Target		$275.00 ➝ $225.00	Medium
4/30/2019	Robert W. Baird	Boost Price Target	Outperform	$208.00 ➝ $269.00	Low
4/29/2019	KeyCorp	Initiated Coverage	Overweight ➝ Overweight	$250.00	Medium
4/29/2019	Wedbush	Reiterated Rating	Outperform ➝ Outperform	$200.00 ➝ $270.00	Low
4/24/2019	National Bank Financial	Boost Price Target	Outperform	$200.00 ➝ $250.00	Low
4/11/2019	Roth Capital	Boost Price Target	Buy	$200.00 ➝ $225.00	Medium
3/27/2019	Macquarie	Boost Price Target	Outperform	$230.00	Medium
2/14/2019	Rosenblatt Securities	Boost Price Target	Buy	$190.00 ➝ $212.00	Low
2/14/2019	SunTrust Banks	Reiterated Rating	Hold	$170.00	Medium
2/14/2019	Guggenheim	Set Price Target	Buy	$200.00	Medium
2/13/2019	Roth Capital	Boost Price Target	Buy	$180.00 ➝ $200.00	Medium
2/13/2019	Robert W. Baird	Boost Price Target	Outperform	$165.00 ➝ $188.00	Medium
2/13/2019	National Bank Financial	Boost Price Target	Outperform	$180.00 ➝ $200.00	Low
2/13/2019	Mackie	Boost Price Target	Buy	$170.00 ➝ $210.00	Low
2/13/2019	Morgan Stanley	Boost Price Target	Equal Weight ➝ Equal Weight	$158.00 ➝ $173.00	Low
2/13/2019	Raymond James	Boost Price Target	Outperform	$155.00 ➝ $180.00	Low
2/13/2019	KeyCorp	Boost Price Target	Overweight ➝ Overweight	$182.00 ➝ $197.00	Low
2/13/2019	Wells Fargo & Company	Boost Price Target	Outperform ➝ Outperform	$175.00 ➝ $195.00	Low
2/13/2019	DA Davidson	Boost Price Target	Buy ➝ Buy	$150.00 ➝ $210.00	High
2/13/2019	Royal Bank of Canada	Upgrade	Sector Perform ➝ Outperform	$180.00 ➝ $230.00	High
2/12/2019	Canaccord Genuity	Boost Price Target	Buy ➝ Buy	$165.00 ➝ $190.00	Medium
2/11/2019	Royal Bank of Canada	Boost Price Target	Outperform ➝ Sector Perform	$159.00 ➝ $180.00	High
2/11/2019	Wedbush	Boost Price Target	Outperform ➝ Outperform	$177.00 ➝ $200.00	High
1/28/2019	Wedbush	Reiterated Rating	Outperform	$177.00	Low
12/21/2018	DA Davidson	Upgrade	Neutral ➝ Buy	$150.00	High
12/18/2018	Wells Fargo & Company	Initiated Coverage	Outperform ➝ Outperform	$175.00	Medium
10/27/2018	Royal Bank of Canada	Boost Price Target	Sector Perform	$157.00 ➝ $159.00	High
10/26/2018	Macquarie	Set Price Target	Buy	$185.00	High
10/26/2018	Rosenblatt Securities	Set Price Target	Buy	$190.00	Low
10/1/2018	Jefferies Financial Group	Initiated Coverage	Hold	$175.00	High
9/13/2018	Wedbush	Initiated Coverage	Outperform ➝ Outperform	$177.00	Low
9/4/2018	Rosenblatt Securities	Initiated Coverage	Buy ➝ Buy	$188.00	Low
8/7/2018	Guggenheim	Initiated Coverage	Buy	$180.00	Low
8/1/2018	Roth Capital	Lower Price Target	Buy	$192.00 ➝ $180.00	High
8/1/2018	Morgan Stanley	Boost Price Target	Equal Weight ➝ Hold	$140.00 ➝ $151.00	Low
8/1/2018	Barclays	Lower Price Target	Equal Weight ➝ Equal Weight	$155.00 ➝ $145.00	Low
7/31/2018	Piper Jaffray Companies	Downgrade	Overweight ➝ Neutral	$145.00	Medium
7/31/2018	Robert W. Baird	Boost Price Target	Outperform	$150.00 ➝ $165.00	Medium
7/31/2018	Canaccord Genuity	Boost Price Target	Buy	$160.00 ➝ $165.00	High
7/26/2018	Royal Bank of Canada	Boost Price Target	Sector Perform	$126.00 ➝ $157.00	Low
7/24/2018	Roth Capital	Boost Price Target	Buy ➝ Buy	$165.00 ➝ $192.00	High
7/23/2018	National Bank Financial	Boost Price Target	$173.26	$160.00 ➝ $180.00	Low
7/23/2018	Barclays	Boost Price Target	Equal Weight ➝ Equal Weight	$125.00 ➝ $155.00	Low
6/19/2018	KeyCorp	Reiterated Rating	Overweight ➝ Overweight	$170.00 ➝ $182.00	Low
5/22/2018	Morgan Stanley	Set Price Target	Hold	$140.00	Low
5/11/2018	Roth Capital	Boost Price Target	Buy	$152.00 ➝ $165.00	Low
5/10/2018	DA Davidson	Boost Price Target	Neutral	$130.00	Low
5/9/2018	Canaccord Genuity	Boost Price Target	Buy ➝ Buy	$155.00 ➝ $160.00	Low
5/2/2018	Mackie	Set Price Target	Buy	$170.00	High
5/2/2018	Royal Bank of Canada	Boost Price Target	Sector Perform	$120.00 ➝ $126.00	Low
5/2/2018	Barclays	Boost Price Target	Equal Weight ➝ Equal Weight	$120.00 ➝ $125.00	Medium
3/22/2018	KeyCorp	Boost Price Target	Overweight ➝ Overweight	$150.00 ➝ $170.00	High
3/1/2018	National Bank Financial	Set Price Target	Outperform	$160.00	Low
2/22/2018	Macquarie	Reiterated Rating	Outperform ➝ Outperform	$155.00 ➝ $150.00	Low
2/20/2018	DA Davidson	Boost Price Target	Neutral	$120.00	High
2/16/2018	National Bank Financial	Boost Price Target	Outperform	$150.00 ➝ $160.00	Low
2/16/2018	KeyCorp	Boost Price Target	Overweight ➝ Overweight	$140.00 ➝ $150.00	Low
2/16/2018	Morgan Stanley	Boost Price Target	Equal Weight ➝ Equal Weight	$120.00 ➝ $140.00	Low
2/16/2018	Robert W. Baird	Boost Price Target	Outperform	$110.00 ➝ $158.00	Low
2/16/2018	Royal Bank of Canada	Boost Price Target	Sector Perform	$103.00 ➝ $120.00	Low
2/16/2018	Piper Jaffray Companies	Boost Price Target	Overweight	$110.00 ➝ $115.00	Low
2/16/2018	Canaccord Genuity	Reiterated Rating	Buy	$115.00 ➝ $155.00	Low
2/15/2018	William Blair	Reiterated Rating	Market Perform		High
2/15/2018	Monness Crespi & Hardt	Reiterated Rating	Buy ➝ Buy	$125.00 ➝ $150.00	Medium
2/13/2018	Roth Capital	Reiterated Rating	Buy ➝ Buy	$127.00 ➝ $144.00	Medium
2/12/2018	Wedbush	Reiterated Rating	Outperform ➝ Outperform	$120.00 ➝ $140.00	High
2/8/2018	DA Davidson	Boost Price Target	Neutral	$110.00	Medium
1/30/2018	National Bank Financial	Boost Price Target	Outperform	$120.00 ➝ $150.00	Low
1/30/2018	Morgan Stanley	Boost Price Target	Equal Weight ➝ Equal Weight	$116.00 ➝ $120.00	Low
11/27/2017	KeyCorp	Reiterated Rating	Overweight	$116.00 ➝ $140.00	Medium
11/21/2017	Roth Capital	Boost Price Target	Buy	$119.00 ➝ $127.00	N/A
11/5/2017	Barclays	Reiterated Rating	Hold ➝ Neutral		N/A
11/2/2017	Wedbush	Reiterated Rating	Outperform	$120.00	N/A
11/1/2017	Royal Bank of Canada	Boost Price Target	Sector Perform	$99.00 ➝ $132.50	N/A
11/1/2017	Barclays	Boost Price Target	Equal Weight	$90.00 ➝ $95.00	N/A
11/1/2017	Piper Jaffray Companies	Reiterated Rating	Buy	$110.00	N/A
11/1/2017	KeyCorp	Reiterated Rating	Buy	$116.00	N/A
11/1/2017	Roth Capital	Boost Price Target	Buy ➝ Buy	$117.00 ➝ $119.00	N/A
10/31/2017	Piper Jaffray Companies	Boost Price Target		$110.00 ➝ $120.00	N/A
10/31/2017	Oppenheimer	Reiterated Rating	Hold		N/A
10/27/2017	Monness Crespi & Hardt	Upgrade	Neutral ➝ Buy	$125.00	N/A
10/11/2017	KeyCorp	Set Price Target	Buy	$116.00	N/A
10/10/2017	Royal Bank of Canada	Reiterated Rating	Hold	$99.00	N/A
10/6/2017	Piper Jaffray Companies	Reiterated Rating	Buy	$110.00	N/A
10/6/2017	Morgan Stanley	Reiterated Rating	Equal Weight	$109.00	N/A
10/5/2017	Robert W. Baird	Reiterated Rating	Outperform	$110.00	N/A
9/29/2017	Robert W. Baird	Reiterated Rating	Buy	$110.00	Low
9/20/2017	Macquarie	Boost Price Target	Outperform	$121.00 ➝ $146.00	Medium
9/8/2017	KeyCorp	Reiterated Rating	Buy	$116.00	Low
9/6/2017	DA Davidson	Initiated Coverage	Neutral ➝ Neutral	$95.00	High
9/5/2017	Piper Jaffray Companies	Reiterated Rating	Buy	$110.00	Low
8/24/2017	Ifs Securities	Initiated Coverage	Outperform	$115.00	Medium
8/9/2017	Oppenheimer	Reiterated Rating	Hold		High
8/8/2017	Royal Bank of Canada	Reiterated Rating	Sector Perform	$78.00 ➝ $99.00	Medium
8/8/2017	Wedbush	Reiterated Rating	Outperform	$100.00 ➝ $115.00	Medium
8/2/2017	Barclays	Reiterated Rating	Equal Weight	$70.00 ➝ $90.00	Low
8/2/2017	Wedbush	Reiterated Rating	Ourperform		Medium
8/2/2017	Wedbush	Boost Price Target	Outperform ➝ Outperform	$100.00 ➝ $115.00	Medium
8/2/2017	Roth Capital	Set Price Target	Buy	$117.00	High
8/2/2017	KeyCorp	Reiterated Rating	Overweight		High
8/2/2017	Canaccord Genuity	Reiterated Rating	Buy	$90.00 ➝ $115.00	High
8/2/2017	Robert W. Baird	Boost Price Target	Outperform	$95.00 ➝ $110.00	High
8/2/2017	Royal Bank of Canada	Boost Price Target	Sector Perform ➝ Sector Perform	$78.00 ➝ $99.00	High
8/1/2017	Oppenheimer	Reiterated Rating	Hold		High
8/1/2017	Piper Jaffray Companies	Reiterated Rating	Overweight ➝ Overweight	$85.00 ➝ $110.00	High
7/26/2017	Roth Capital	Boost Price Target	Buy	$92.00 ➝ $101.00	High
7/18/2017	Robert W. Baird	Reiterated Rating	Outperform	$95.00	Medium
7/13/2017	William Blair	Reiterated Rating	Market Perform		Low
7/12/2017	Benchmark	Initiated Coverage	Hold ➝ Hold		High
7/3/2017	Robert W. Baird	Reiterated Rating	Outperform		Low
6/26/2017	SunTrust Banks	Initiated Coverage	Hold	$90.00	High
6/23/2017	Stephens	Reiterated Rating	Equal Weight	$97.00	High
6/13/2017	The Goldman Sachs Group	Downgrade	Buy ➝ Neutral	$100.80 ➝ $96.00	Low
5/26/2017	Industrial Alliance Securities	Boost Price Target	Buy	$87.00 ➝ $134.00	Low
5/23/2017	CSFB	Reiterated Rating	Outperform	$128.00	Low
5/23/2017	Credit Suisse Group	Reiterated Rating	Outperform ➝ Outperform	$95.00	Low
5/22/2017	Robert W. Baird	Reiterated Rating	Outperform	$95.00	Low
5/15/2017	Robert W. Baird	Reiterated Rating	Outperform	$95.00	Low
5/15/2017	Roth Capital	Boost Price Target	Buy	$82.00 ➝ $92.00	High
5/9/2017	Credit Suisse Group	Boost Price Target	Outperform	$90.00 ➝ $95.00	High
5/5/2017	Roth Capital	Reiterated Rating	Buy	$82.00 ➝ $92.00	Medium
5/3/2017	Royal Bank of Canada	Boost Price Target	Sector Perform	$77.00 ➝ $78.00	Low
5/3/2017	Wedbush	Boost Price Target	Outperform	$85.00 ➝ $95.00	Low
5/3/2017	Morgan Stanley	Boost Price Target	Equal Weight	$80.00 ➝ $87.00	Low
5/3/2017	Barclays	Boost Price Target	Equal Weight	$64.00 ➝ $70.00	Low
5/3/2017	Eight Capital	Upgrade	Neutral ➝ Buy		Low
5/3/2017	Maxim Group	Reiterated Rating	Hold		Low
5/3/2017	Bank of America	Downgrade	Neutral ➝ Underperform	$62.00 ➝ $84.00	Medium
5/2/2017	Canaccord Genuity	Reiterated Rating	Buy	$68.00 ➝ $90.00	High
5/1/2017	Monness Crespi & Hardt	Downgrade	Buy ➝ Neutral		High
4/27/2017	BTIG Research	Downgrade	Buy ➝ Neutral		Low
4/26/2017	Raymond James	Downgrade	Outperform ➝ Sector Perform	$104.50	Medium
4/26/2017	Royal Bank of Canada	Downgrade	Outperform ➝ Sector Perform	$77.00	High
4/25/2017	Maxim Group	Reiterated Rating	Hold		High
4/25/2017	Roth Capital	Set Price Target	Buy	$82.00	High
4/23/2017	Mackie	Reiterated Rating	Buy	$70.00 ➝ $95.00	Medium
4/21/2017	Wedbush	Reiterated Rating	Outperform ➝ Outperform	$75.00 ➝ $85.00	Low
3/28/2017	Barclays	Initiated Coverage	Equal Weight	$64.00	Low
3/21/2017	BTIG Research	Reiterated Rating	Buy	$65.00 ➝ $75.00	High
3/21/2017	Pacific Crest	Boost Price Target	Overweight	$66.00 ➝ $78.00	High
3/2/2017	National Bank Financial	Reiterated Rating	Outperform	$80.00	N/A
2/24/2017	Canaccord Genuity	Reiterated Rating	Buy	$68.00	N/A
2/16/2017	Canaccord Genuity	Reiterated Rating	Buy	$52.00 ➝ $68.00	N/A
2/16/2017	Summit Redstone	Boost Price Target	Buy	$48.00 ➝ $69.00	N/A
2/16/2017	Susquehanna Bancshares	Boost Price Target	Buy	$48.00 ➝ $69.00	N/A
2/16/2017	Summit Research	Boost Price Target	Buy	$48.00 ➝ $69.00	N/A
2/16/2017	Mackie	Boost Price Target	Buy	$60.00 ➝ $70.00	N/A
2/16/2017	Wedbush	Boost Price Target	Outperform	$50.00 ➝ $75.00	N/A
2/15/2017	Robert W. Baird	Boost Price Target	Outperform	$48.00 ➝ $69.00	N/A
2/13/2017	BTIG Research	Reiterated Rating	Buy	$55.00 ➝ $65.00	N/A
2/13/2017	Monness Crespi & Hardt	Boost Price Target	Buy	$50.00 ➝ $63.00	N/A
2/13/2017	Royal Bank of Canada	Boost Price Target	Outperform	$52.00 ➝ $63.00	N/A
2/13/2017	Royal Bank of Canada	Reiterated Rating	Buy	$52.00 ➝ $63.00	N/A
1/12/2017	BTIG Research	Reiterated Rating	Buy	$55.00	N/A
1/12/2017	Robert W. Baird	Reiterated Rating	Outperform		N/A
1/6/2017	BTIG Research	Reiterated Rating	Buy	$55.00	N/A
1/5/2017	Rosenblatt Securities	Reiterated Rating	Buy	$50.00	N/A
12/29/2016	BTIG Research	Reiterated Rating	Buy		N/A
12/8/2016	Summit Redstone	Reiterated Rating	Hold		N/A
12/6/2016	Oppenheimer	Reiterated Rating	Outperform	$70.00	N/A
12/6/2016	BTIG Research	Reiterated Rating	Buy	$55.00	N/A
12/2/2016	Oppenheimer	Initiated Coverage	Market Perform		N/A
12/2/2016	Wedbush	Reiterated Rating	Outperform	$50.00	N/A
12/1/2016	Citigroup	Initiated Coverage	Market Perform		N/A
11/29/2016	Mackie	Initiated Coverage	Buy	$60.00	N/A
11/16/2016	BTIG Research	Initiated Coverage	Buy		N/A
11/3/2016	Credit Suisse Group	Reiterated Rating	Buy	$50.00	N/A
11/3/2016	Robert W. Baird	Boost Price Target	Outperform	$40.00 ➝ $48.00	N/A
11/2/2016	Piper Jaffray Companies	Reiterated Rating	Buy	$50.00	N/A
11/2/2016	Monness Crespi & Hardt	Boost Price Target	Buy	$48.00 ➝ $50.00	N/A
10/25/2016	Roth Capital	Set Price Target	Buy	$49.00	N/A
10/19/2016	Rosenblatt Securities	Initiated Coverage	Buy	$50.00	N/A
10/17/2016	Dundee Securities	Initiated Coverage	Neutral	$45.00	N/A
10/9/2016	KeyCorp	Reiterated Rating	Buy		N/A
10/7/2016	Pacific Crest	Reiterated Rating	Buy		N/A
10/4/2016	The Goldman Sachs Group	Initiated Coverage	Buy	$53.00	N/A
9/29/2016	CIBC	Initiated Coverage	Sector Outperform		N/A
9/28/2016	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight	$37.00 ➝ $47.00	N/A
9/14/2016	Macquarie	Set Price Target	Buy	$52.00	N/A
8/24/2016	Macquarie	Reiterated Rating	Outperform	$59.00 ➝ $67.00	N/A
8/22/2016	Pacific Crest	Reiterated Rating	Buy		N/A
8/22/2016	KeyCorp	Reiterated Rating	Buy	$40.00 ➝ $43.00	N/A
8/18/2016	Credit Suisse Group	Reiterated Rating	Outperform	$46.00	N/A
8/16/2016	Pacific Crest	Reiterated Rating	Buy	$40.00	N/A
8/12/2016	Bank of America	Initiated Coverage	Neutral	$44.00	N/A
8/4/2016	Citigroup	Reiterated Rating	Hold	$40.00	N/A
8/4/2016	Royal Bank of Canada	Reiterated Rating	Outperform	$37.00 ➝ $42.00	N/A
8/4/2016	Robert W. Baird	Reiterated Rating	Outperform	$34.00 ➝ $40.00	N/A
8/4/2016	Royal Bank of Canada	Boost Price Target	Outperform	$37.00 ➝ $42.00	N/A
8/4/2016	Canaccord Genuity	Reiterated Rating	Buy	$44.00	N/A
8/3/2016	Piper Jaffray Companies	Set Price Target	Buy	$40.00	N/A
8/3/2016	Wedbush	Reiterated Rating	Outperform	$40.00 ➝ $35.00	N/A
8/3/2016	Monness Crespi & Hardt	Boost Price Target	Buy	$35.00 ➝ $39.00	N/A
8/1/2016	Citigroup	Initiated Coverage	Neutral	$35.00	N/A
7/28/2016	Royal Bank of Canada	Reiterated Rating	Outperform	$37.00	N/A
7/27/2016	Royal Bank of Canada	Reiterated Rating	Outperform	$37.00	N/A
7/18/2016	Piper Jaffray Companies	Reiterated Rating	Buy	$32.00	N/A
6/29/2016	Monness Crespi & Hardt	Initiated Coverage	Buy	$35.00	N/A
6/29/2016	KeyCorp	Reiterated Rating	Buy	$37.00	N/A

(Data available from 6/24/2016 forward)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company's platform provides merchants to run their business in various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, and access financing. It also sells custom themes and apps, and registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

Today's Range

Now: $1,478.99

$1,473.66

$1,529.80

50 Day Range

MA: $1,221.18

$1,047.77

$1,508.44

52 Week Range

Now: $1,478.99

$839.40

$1,552.23

Volume

1,331,687 shs

Average Volume

1,407,738 shs

Market Capitalization

$183.88 billion

P/E Ratio

115.91

Dividend Yield

N/A

Beta

1.44

Frequently Asked Questions

What sell-side analysts currently cover shares of Shopify?

The following equities research analysts have issued stock ratings on Shopify in the last twelve months: Argus, Atlantic Securities, Bank of America Co., Barclays PLC, Canaccord Genuity, CIBC, Citigroup Inc., Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell, Cleveland Research, Credit Suisse Group AG, DA Davidson, Evercore ISI, Guggenheim, Jefferies Financial Group Inc., KeyCorp, Loop Capital, Mizuho, Morgan Stanley, National Bank Financial, Oppenheimer Holdings Inc., Piper Sandler, Robert W. Baird, Rosenblatt Securities, Roth Capital, Royal Bank of Canada, Stifel Nicolaus, SunTrust Banks, Inc., Susquehanna, Susquehanna Bancshares, Inc., The Goldman Sachs Group, Inc., TheStreet, Truist, Wedbush, Wells Fargo & Company, Wolfe Research, and Zacks Investment Research.
View the latest analyst ratings for SHOP.

What is the current price target for Shopify?

33 Wall Street analysts have set twelve-month price targets for Shopify in the last year. Their average twelve-month price target is $1,406.09, suggesting a possible downside of 7.3%. Rosenblatt Securities has the highest price target set, predicting SHOP will reach $1,900.00 in the next twelve months. Bank of America Co. has the lowest price target set, forecasting a price of $900.00 for Shopify in the next year.
View the latest price targets for SHOP.

What is the current consensus analyst rating for Shopify?

Shopify currently has 1 sell rating, 13 hold ratings and 19 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe SHOP will outperform the market and that investors should add to their positions of Shopify.
View the latest ratings for SHOP.

What other companies compete with Shopify?

Other companies that are similar to Shopify include Adobe, Oracle, salesforce.com, SAP, Intuit, Square, ServiceNow, Snowflake, NetEase, Activision Blizzard, Twilio, VMware, Dassault Systèmes, Autodesk and CrowdStrike.

How do I contact Shopify's investor relations team?

Shopify's physical mailing address is 150 Elgin Street 8th Floor, Ottawa A6, K2P 1L4. The software maker's listed phone number is 613-241-2828 and its investor relations email address is [email protected] The official website for Shopify is www.shopify.ca.