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Shopify - SHOP Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: C$184.75
  • Forecasted Upside: -18.49%
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
C$226.67 As of 12/4/2025 05:25 PM ET
▲ +3.54 (1.59%)

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

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Analyst Price Target for SHOP

Analyst Price Target is C$184.75
▼ -18.49% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is C$184.75, with a high forecast of C$250.00 and a low forecast of C$110.00. The average price target represents a -18.49% upside from the last price of C$226.67.

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 4 polled investment analysts is to hold stock in Shopify. This rating has held steady since August 2025, when it changed from a Moderate 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
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/12/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/10/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/9/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/9/2025
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/7/2025
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/5/2025
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/4/2025
  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/4/2025

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/5/2025TD SecuritiesBoost TargetHoldC$156.00 ➝ C$159.00
11/5/2025ATB CapitalBoost TargetC$220.00 ➝ C$250.00
8/7/2025Royal Bank Of CanadaDowngradeOutperform ➝ Sector PerformC$160.00 ➝ C$220.00
5/9/2025ATB CapitalBoost TargetOutperformC$155.00 ➝ C$160.00
5/6/2025ATB CapitalLower TargetSector PerformC$170.00 ➝ C$155.00
2/12/2025MizuhoBoost TargetHoldC$105.00 ➝ C$110.00
11/13/2024ATB CapitalDowngradeOutperform ➝ Sector PerformC$120.00 ➝ C$145.00
11/13/2024National BanksharesBoost TargetC$100.00 ➝ C$140.00
8/8/2024ATB CapitalBoost TargetC$115.00 ➝ C$120.00
2/14/2024Canaccord Genuity GroupBoost TargetBuyC$86.00 ➝ C$90.00
12/6/2023ATB CapitalDowngradeOutperform ➝ Sector PerformC$105.00
12/6/2023Royal Bank Of CanadaBoost TargetOutperformC$80.00 ➝ C$100.00
11/3/2023ATB CapitalBoost TargetOutperformC$95.00 ➝ C$105.00
8/3/2023CSFBBoost TargetNeutralC$55.00 ➝ C$62.00
8/3/2023Royal Bank Of CanadaBoost TargetOutperformC$75.00 ➝ C$80.00
8/3/2023ATB CapitalBoost TargetOutperformC$90.00 ➝ C$95.00
5/5/2022Veritas Investment ResearchReiterated RatingSell
2/7/2022Royal Bank Of CanadaLower TargetOutperformC$1,840.00
1/20/2022Deutsche Bank AktiengesellschaftLower TargetHoldC$1,650.00 ➝ C$1,400.00
11/2/2021Deutsche Bank AktiengesellschaftReiterated RatingHoldC$1,650.00
10/29/2021CIBCLower TargetOutperformC$2,168.00
10/28/2021Royal Bank Of CanadaReiterated RatingOutperformC$2,224.00
8/27/2021CIBCReiterated Rating$2,233.00
8/20/2021CIBCReiterated RatingOutperformC$2,233.00
7/30/2021ATB CapitalBoost TargetC$2,250.00 ➝ C$2,500.00
7/29/2021Royal Bank Of CanadaReiterated RatingOutperformC$2,260.00
7/23/2021Royal Bank Of CanadaBoost TargetOutperformC$2,260.00
7/22/2021National Bank FinancialBoost TargetOutperformC$2,500.00
7/22/2021National BanksharesBoost TargetOutperformC$1,569.36 ➝ C$2,000.00
7/16/2021National Bank FinancialBoost TargetOutperformC$2,500.00
6/30/2021Royal Bank Of CanadaBoost TargetOutperformC$2,103.00
4/30/2021Royal Bank Of CanadaReiterated RatingOutperformC$1,844.00
4/23/2021Royal Bank Of CanadaReiterated RatingOutperform
2/19/2021Royal Bank Of CanadaBoost TargetOutperformC$1,900.00
2/19/2021National Bank FinancialBoost TargetOutperformC$1,650.00
2/19/2021ATB CapitalBoost TargetOutperformC$1,810.00 ➝ C$2,250.00
1/7/2021ATB CapitalReiterated RatingOutperformC$1,810.00
(Data available from 12/4/2020 forward)

News Sentiment Rating

0.20 (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
  • 5 very positive mentions
  • 14 positive mentions
  • 6 negative mentions
  • 0 very negative mentions
Mentions as of
5/8/2025
  • 15 very positive mentions
  • 18 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
6/7/2025
  • 10 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
7/7/2025
  • 6 very positive mentions
  • 18 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/6/2025
  • 1 very positive mentions
  • 28 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
9/5/2025
  • 0 very positive mentions
  • 20 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/5/2025
  • 0 very positive mentions
  • 16 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
11/4/2025
  • 4 very positive mentions
  • 24 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Mentions as of
12/4/2025

Current Sentiment

  • 4 very positive mentions
  • 24 positive mentions
  • 3 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Shopify logo
Shopify is the leading global commerce company that provides essential internet infrastructure for commerce, offering trusted tools to start, scale, market, and run a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for speed, customization, reliability, and security, while delivering a better shopping experience for consumers online, in store, and everywhere in between. Shopify powers millions of businesses in more than 175 countries and is trusted by brands such as BarkBox, Vuori, BevMo, Carrier, JB Hi-Fi, Meta, ButcherBox, SKIMS, Supreme, and many more. For more information, visit www.shopify.com.
Read More

Today's Range

Now: C$226.67
Low: C$220.40
High: C$227.91

50 Day Range

MA: C$221.49
Low: C$195.40
High: C$249.71

52 Week Range

Now: C$226.67
Low: C$99.32
High: C$253.10

Volume

1,001,000 shs

Average Volume

1,942,673 shs

Market Capitalization

C$295.09 billion

P/E Ratio

166.67

Dividend Yield

N/A

Beta

2.862134

Frequently Asked Questions

What sell-side analysts currently cover shares of Shopify?

The following Wall Street sell-side analysts have issued reports on Shopify in the last twelve months: ATB Capital, Mizuho, Royal Bank Of Canada, and TD Securities.
View the latest analyst ratings for SHOP.

What is the current price target for Shopify?

0 Wall Street analysts have set twelve-month price targets for Shopify in the last year. Their average twelve-month price target is C$184.75, suggesting a possible downside of 18.5%. ATB Capital has the highest price target set, predicting SHOP will reach C$250.00 in the next twelve months. Mizuho has the lowest price target set, forecasting a price of C$110.00 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 3 hold ratings and 1 buy rating 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 Constellation Software, Saputo, Vanguard FTSE Canadian High Dividend Yield Index ETF, BlackBerry and DH. 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, ON K2P 1L4, Canada. The company's listed phone number is +1-613-2412828. The official website for Shopify is www.shopify.com. Learn More about contacing Shopify investor relations.