Consensus Shopify Inc.

Equities

SHOP

CA82509L1076

Internet Services

Delayed Nasdaq Other stock markets 04:00:00 2026-01-16 pm EST			5-day change	1st Jan Change
155.81 ^USD	-1.38%		-5.27%	-3.21%

Jan. 14	TSX notches another record high as Iran tensions lift energy shares	RE
Jan. 08	Microsoft Corp. Propels Retail Forward with Agentic Ai Capabilities That Power Intelligent Automation for Every Retail Function	CI

Evolution of the Average Target: Shopify Inc.

Evolution of the Target Price: Shopify Inc.

Changes in Analyst Recommendations: Shopify Inc.

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Analysts' recommendations: Shopify Inc.

Jan. 08	Scotiabank Upgrades Shopify to Sector Outperform From Sector Perform, Adjusts PT to CA$276.62 From CA$230.77	MT
Jan. 07	RBC Says "2026 May Bring a Rebound for Canadian Software Stocks"	MT
Dec. 18	Shopify's Free Cash Flow Strength Supports Long-Term Growth, Oppenheimer Says	MT
Dec. 15	CIBC on the Technology Sector's 2026 Outlook	MT
Dec. 02	Deutsche Bank on Shopify's Black Friday Cyber Monday Sales	MT
Dec. 01	Sector Update: Tech Stocks Mixed Late Afternoon	MT
Dec. 01	RBC Says Shopify, Constellation, and Kinaxis "Most Compelling Investment Ideas" in its Canadian Technology Coverage Universe	MT
Nov. 24	BNP Paribas Exane Initiates Coverage on Shopify With Neutral Rating	MT
Nov. 07	America's markets lose their nerve
Nov. 05	Wedbush Hikes Shopify Price Target to US$185, Keeps Outperform	MT
Nov. 05	Shopify Benefitting From Market Position, Innovation, Solid Execution, Morgan Stanley Says	MT
Nov. 05	RBC on Shopify's Q3, Notes "Improving" Visibility to Long-term Growth	MT
Nov. 05	UBS Adjusts Price Target on Shopify to $165 From $145, Maintains Neutral Rating	MT
Nov. 05	Deutsche Bank Adjusts Price Target on Shopify to $195 From $185, Maintains Buy Rating	MT
Nov. 05	Truist Raises Price Target on Shopify to $155 From $150, Keeps Hold Rating	MT
Nov. 05	Wedbush Raises Price Target on Shopify to $185 From $160, Keeps Outperform Rating	MT
Nov. 05	Morgan Stanley Raises Price Target on Shopify to $192 From $165, Keeps Overweight Rating	MT
Nov. 04	Deutsche Bank on Shopify's Q3	MT
25-10-28	Oppenheimer Adjusts Shopify Price Target to $200 From $180, Maintains Outperform Rating	MT
25-10-27	Deutsche Bank Confirms Buy Rating and Target of US$185 on Shopify Ahead of Q3 Results	MT
25-10-24	RBC Capital Markets Says Q3 Earnings for Its Canadian Technology Coverage "Likely To Remain Bifurcated"	MT
25-10-24	RBC Capital Markets Says Q3 Earrings for Its Canadian Technology Coverage "Likely To Remain Bifurcated"	MT
25-10-17	Shopify Likely to Post Better-Than-Expected Q3 Financial Results, RBC Capital Markets Says	MT
25-10-17	RBC Capital Markets Lifts Shopify's Price Target to US$200 from US$170	MT
25-10-17	Shopify Price Target Raised to US$200 at RBC	MT

More recommendations

Sector Comparison:

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Consensus	Analysts' recommendations evolution (4 months)	Financial estimates divergence	Analysts' Target price divergence	Objective/dr gap
	SHOPIFY INC.					+15.2%
	ALIBABA GROUP HOLDING LIMITED					+17.85%
	PDD HOLDINGS INC.					+39.64%
	MERCADOLIBRE, INC.					+35.76%
	MEITUAN					+19.92%
	EBAY INC.					+1.83%
	COPART, INC.					+19.12%
	VIPSHOP HOLDINGS LIMITED					+21.13%
	GLOBAL-E ONLINE LTD.					+33.74%
	USS CO., LTD.					+7.22%
	Average					+21.14%
	Weighted average by Cap.					+22.07%

See all sector consensus

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

155.81USD

Average target price

179.49USD

Spread / Average Target

+15.20%

High Price Target

200.00USD

Spread / Highest target

+28.36%

Low Price Target

130.00USD

Spread / Lowest Target

-16.57%

Analyst Consensus Detail

Consensus revision (last 18 months)

Analysts covering the company

Scotiabank
BNP Paribas Exane
UBS
Deutsche Bank Securities
Truist Securities
Wedbush
Morgan Stanley
Oppenheimer
RBC Capital Markets
Phillip Securities
Arete
Loop Capital
Needham & Co.
Capital One Securities
BMO Capital
DA Davidson
Benchmark Company
Seaport Global Securities
DZ Bank
Veritas
Redburn Atlantic
Evercore ISI
JPMorgan Chase
MoffettNathanson Research
Goldman Sachs
Barclays
Baird
Mizuho Securities
TD Securities
ATB Capital
CIBC World Markets
JMP Securities
Piper Sandler
Citigroup
Wells Fargo Securities
Canaccord Genuity
Stifel Nicolaus
Roth MKM
KGI Securities
Credit Suisse
Jefferies & Co.
Atlantic Equities
Morningstar
National Bank
KeyBanc Capital Markets
Roth Capital Partners
SMBC Nikko
BofA Securities
Benchmark Capital
William Blair & Co.
Susquehanna
Accountability Research
Wolfe Research
Rosenblatt Securities