• Consensus Rating: Hold
  • Consensus Price Target: $72.18
  • Forecasted Upside: 161.22 %
  • Number of Analysts: 37
  • Breakdown:
  • 1 Sell Ratings
  • 17 Hold Ratings
  • 19 Buy Ratings
  • 0 Strong Buy Ratings
$27.63
▲ +0.69 (2.56%)

This chart shows the closing price for SHOP by one month, three months, or twelve months.

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1 month | 3 months | 12 months
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Analyst Price Target for SHOP

Analyst Price Target is $72.18
▲ +161.22% Upside Potential
This price target is based on 37 analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is $72.18, with a high forecast of $200.00 and a low forecast of $32.00. The average price target represents a 161.22% upside from the last price of $27.63.

This chart shows the closing price for SHOP for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 37 investment analysts is to hold stock in Shopify. This rating has held steady since August 2022, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 16 buy ratings
  • 13 hold ratings
  • 1 sell ratings
4/11/2021
  • 0 strong buy ratings
  • 14 buy ratings
  • 13 hold ratings
  • 1 sell ratings
7/10/2021
  • 0 strong buy ratings
  • 16 buy ratings
  • 11 hold ratings
  • 0 sell ratings
10/8/2021
  • 0 strong buy ratings
  • 16 buy ratings
  • 13 hold ratings
  • 0 sell ratings
1/6/2022
  • 0 strong buy ratings
  • 20 buy ratings
  • 15 hold ratings
  • 0 sell ratings
4/6/2022
  • 0 strong buy ratings
  • 20 buy ratings
  • 17 hold ratings
  • 1 sell ratings
7/5/2022
  • 0 strong buy ratings
  • 19 buy ratings
  • 17 hold ratings
  • 1 sell ratings
9/3/2022
  • 0 strong buy ratings
  • 19 buy ratings
  • 17 hold ratings
  • 1 sell ratings
10/3/2022

Latest Recommendations

  • 0 strong buy ratings
  • 19 buy ratings
  • 17 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
9/20/2022Morgan StanleyLower TargetEqual Weight$44.00 ➝ $40.00Low
9/8/2022Wells Fargo & CompanyLower TargetOverweight$43.00 ➝ $38.00Low
8/11/2022Atlantic SecuritiesUpgradeNeutral ➝ Overweight$46.00Low
8/10/2022DZ BankDowngradeBuy ➝ HoldLow
8/5/2022KGI SecuritiesDowngradeOutperform ➝ NeutralLow
7/28/2022TD SecuritiesLower TargetHold$40.00 ➝ $39.00Low
7/28/2022Sumitomo Mitsui Financial GroupLower TargetOutperform$53.00 ➝ $40.00Low
7/28/2022Wells Fargo & CompanyBoost TargetOverweight$40.00 ➝ $43.00Low
7/28/2022Canaccord Genuity GroupLower Target$45.00 ➝ $40.00Low
7/28/2022Credit Suisse GroupLower TargetNeutral$41.00 ➝ $34.00Low
7/28/2022Piper SandlerDowngradeOverweight ➝ Neutral$38.00 ➝ $32.00Low
7/27/2022Jefferies Financial GroupLower Target$47.50 ➝ $40.00Low
7/27/2022OppenheimerReiterated RatingOutperform$50.00 ➝ $45.00Low
7/26/2022CitigroupLower Target$43.20 ➝ $37.00Low
7/22/2022Credit Suisse GroupLower Target$41.00Low
7/18/2022Wells Fargo & CompanyLower TargetOverweight$55.00 ➝ $40.00Low
7/18/2022Piper SandlerLower TargetOverweight$60.00 ➝ $38.00Low
7/15/2022Stifel NicolausLower Target$65.00 ➝ $55.00Low
7/7/2022KeyCorpLower TargetOverweight$65.00 ➝ $50.00N/A
7/7/2022OppenheimerLower TargetOutperform$50.00N/A
7/5/2022Truist FinancialLower TargetHold$35.00N/A
7/5/2022JMP SecuritiesInitiated CoverageMarket PerformN/A
6/30/2022National BanksharesSet TargetOutperform$75.00Low
6/29/2022Stifel NicolausLower TargetBuy ➝ Buy$650.00 ➝ $65.00N/A
6/29/2022Morgan StanleyLower TargetEqual Weight$45.00N/A
6/24/2022Morgan StanleyInitiated CoverageEqual WeightLow
6/23/2022BenchmarkUpgradeHoldLow
5/23/2022Jefferies Financial GroupLower Target$55.00 ➝ $47.50High
5/9/2022WedbushLower Target$63.00 ➝ $53.80High
5/6/2022National BanksharesLower TargetOutperform$100.00 ➝ $75.00N/A
5/6/2022Royal Bank of CanadaLower TargetOutperform$100.00 ➝ $80.00N/A
5/6/2022TD SecuritiesLower TargetHold$84.00 ➝ $50.00N/A
5/6/2022Robert W. BairdLower Target$100.00 ➝ $63.00N/A
5/6/2022MizuhoLower Target$80.00 ➝ $40.00N/A
5/6/2022CitigroupLower Target$53.40 ➝ $43.20N/A
5/5/2022Jefferies Financial GroupLower Target$135.00 ➝ $55.00Low
5/5/2022OppenheimerLower Target$96.00 ➝ $50.00Low
5/5/2022Veritas Investment ResearchDowngradeBuy ➝ SellHigh
5/3/2022Loop CapitalLower Target$66.00 ➝ $46.00Low
5/3/2022WedbushLower Target$93.70 ➝ $63.00High
5/2/2022Deutsche Bank AktiengesellschaftLower Target$90.00 ➝ $55.00High
5/2/2022KeyCorpLower Target$100.00 ➝ $65.00High
4/25/2022Royal Bank of CanadaLower TargetOutperform$130.00 ➝ $100.00Medium
4/25/2022Stifel NicolausLower Target$100.00 ➝ $80.00Medium
4/21/2022Roth CapitalLower Target$85.00 ➝ $62.50High
4/19/2022Piper SandlerLower TargetOverweight$90.00 ➝ $80.00High
4/13/2022BenchmarkInitiated CoverageHoldHigh
4/4/2022Wells Fargo & CompanyInitiated CoverageOverweight$83.40High
2/17/2022National Bank FinancialLower TargetOutperform$200.00 ➝ $150.00Low
2/17/2022DA DavidsonLower Target$140.00 ➝ $80.00High
2/17/2022National BanksharesLower TargetOutperform$200.00 ➝ $150.00High
2/17/2022Loop CapitalLower TargetHold$130.00 ➝ $80.00High
2/17/2022Evercore ISILower TargetOutperform$177.00 ➝ $100.00High
2/17/2022Wolfe ResearchLower TargetOutperform$150.00 ➝ $110.00High
2/17/2022The Goldman Sachs GroupLower TargetNeutral$157.00 ➝ $83.30High
2/17/2022Canaccord Genuity GroupLower TargetHold$145.00 ➝ $80.00High
2/17/2022TD SecuritiesLower TargetHold$150.00 ➝ $84.00High
2/17/2022Morgan StanleyLower TargetEqual Weight$115.00 ➝ $107.50High
2/17/2022Canaccord Genuity GroupLower Target$145.00 ➝ $80.00High
2/17/2022Deutsche Bank AktiengesellschaftLower TargetHold$140.00 ➝ $90.00High
2/17/2022Robert W. BairdLower TargetOutperform$165.00 ➝ $100.00High
2/17/2022WedbushLower TargetOutperform$127.00 ➝ $93.70High
2/17/2022Credit Suisse GroupLower TargetNeutral$130.00 ➝ $85.00High
2/17/2022CitigroupLower TargetNeutral$97.80 ➝ $88.20High
2/17/2022Roth CapitalDowngradeBuy ➝ Neutral$140.00 ➝ $85.00High
2/17/2022Royal Bank of CanadaLower TargetOutperform$145.00 ➝ $130.00High
2/17/2022MizuhoLower TargetNeutral$90.00 ➝ $80.00High
2/16/2022OppenheimerLower TargetOutperform$135.00 ➝ $96.00High
2/16/2022Piper SandlerLower TargetOverweight$140.00 ➝ $90.00High
2/16/2022Jefferies Financial GroupLower TargetBuy$180.00 ➝ $135.00High
2/16/2022Stifel NicolausLower TargetBuy$130.00 ➝ $100.00High
2/15/2022KeyCorpLower TargetOverweight$125.00 ➝ $115.00Medium
2/11/2022CitigroupLower TargetNeutral$157.00 ➝ $97.80Medium
2/10/2022WedbushLower TargetOutperform$129.60 ➝ $127.00Medium
2/9/2022Morgan StanleyLower TargetEqual Weight$150.00 ➝ $115.00Low
2/7/2022Royal Bank of CanadaLower TargetOutperform$180.00 ➝ $145.00Medium
2/1/2022BarclaysLower TargetEqual Weight$180.00 ➝ $120.00Low
1/28/2022MizuhoLower Target$140.00 ➝ $90.00High
1/27/2022Atb Cap MarketsReiterated RatingOutperformHigh
1/27/2022Sumitomo Mitsui Financial GroupInitiated CoverageOutperform$120.00Medium
1/25/2022KeyCorpLower TargetOverweight$175.00 ➝ $125.00High
1/24/2022WedbushLower Target$150.00 ➝ $129.60High
1/20/2022Roth CapitalLower Target$165.00 ➝ $140.00Medium
1/20/2022Deutsche Bank AktiengesellschaftLower TargetHold$165.00 ➝ $140.00Low
1/13/2022Loop CapitalLower Target$160.00 ➝ $130.00High
1/12/2022Stifel NicolausLower Target$155.00 ➝ $130.00Medium
1/12/2022William BlairUpgradeMarket Perform ➝ OutperformLow
1/11/2022Atlantic SecuritiesDowngradeOverweight ➝ NeutralHigh
1/10/2022Piper SandlerLower Target$165.00 ➝ $140.00Low
12/28/2021Roth CapitalLower TargetBuy$180.00 ➝ $165.00Low
12/16/2021Evercore ISIUpgradeIn-Line ➝ Outperform$177.00High
12/13/2021The Goldman Sachs GroupInitiated CoverageNeutral$157.00High
11/29/2021Jefferies Financial GroupReiterated RatingBuy$180.00Low
11/29/2021Rosenblatt SecuritiesReiterated RatingBuy$200.00Medium
11/15/2021Loop CapitalDowngradeBuy ➝ Hold$160.00Low
11/1/2021Deutsche Bank AktiengesellschaftInitiated CoverageHold$165.00Medium
10/31/2021Evercore ISIReiterated RatingNeutral ➝ HoldHigh
10/29/2021Susquehanna BancsharesLower TargetPositive$180.00 ➝ $170.00Medium
10/29/2021SusquehannaLower TargetPositive$180.00 ➝ $170.00Medium
10/29/2021MizuhoLower TargetNeutral$150.00 ➝ $140.00Medium
10/28/2021Stifel NicolausLower TargetBuy$165.00 ➝ $155.00Low
10/14/2021TD SecuritiesInitiated CoverageHoldLow
8/27/2021GuggenheimReiterated RatingHoldLow
7/29/2021DA DavidsonBoost TargetNeutral$127.50 ➝ $145.00Low
7/29/2021WedbushBoost TargetOutperform$165.00 ➝ $180.00Low
7/29/2021Roth CapitalBoost TargetBuy$175.00 ➝ $180.00Low
7/29/2021Robert W. BairdBoost TargetOutperform$155.00 ➝ $170.00Medium
7/29/2021Wolfe ResearchBoost TargetOutperform$150.00 ➝ $198.00Low
7/29/2021ArgusBoost TargetBuy$165.00 ➝ $185.00Low
7/29/2021Rosenblatt SecuritiesBoost TargetBuy$190.00 ➝ $200.00Low
7/29/2021MizuhoBoost TargetNeutral$130.00 ➝ $150.00Medium
7/29/2021Morgan StanleyBoost TargetEqual Weight$140.00 ➝ $150.00Low
7/29/2021Credit Suisse GroupBoost TargetNeutral$140.00 ➝ $170.00Low
7/28/2021Jefferies Financial GroupBoost TargetBuy$167.50 ➝ $180.00Low
7/28/2021OppenheimerBoost TargetOutperform$150.00 ➝ $170.00Low
7/28/2021Stifel NicolausBoost TargetBuy$160.00 ➝ $165.00Low
7/28/2021KeyCorpBoost TargetOverweight$165.00 ➝ $175.00High
7/23/2021Royal Bank of CanadaBoost TargetOutperform$170.00 ➝ $180.00Medium
7/22/2021Susquehanna BancsharesBoost TargetPositive$150.00 ➝ $180.00Medium
7/22/2021Roth CapitalBoost TargetBuy$153.00 ➝ $175.00Medium
7/22/2021Stifel NicolausBoost TargetBuy$140.00 ➝ $160.00Medium
7/22/2021SusquehannaBoost TargetPositive$150.00 ➝ $180.00Medium
7/18/2021GuggenheimSet TargetHold$144.26High
7/16/2021National BanksharesBoost TargetOutperform$165.00 ➝ $200.00Low
6/30/2021Royal Bank of CanadaBoost TargetOutperform$150.00 ➝ $170.00Low
6/30/2021Loop CapitalBoost TargetBuy$140.00 ➝ $160.00Low
6/30/2021GuggenheimReiterated RatingHoldMedium
6/28/2021BarclaysBoost TargetEqual Weight$134.00 ➝ $170.00Low
5/11/2021Loop CapitalUpgradeHold ➝ Buy$140.00High
4/29/2021CitigroupBoost Target$131.50 ➝ $142.00High
4/29/2021Susquehanna BancsharesUpgradePositive$150.00Low
4/29/2021Credit Suisse GroupBoost TargetNeutral$135.00 ➝ $140.00High
4/29/2021Morgan StanleyBoost TargetEqual Weight$130.00 ➝ $140.00High
4/29/2021Roth CapitalUpgradeNeutral ➝ Buy$132.50 ➝ $153.00High
4/29/2021SusquehannaUpgradeNeutral ➝ Positive$150.00High
4/28/2021Piper SandlerBoost TargetOverweight$150.00 ➝ $160.00Medium
4/26/2021CIBCLower TargetNeutral$164.45 ➝ $132.50Medium
4/23/2021Robert W. BairdLower Target$160.00 ➝ $155.00Low
4/22/2021GuggenheimReiterated RatingHoldHigh
4/21/2021CitigroupBoost Target$131.50 ➝ $147.50Low
4/13/2021Evercore ISIInitiated CoverageIn-Line$136.00Low
4/5/2021Evercore ISIInitiated CoverageIn-Line$136.00Low
4/5/2021Credit Suisse GroupReiterated RatingNeutral$135.00Low
3/31/2021Wolfe ResearchInitiated CoverageOutperform$136.00Medium
3/31/2021Stifel NicolausInitiated CoverageBuy$120.00Medium
2/25/2021Wells Fargo & CompanyBoost TargetEqual Weight$100.00 ➝ $155.00High
2/19/2021National Bank FinancialBoost TargetOutperform$140.00 ➝ $165.00Low
2/19/2021MizuhoBoost TargetNeutral$105.00 ➝ $130.00Medium
2/18/2021Royal Bank of CanadaBoost TargetOutperform$129.00 ➝ $150.00Low
2/18/2021Truist FinancialBoost Target$110.00 ➝ $147.50Low
2/18/2021Wells Fargo & CompanyBoost Target$100.00 ➝ $155.00Low
2/18/2021Rosenblatt SecuritiesBoost TargetBuy$140.00 ➝ $190.00Low
2/18/2021DA DavidsonBoost TargetNeutral$100.00 ➝ $127.50Low
2/18/2021Credit Suisse GroupBoost TargetNeutral$110.00 ➝ $135.00Low
2/18/2021Roth CapitalBoost TargetNeutral$122.50 ➝ $132.50Low
2/18/2021Morgan StanleyBoost TargetEqual Weight$110.00 ➝ $130.00Medium
2/18/2021BarclaysBoost TargetEqual Weight$106.00 ➝ $130.00Low
2/18/2021The Goldman Sachs GroupBoost TargetBuy$132.30 ➝ $168.00Medium
2/18/2021OppenheimerBoost TargetOutperform$130.00 ➝ $150.00Medium
2/17/2021KeyCorpBoost TargetOverweight$135.00 ➝ $165.00Medium
2/12/2021WedbushBoost TargetOutperform$130.00 ➝ $165.00Low
2/7/2021The Goldman Sachs GroupInitiated CoverageNeutralHigh
1/15/2021Roth CapitalReiterated RatingNeutral$100.00 ➝ $122.50Low
1/14/2021OppenheimerUpgradeMarket Perform ➝ OutperformHigh
1/11/2021KeyCorpBoost TargetOverweight$125.00 ➝ $130.00Low
12/2/2020Susquehanna BancsharesInitiated CoverageNeutral$95.00Medium
11/19/2020Jefferies Financial GroupUpgradeHold ➝ Buy$115.00 ➝ $125.00High
10/30/2020Robert W. BairdBoost Target$120.00 ➝ $125.00Low
10/30/2020Morgan StanleyBoost TargetEqual Weight$97.00 ➝ $105.00High
10/29/2020The Goldman Sachs GroupBoost TargetBuy$131.80 ➝ $132.30High
10/14/2020Roth CapitalBoost TargetNeutral$85.00 ➝ $100.00Medium
10/6/2020KeyCorpBoost TargetOverweight$115.00 ➝ $125.00Medium
10/5/2020Morgan StanleyInitiated CoverageEqual Weight$97.00Medium
10/1/2020Royal Bank of CanadaReiterated RatingBuy$125.00Medium
9/30/2020WedbushUpgradeNeutral ➝ Outperform$99.80 ➝ $130.00Medium
9/21/2020Loop CapitalLower TargetHold$110.00 ➝ $100.00High
9/21/2020The Goldman Sachs GroupBoost TargetBuy$128.60 ➝ $131.80High
9/18/2020WedbushReiterated RatingHoldMedium
9/4/2020MizuhoReiterated RatingNeutral$105.00Low
8/26/2020Atlantic SecuritiesInitiated CoverageOverweight$115.00High
7/30/2020Roth CapitalBoost Target$80.00 ➝ $85.00Medium
7/30/2020Robert W. BairdBoost Target$110.00 ➝ $120.00Medium
7/30/2020CitigroupBoost TargetNeutral$99.80 ➝ $120.00Low
7/30/2020WedbushBoost TargetNeutral$86.00 ➝ $99.80Low
7/30/2020DA DavidsonBoost TargetNeutral$65.00 ➝ $100.00Low
7/30/2020Royal Bank of CanadaBoost TargetOutperform$100.00 ➝ $125.00Low
7/30/2020Rosenblatt SecuritiesReiterated RatingBuy$86.00 ➝ $140.00Low
7/30/2020SunTrust BanksBoost TargetNeutral ➝ Hold$70.00 ➝ $110.00Low
7/30/2020BarclaysBoost TargetEqual Weight$96.00 ➝ $104.00Low
7/30/2020MizuhoBoost TargetNeutral$82.50 ➝ $105.00Low
7/30/2020KeyCorpBoost TargetOverweight$112.50 ➝ $115.00Low
7/30/2020Wells Fargo & CompanyBoost TargetHold$70.00 ➝ $100.00Low
7/29/2020Bank of AmericaReiterated RatingSell$90.00Low
7/29/2020Piper SandlerBoost TargetOverweight$101.50 ➝ $130.00High
7/28/2020Jefferies Financial GroupReiterated RatingHold$72.50 ➝ $72.50Medium
7/28/2020The Goldman Sachs GroupUpgradeNeutral ➝ Buy$112.70Medium
7/24/2020GuggenheimReiterated RatingHoldHigh
7/23/2020Credit Suisse GroupBoost TargetNeutral$70.00 ➝ $85.00High
7/23/2020Piper SandlerBoost TargetOverweight$84.30 ➝ $101.50High
7/22/2020WedbushBoost Target$85.00 ➝ $86.00Low
7/22/2020KeyCorpReiterated RatingOverweight$100.00 ➝ $112.50Low
7/21/2020Roth CapitalBoost TargetNeutral$75.00 ➝ $80.00High
7/16/2020BarclaysBoost TargetEqual Weight$72.50 ➝ $96.00Medium
7/16/2020CitigroupInitiated CoverageNeutral$99.80Medium
7/14/2020National Bank FinancialBoost TargetOutperform$85.00 ➝ $125.00Medium
7/2/2020Robert W. BairdReiterated RatingOutperform$82.00 ➝ $82.00Medium
7/1/2020ArgusInitiated CoverageBuy$105.00High
6/29/2020The Goldman Sachs GroupBoost TargetNeutral$78.60 ➝ $112.70Low
6/24/2020KeyCorpReiterated RatingOverweight$80.50 ➝ $100.00High
6/18/2020Royal Bank of CanadaBoost TargetOutperform$82.50 ➝ $100.00High
6/15/2020National Bank FinancialReiterated RatingBuy$85.00Low
6/15/2020Piper SandlerUpgradeNeutral ➝ Overweight$73.30 ➝ $84.30High
6/2/2020KeyCorpBoost TargetOverweight$77.50 ➝ $80.50Low
5/28/2020Rosenblatt SecuritiesReiterated RatingBuy$86.00Medium
5/21/2020DA DavidsonReiterated RatingHold$65.00Medium
5/21/2020Credit Suisse GroupReiterated RatingHold ➝ NeutralLow
5/19/2020Robert W. BairdReiterated RatingBuyMedium
5/7/2020National Bank FinancialBoost TargetOutperform$80.00 ➝ $85.00Medium
5/7/2020Bank of AmericaBoost TargetUnderperform$35.00 ➝ $50.00Low
5/7/2020Rosenblatt SecuritiesBoost TargetBuy$63.00 ➝ $86.00Medium
5/7/2020Royal Bank of CanadaBoost TargetOutperform$65.00 ➝ $82.50Low
5/7/2020Loop CapitalBoost TargetNeutral ➝ Hold$35.00 ➝ $70.00Low
5/7/2020SunTrust BanksBoost TargetHold$58.50 ➝ $70.00Low
5/7/2020Credit Suisse GroupBoost TargetNeutral$57.50 ➝ $70.00Low
5/7/2020MizuhoBoost TargetNeutral$35.00 ➝ $60.00Medium
5/7/2020DA DavidsonDowngradeBuy ➝ Neutral$40.00 ➝ $65.00Low
5/7/2020Piper SandlerBoost TargetNeutral$33.20 ➝ $73.30Low
5/7/2020BarclaysBoost TargetEqual Weight$41.00 ➝ $72.50Medium
5/7/2020Wells Fargo & CompanyDowngradeOverweight ➝ Equal Weight$50.00 ➝ $70.00Medium
5/6/2020OppenheimerInitiated CoverageHoldMedium
5/6/2020Robert W. BairdBoost TargetOutperform$47.50 ➝ $82.00Medium
5/6/2020Jefferies Financial GroupBoost TargetHold$40.00 ➝ $72.50Medium
5/6/2020Roth CapitalReiterated RatingHold$32.00 ➝ $62.50Medium
5/4/2020Pi FinancialReiterated RatingBuy$83.00High
5/4/2020KeyCorpBoost TargetOverweight$50.00 ➝ $70.00High
4/28/2020WedbushBoost TargetPositive ➝ Neutral$44.50 ➝ $55.00Low
4/24/2020National Bank FinancialBoost TargetOutperform$55.00 ➝ $70.00High
4/21/2020Rosenblatt SecuritiesReiterated RatingBuy$63.00High
4/17/2020Raymond JamesDowngradeOutperform ➝ Market PerformMedium
4/16/2020BarclaysReiterated RatingHold$41.00High
4/8/2020Wells Fargo & CompanyLower TargetOverweight$60.00 ➝ $50.00High
4/7/2020Raymond JamesDowngradeOutperform ➝ Market PerformHigh
4/6/2020DA DavidsonLower TargetBuy$67.50 ➝ $50.00High
4/2/2020National Bank FinancialLower TargetOutperform$60.00 ➝ $55.00High
4/2/2020Roth CapitalLower Target$49.00 ➝ $32.00Medium
4/2/2020Royal Bank of CanadaReiterated RatingBuyMedium
4/2/2020Raymond JamesLower TargetOutperform$60.00 ➝ $40.00High
4/2/2020MizuhoLower TargetBuy$50.00 ➝ $35.00High
4/1/2020Robert W. BairdLower Target$59.00 ➝ $47.50High
3/31/2020Piper SandlerLower TargetNeutral$54.50 ➝ $33.20Medium
3/23/2020KeyCorpLower TargetOverweight$57.50 ➝ $50.00High
3/22/2020BarclaysReiterated RatingHold$33.00High
3/20/2020Loop CapitalLower TargetHold$54.00 ➝ $35.00High
2/14/2020National Bank FinancialReiterated RatingBuy$60.00Low
2/13/2020Roth CapitalBoost Target$39.00 ➝ $49.00Low
2/13/2020CIBCReiterated RatingHold$60.00High
2/13/2020DA DavidsonReiterated RatingBuy ➝ Positive$67.50High
2/13/2020SunTrust BanksBoost TargetHold$34.00 ➝ $58.50High
2/13/2020Robert W. BairdBoost TargetOutperform$46.50 ➝ $59.00Medium
2/13/2020WedbushBoost TargetNeutral$32.50 ➝ $47.50Medium
2/13/2020Wells Fargo & CompanyBoost TargetOverweight$40.00 ➝ $60.00Medium
2/13/2020KeyCorpBoost TargetOverweight$48.50 ➝ $57.50Medium
2/13/2020Rosenblatt SecuritiesReiterated RatingBuy$48.10 ➝ $63.00Medium
2/13/2020UBS GroupReiterated RatingUnderperform$45.00Medium
2/12/2020Credit Suisse GroupDowngradeOutperform ➝ Neutral$45.00 ➝ $57.50Medium
2/12/2020Pi FinancialUpgradeNeutral ➝ BuyLow
2/12/2020Raymond JamesReiterated RatingOutperform$36.50 ➝ $60.00High
2/12/2020Royal Bank of CanadaBoost TargetOutperform$40.00 ➝ $65.00High
2/9/2020Royal Bank of CanadaReiterated RatingOutperform$40.00 ➝ $65.00High
1/28/2020National Bank FinancialBoost TargetOutperform$45.00 ➝ $50.00High
1/26/2020BarclaysReiterated RatingHold$42.00High
1/22/2020Pi FinancialDowngradeHoldMedium
1/22/2020Roth CapitalBoost TargetNeutral$33.00 ➝ $39.00High
1/22/2020CIBCReiterated RatingHold$52.50Medium
1/21/2020Robert W. BairdBoost Target$40.00 ➝ $46.50Low
1/21/2020KeyCorpBoost TargetOverweight$38.50 ➝ $48.50High
1/15/2020Loop CapitalInitiated CoverageHold$42.00Low
1/13/2020Credit Suisse GroupBoost TargetOutperform$37.00 ➝ $45.00Medium
1/9/2020MizuhoInitiated CoverageNeutral$41.00Low
1/3/2020National Bank FinancialBoost TargetOutperform$40.00 ➝ $45.00Medium
12/3/2019GuggenheimReiterated RatingHoldHigh
10/30/2019Rosenblatt SecuritiesReiterated RatingBuy$48.10Low
10/28/2019Royal Bank of CanadaReiterated RatingOutperform$40.00Low
10/25/2019GuggenheimReiterated RatingHoldLow
10/22/2019Rosenblatt SecuritiesReiterated RatingBuy$48.10High
10/8/2019CIBCSet TargetHold$35.00Low
9/11/2019Credit Suisse GroupReiterated RatingBuy$37.00High
9/10/2019Piper Jaffray CompaniesSet TargetHold$32.00Low
9/10/2019Jefferies Financial GroupSet TargetHold$30.00Low
9/10/2019William BlairReiterated RatingHoldLow
9/10/2019National Bank FinancialSet TargetBuy$40.00N/A
9/10/2019Roth CapitalSet TargetHold$32.50N/A
9/9/2019Robert W. BairdBoost TargetOutperform$37.00 ➝ $41.00High
8/27/2019Rosenblatt SecuritiesBoost TargetBuy$41.00 ➝ $48.10Medium
8/2/2019National Bank FinancialBoost TargetOutperform$35.00 ➝ $40.00Low
8/2/2019CSFBBoost TargetOutperform$27.50 ➝ $37.00Low
8/2/2019Raymond JamesBoost TargetOutperform$27.00 ➝ $36.50Low
8/2/2019Bank of AmericaBoost TargetUnderperform$18.50 ➝ $30.00Medium
8/2/2019Royal Bank of CanadaBoost TargetOutperform$40.00Medium
8/2/2019KeyCorpBoost TargetOverweight$35.00 ➝ $38.50Medium
8/2/2019Rosenblatt SecuritiesReiterated RatingBuy$41.00Medium
8/1/2019William BlairReiterated RatingMarket PerformLow
8/1/2019Robert W. BairdBoost Target$36.00 ➝ $37.00Medium
8/1/2019Piper Jaffray CompaniesBoost TargetNeutral$28.60 ➝ $32.00Medium
8/1/2019Jefferies Financial GroupBoost TargetHold$25.00 ➝ $30.00Medium
7/21/2019Roth CapitalSet TargetHold$30.00N/A
7/15/2019MackieBoost TargetBuy$28.00 ➝ $36.00Low
7/8/2019KeyCorpReiterated RatingOverweight ➝ Overweight$30.00 ➝ $35.00High
6/26/2019Jefferies Financial GroupBoost TargetHold$20.50 ➝ $25.00Low
6/25/2019WedbushDowngradeOutperform ➝ Neutral$27.00 ➝ $30.50High
6/24/2019Roth CapitalDowngradeBuy ➝ Neutral$27.50 ➝ $30.00Low
6/24/2019DA DavidsonBoost TargetBuy$29.00 ➝ $40.00High
6/21/2019Royal Bank of CanadaBoost TargetOutperform$26.50 ➝ $34.70Low
6/21/2019BarclaysBoost TargetEqual Weight$22.50 ➝ $31.00Low
6/20/2019National Bank FinancialBoost TargetOutperform$27.00 ➝ $35.00Low
6/20/2019Robert W. BairdBoost TargetOutperform$26.90 ➝ $36.00High
6/20/2019Rosenblatt SecuritiesReiterated RatingBuy ➝ Buy$29.50 ➝ $39.50High
6/20/2019UBS GroupBoost TargetBuy$29.50 ➝ $39.50High
6/20/2019Piper Jaffray CompaniesBoost TargetNeutral$21.60 ➝ $28.60Medium
6/20/2019CIBCDowngradeOutperform ➝ Neutral$26.00 ➝ $35.00Medium
6/7/2019The Goldman Sachs GroupInitiated CoverageNeutral ➝ Neutral$26.40Medium
6/6/2019KeyCorpBoost TargetOverweight$27.50 ➝ $30.00Medium
5/14/2019Morgan StanleyDowngradeEqual Weight ➝ Underweight$17.30 ➝ $20.90Medium
5/13/2019GuggenheimDowngradeBuy ➝ NeutralLow
5/1/2019National Bank FinancialBoost TargetOutperform$25.00 ➝ $27.00High
5/1/2019DA DavidsonBoost TargetBuy ➝ Buy$21.00 ➝ $29.00Medium
5/1/2019Credit Suisse GroupBoost TargetOutperform$19.00 ➝ $27.50Low
5/1/2019BarclaysBoost TargetEqual Weight ➝ Equal Weight$15.50 ➝ $22.50Low
5/1/2019Wells Fargo & CompanyBoost TargetOutperform ➝ Outperform$19.50 ➝ $27.50Medium
5/1/2019SunTrust BanksBoost TargetPositive ➝ Hold$24.50Medium
5/1/2019KeyCorpBoost TargetBuy$25.00 ➝ $27.50Medium
4/30/2019Piper Jaffray CompaniesBoost TargetNeutral$14.90 ➝ $21.60Medium
4/30/2019Roth CapitalBoost Target$27.50 ➝ $22.50Medium
4/30/2019Robert W. BairdBoost TargetOutperform$20.80 ➝ $26.90Low
4/29/2019KeyCorpInitiated CoverageOverweight ➝ Overweight$25.00Medium
4/29/2019WedbushReiterated RatingOutperform ➝ Outperform$20.00 ➝ $27.00Low
4/24/2019National Bank FinancialBoost TargetOutperform$20.00 ➝ $25.00Low
4/11/2019Roth CapitalBoost TargetBuy$20.00 ➝ $22.50Medium
3/27/2019MacquarieBoost TargetOutperform$23.00Medium
2/14/2019Rosenblatt SecuritiesBoost TargetBuy$19.00 ➝ $21.20Low
2/14/2019SunTrust BanksReiterated RatingHold$17.00Medium
2/14/2019GuggenheimSet TargetBuy$20.00Medium
2/13/2019Roth CapitalBoost TargetBuy$18.00 ➝ $20.00Medium
2/13/2019Robert W. BairdBoost TargetOutperform$16.50 ➝ $18.80Medium
2/13/2019National Bank FinancialBoost TargetOutperform$18.00 ➝ $20.00Low
2/13/2019MackieBoost TargetBuy$17.00 ➝ $21.00Low
2/13/2019Morgan StanleyBoost TargetEqual Weight ➝ Equal Weight$15.80 ➝ $17.30Low
2/13/2019Raymond JamesBoost TargetOutperform$15.50 ➝ $18.00Low
2/13/2019KeyCorpBoost TargetOverweight ➝ Overweight$18.20 ➝ $19.70Low
2/13/2019Wells Fargo & CompanyBoost TargetOutperform ➝ Outperform$17.50 ➝ $19.50Low
2/13/2019DA DavidsonBoost TargetBuy ➝ Buy$15.00 ➝ $21.00High
2/13/2019Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$18.00 ➝ $23.00High
2/11/2019Royal Bank of CanadaBoost TargetOutperform ➝ Sector Perform$15.90 ➝ $18.00High
2/11/2019WedbushBoost TargetOutperform ➝ Outperform$17.70 ➝ $20.00High
1/28/2019WedbushReiterated RatingOutperform$17.70Low
12/21/2018DA DavidsonUpgradeNeutral ➝ Buy$15.00High
12/18/2018Wells Fargo & CompanyInitiated CoverageOutperform ➝ Outperform$17.50Medium
10/27/2018Royal Bank of CanadaBoost TargetSector Perform$15.70 ➝ $15.90High
10/26/2018MacquarieSet TargetBuy$18.50High
10/26/2018Rosenblatt SecuritiesSet TargetBuy$19.00Low
10/1/2018Jefferies Financial GroupInitiated CoverageHold$17.50High
9/13/2018WedbushInitiated CoverageOutperform ➝ Outperform$17.70Low
9/4/2018Rosenblatt SecuritiesInitiated CoverageBuy ➝ Buy$18.80Low
8/7/2018GuggenheimInitiated CoverageBuy$18.00Low
8/1/2018Roth CapitalLower TargetBuy$19.20 ➝ $18.00High
8/1/2018Morgan StanleyBoost TargetEqual Weight ➝ Hold$14.00 ➝ $15.10Low
8/1/2018BarclaysLower TargetEqual Weight ➝ Equal Weight$15.50 ➝ $14.50Low
7/31/2018Piper Jaffray CompaniesDowngradeOverweight ➝ Neutral$14.50Medium
7/31/2018Robert W. BairdBoost TargetOutperform$15.00 ➝ $16.50Medium
7/26/2018Royal Bank of CanadaBoost TargetSector Perform$12.60 ➝ $15.70Low
7/24/2018Roth CapitalBoost TargetBuy ➝ Buy$16.50 ➝ $19.20High
7/23/2018National Bank FinancialBoost Target$173.26$16.00 ➝ $18.00Low
7/23/2018BarclaysBoost TargetEqual Weight ➝ Equal Weight$12.50 ➝ $15.50Low
6/19/2018KeyCorpReiterated RatingOverweight ➝ Overweight$17.00 ➝ $18.20Low
5/22/2018Morgan StanleySet TargetHold$14.00Low
5/11/2018Roth CapitalBoost TargetBuy$15.20 ➝ $16.50Low
5/10/2018DA DavidsonBoost TargetNeutral$13.00Low
5/2/2018MackieSet TargetBuy$17.00High
5/2/2018Royal Bank of CanadaBoost TargetSector Perform$12.00 ➝ $12.60Low
5/2/2018BarclaysBoost TargetEqual Weight ➝ Equal Weight$12.00 ➝ $12.50Medium
3/22/2018KeyCorpBoost TargetOverweight ➝ Overweight$15.00 ➝ $17.00High
3/1/2018National Bank FinancialSet TargetOutperform$16.00Low
2/22/2018MacquarieReiterated RatingOutperform ➝ Outperform$15.50 ➝ $15.00Low
2/20/2018DA DavidsonBoost TargetNeutral$12.00High
2/16/2018National Bank FinancialBoost TargetOutperform$15.00 ➝ $16.00Low
2/16/2018KeyCorpBoost TargetOverweight ➝ Overweight$14.00 ➝ $15.00Low
2/16/2018Morgan StanleyBoost TargetEqual Weight ➝ Equal Weight$12.00 ➝ $14.00Low
2/16/2018Robert W. BairdBoost TargetOutperform$11.00 ➝ $15.80Low
2/16/2018Royal Bank of CanadaBoost TargetSector Perform$10.30 ➝ $12.00Low
2/16/2018Piper Jaffray CompaniesBoost TargetOverweight$11.00 ➝ $11.50Low
2/15/2018William BlairReiterated RatingMarket PerformHigh
2/15/2018Monness Crespi & HardtReiterated RatingBuy ➝ Buy$12.50 ➝ $15.00Medium
2/13/2018Roth CapitalReiterated RatingBuy ➝ Buy$12.70 ➝ $14.40Medium
2/12/2018WedbushReiterated RatingOutperform ➝ Outperform$12.00 ➝ $14.00High
2/8/2018DA DavidsonBoost TargetNeutral$11.00Medium
1/30/2018National Bank FinancialBoost TargetOutperform$12.00 ➝ $15.00Low
1/30/2018Morgan StanleyBoost TargetEqual Weight ➝ Equal Weight$11.60 ➝ $12.00Low
11/27/2017KeyCorpReiterated RatingOverweight$11.60 ➝ $14.00Medium
11/21/2017Roth CapitalBoost TargetBuy$11.90 ➝ $12.70N/A
11/5/2017BarclaysReiterated RatingHold ➝ NeutralN/A
11/2/2017WedbushReiterated RatingOutperform$12.00N/A
11/1/2017Royal Bank of CanadaBoost TargetSector Perform$9.90 ➝ $13.25N/A
11/1/2017BarclaysBoost TargetEqual Weight$9.00 ➝ $9.50N/A
11/1/2017Piper Jaffray CompaniesReiterated RatingBuy$11.00N/A
11/1/2017KeyCorpReiterated RatingBuy$11.60N/A
11/1/2017Roth CapitalBoost TargetBuy ➝ Buy$11.70 ➝ $11.90N/A
10/31/2017Piper Jaffray CompaniesBoost Target$11.00 ➝ $12.00N/A
10/31/2017OppenheimerReiterated RatingHoldN/A
10/27/2017Monness Crespi & HardtUpgradeNeutral ➝ Buy$12.50N/A
10/11/2017KeyCorpSet TargetBuy$11.60N/A
10/10/2017Royal Bank of CanadaReiterated RatingHold$9.90N/A
10/6/2017Piper Jaffray CompaniesReiterated RatingBuy$11.00N/A
10/6/2017Morgan StanleyReiterated RatingEqual Weight$10.90N/A
10/5/2017Robert W. BairdReiterated RatingOutperform$11.00N/A
(Data available from 10/3/2017 forward)

News Sentiment Rating

0.37 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 18 very positive mentions
  • 30 positive mentions
  • 11 negative mentions
  • 4 very negative mentions
3/7/2022
  • 14 very positive mentions
  • 34 positive mentions
  • 8 negative mentions
  • 5 very negative mentions
4/6/2022
  • 30 very positive mentions
  • 56 positive mentions
  • 17 negative mentions
  • 6 very negative mentions
5/6/2022
  • 9 very positive mentions
  • 21 positive mentions
  • 5 negative mentions
  • 2 very negative mentions
6/5/2022
  • 19 very positive mentions
  • 24 positive mentions
  • 6 negative mentions
  • 3 very negative mentions
7/5/2022
  • 16 very positive mentions
  • 34 positive mentions
  • 14 negative mentions
  • 5 very negative mentions
8/4/2022
  • 3 very positive mentions
  • 25 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/3/2022
  • 13 very positive mentions
  • 25 positive mentions
  • 10 negative mentions
  • 3 very negative mentions
10/3/2022

Current Sentiment

  • 13 very positive mentions
  • 25 positive mentions
  • 10 negative mentions
  • 3 very negative mentions

Recent Stories by Sentiment

Shopify logo
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through 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, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. 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.
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Today's Range

Now: $27.63
Low: $26.48
High: $27.78

50 Day Range

MA: $33.92
Low: $26.77
High: $41.93

52 Week Range

Now: $27.63
Low: $26.38
High: $176.29

Volume

744,654 shs

Average Volume

33,918,852 shs

Market Capitalization

$34.79 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.82

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: Atb Cap Markets, Atlantic Securities, Barclays PLC, Benchmark Co., Canaccord Genuity Group Inc., Citigroup Inc., Credit Suisse Group AG, DA Davidson, Deutsche Bank Aktiengesellschaft, DZ Bank AG, Evercore ISI, Jefferies Financial Group Inc., JMP Securities, KeyCorp, KGI Securities, Loop Capital, Mizuho, Morgan Stanley, National Bank Financial, National Bankshares, Inc., Oppenheimer Holdings Inc., Piper Sandler, Robert W. Baird, Rosenblatt Securities, Roth Capital, Royal Bank of Canada, Stifel Nicolaus, StockNews.com, Sumitomo Mitsui Financial Group, Inc., Susquehanna, Susquehanna Bancshares, Inc., TD Securities, The Goldman Sachs Group, Inc., TheStreet, Truist Financial Co., Veritas Investment Research, Wedbush, Wells Fargo & Company, William Blair, and Wolfe Research.
View the latest analyst ratings for SHOP.

What is the current price target for Shopify?

32 Wall Street analysts have set twelve-month price targets for Shopify in the last year. Their average twelve-month price target is $72.18, suggesting a possible upside of 167.9%. Rosenblatt Securities has the highest price target set, predicting SHOP will reach $200.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $32.00 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, 17 hold ratings and 19 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in SHOP, but not buy more shares or sell existing shares.
View the latest ratings for SHOP.

What other companies compete with Shopify?

Other companies that are similar to Shopify include CrowdStrike, Autodesk, Datadog, Cadence Design Systems and VMware. Learn More about companies similar to Shopify.

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. Learn More about contacing Shopify investor relations.