← ANALYST RATINGS · TIPRANKS
Shopify (TSE:SHOP): analyst forecast and price target
Analyst consensus
Strong Buy28 Buy4 Hold0 Sell
Ratings of 32 analysts in the last 3 months12-month forecast
Based on 32 price targets given in the last 3 months, the average target is $248, the highest $311, the lowest $180. The average is +3.3% from the last price of $240.
Analyst ratings 44
| Analyst | Firm | Price target | Rating | Upside | Action | Date | Move vs SPY | |
|---|---|---|---|---|---|---|---|---|
| AI xAi Software - ApplicationxAI Grok-3 | TipRanks - xAI | CAD 286 → CAD 279−2.4% | Buy | +16.4% | Reiterated | 17.10.26on TipRanks 04:05 | — | |
| AI DeepSeek Software - ApplicationDeepSeek V3.2-Speciale | TipRanks - DeepSeek | CAD 280 → CAD 273−2.5% | Buy | +13.9% | Reiterated | 17.10.26on TipRanks 04:05 | — | |
| AI OpenAI Software - ApplicationOpenAI 5.2 | TipRanks - OpenAI | CAD 280 → CAD 273−2.5% | Buy | +13.9% | Reiterated | 17.10.26on TipRanks 04:05 | — | |
| AI Anthropic Software - ApplicationAnthropic Opus-4.5 | TipRanks - Anthropic | CAD 272 → CAD 266−2.2% | Buy | +11.0% | Upgrade | 17.10.26on TipRanks 04:05 | — | |
| AI Google Software - ApplicationGemini 3-pro | TipRanks - Google | CAD 285 → CAD 278−2.5% | Buy | +16.0% | Reiterated | 17.10.26on TipRanks 04:05 | — | |
| AI PerPlexity Software - ApplicationPerPlexity SonarPro | TipRanks - PerPlexity | CAD 286 → CAD 279−2.4% | Buy | +16.4% | Reiterated | 17.10.26on TipRanks 04:05 | — | |
| Bryan Smilek★★★★★★★★★★#11852 · hits 39% · avg −12.4% | J.P. Morgan | — | Buy | — | Reiterated | 15.10.26on TipRanks Oct 16 07:55 | +2.6%next day −4.0% | ↗ |
| Samad Samana★★★★★★★★★★#5609 · hits 46% · avg +1.2% | Jefferies | CAD 248 | Buy | +3.3% | Reiterated | 14.10.26on TipRanks Oct 15 04:05 | −1.1%next day +2.6% | ↗ |
| Colin Sebastian★★★★★★★★★★#1201 · hits 54% · avg +8.4% | Robert W. Baird | CAD 226 → CAD 269+18.8% | Buy | +12.2% | Reiterated | 14.10.26on TipRanks Oct 15 03:40 | −1.1%next day +2.6% | ↗ |
| Deepak Mathivanan★★★★★★★★★★#398 · hits 60% · avg +16.4% | Cantor Fitzgerald | CAD 205 → CAD 224+9.0% | Hold | −6.7% | Reiterated | 12.10.26on TipRanks Oct 13 00:45 | +0.1%next day +3.0% | ↗ |
| Jeff Cantwell★★★★★★★★★★#1107 · hits 55% · avg +10.3% | Seaport Global | CAD 248 → CAD 255+2.9% | Buy | +6.3% | Reiterated | 08.10.26on TipRanks Oct 9 03:15 | −0.6%next day +3.5% · 5 days +8.1% | ↗ |
| Todd Coupland★★★★★★★★★★#1233 · hits 51% · avg +15.0% | CIBC | CAD 311 | Buy | +29.9% | Reiterated | 07.10.26on TipRanks Oct 8 03:20 | +1.5%next day −0.6% · 5 days +4.7% | ↗ |
| Mark Shmulik★★★★★★★★★★#667 · hits 70% · avg +20.6% | Bernstein | CAD 226 | Buy | −5.5% | Reiterated | 28.09.26on TipRanks Sep 29 00:50 | +2.2%next day +3.0% · 5 days +10.5% | ↗ |
| Ygal Arounian★★★★★★★★★★#3006 · hits 46% · avg +4.7% | Wedbush | CAD 249 | Buy | +3.9% | Reiterated | 23.09.26on TipRanks Sep 24 04:00 | −2.8%next day +2.5% · 5 days +5.9% | ↗ |
| Siti Panigrahi★★★★★★★★★★#10223 · hits 45% · avg −0.8% | Mizuho Securities | CAD 255 | Buy | +6.3% | Reiterated | 23.09.26on TipRanks 14:55 | −2.8%next day +2.5% · 5 days +5.9% | ↗ |
| James Callahan CFA★★★★★★★★★★#4508 · hits 60% · avg +7.6% | Piper Sandler | CAD 243 → CAD 255+4.7% | Buy | +6.3% | Reiterated | 08.09.26on TipRanks 07:30 | −7.3%next day −4.9% · 5 days −1.2% | ↗ |
| Paul Treiber★★★★★★★★★★#869 · hits 56% · avg +9.5% | RBC Capital | CAD 255 | Buy | +6.3% | Reiterated | 26.08.26on TipRanks Aug 27 04:55 | −2.1%next day +1.8% · 5 days −5.6% | ↗ |
| Unknown Analyst | Rosenblatt Securities | CAD 248 | Buy | +3.3% | Initiated | 19.08.26on TipRanks Aug 25 21:12 | −0.9%next day +1.2% · 5 days +3.3% | ↗ |
| Helena Wang★★★★★★★★★★#5978 · hits 44% · avg +3.7% | Phillip Securities | CAD 226 → CAD 241+6.2% | Buy | +0.4% | Reiterated | 17.08.26on TipRanks 06:04 | −3.2%next day −0.5% · 5 days +1.8% | ↗ |
| Terry Tillman★★★★★★★★★★#12031 · hits 43% · avg −4.6% | Truist Financial | CAD 255 | Buy | +6.3% | Reiterated | 07.08.26on TipRanks 05:50 | +1.8%next day +2.3% · 5 days +1.0% | ↗ |
| J. Parker Lane★★★★★★★★★★#12216 · hits 35% · avg −7.8% | Stifel Nicolaus | CAD 255 | Buy | +6.3% | Reiterated | 06.08.26on TipRanks Aug 11 02:10 | +2.4%next day +1.8% · 5 days +5.8% | ↗ |
| Kevin Krishnaratne★★★★★★★★★★#11440 · hits 42% · avg −4.5% | Scotiabank | CAD 283 | Buy | +18.1% | Reiterated | 06.08.26on TipRanks Aug 7 05:45 | +2.4%next day +1.8% · 5 days +5.8% | ↗ |
| Thanos Moschopoulos★★★★★★★★★★#279 · hits 64% · avg +23.6% | BMO Capital | CAD 226 → CAD 234+3.1% | Buy | −2.6% | Reiterated | 06.08.26on TipRanks Aug 7 03:35 | +2.4%next day +1.8% · 5 days +5.8% | ↗ |
| Bhavin Shah★★★★★★★★★★#7077 · hits 50% · avg +1.1% | Deutsche Bank | CAD 248 → CAD 262+5.7% | Buy | +9.2% | Reiterated | 06.08.26on TipRanks Aug 7 03:30 | +2.4%next day +1.8% · 5 days +5.8% | ↗ |
| Andrew Boone★★★★★★★★★★#612 · hits 55% · avg +13.2% | Citizens JMP | CAD 212 → CAD 262+23.3% | Buy | +9.2% | Reiterated | 06.08.26on TipRanks Aug 7 03:25 | +2.4%next day +1.8% · 5 days +5.8% | ↗ |
| David Hynes★★★★★★★★★★#12301 · hits 38% · avg −10.3% | Canaccord Genuity | CAD 205 → CAD 255+24.1% | Buy | +6.3% | Reiterated | 06.08.26on TipRanks 14:15 | +2.4%next day +1.8% · 5 days +5.8% | ↗ |
| Martin Toner★★★★★★★★★★#3239 · hits 53% · avg +13.1% | ATB Cormark Capital Markets | CAD 240 → CAD 260+8.3% | Buy | +8.5% | Reiterated | 06.08.26on TipRanks 08:30 | +2.4%next day +1.8% · 5 days +5.8% | ↗ |
| Tyler Radke★★★★★★★★★★#2747 · hits 50% · avg +4.2% | Citi | CAD 212 → CAD 277+30.7% | Buy | +15.7% | Reiterated | 06.08.26on TipRanks 06:05 | +2.4%next day +1.8% · 5 days +5.8% | ↗ |
| Ross Sandler★★★★★★★★★★#299 · hits 65% · avg +16.3% | Barclays | CAD 178 → CAD 205+15.1% | Hold | −14.4% | Reiterated | 06.08.26on TipRanks 05:50 | +2.4%next day +1.8% · 5 days +5.8% | ↗ |
| John Shao★★★★★★★★★★#3490 · hits 52% · avg +7.1% | TD Cowen | CAD 225 → CAD 248+10.1% | Buy | +3.3% | Reiterated | 06.08.26on TipRanks 05:13 | +2.4%next day +1.8% · 5 days +5.8% | ↗ |
| Timothy Chiodo★★★★★★★★★★#3445 · hits 50% · avg +4.0% | UBS | CAD 184 → CAD 205+11.5% | Hold | −14.4% | Reiterated | 05.08.26on TipRanks Aug 7 03:25 | +16.7%next day +2.4% · 5 days +3.5% | ↗ |
| Scott Berg★★★★★★★★★★#11766 · hits 45% · avg −3.3% | Needham | CAD 255 | Buy | +6.3% | Reiterated | 05.08.26on TipRanks Aug 6 05:55 | +16.7%next day +2.4% · 5 days +3.5% | ↗ |
| Tal Liani★★★★★★★★★★#798 · hits 58% · avg +10.2% | Bank of America Securities | CAD 212 → CAD 255+20.0% | Buy | +6.3% | Reiterated | 05.08.26on TipRanks Aug 6 05:13 | +16.7%next day +2.4% · 5 days +3.5% | ↗ |
| Mark Mahaney★★★★★★★★★★#639 · hits 55% · avg +12.1% | Evercore ISI | CAD 191 → CAD 248+29.6% | Buy | +3.3% | Reiterated | 05.08.26on TipRanks 15:15 | +16.7%next day +2.4% · 5 days +3.5% | ↗ |
| Arjun Bhatia★★★★★★★★★★#10254 · hits 46% · avg −0.9% | William Blair | — | Buy | — | Reiterated | 05.08.26on TipRanks 14:35 | +16.7%next day +2.4% · 5 days +3.5% | ↗ |
| Doug Taylor★★★★★★★★★★#376 · hits 55% · avg +21.1% | National Bank | CAD 155 → CAD 180+16.1% | Buy | −24.9% | Reiterated | 05.08.26on TipRanks 14:15 | +16.7%next day +2.4% · 5 days +3.5% | ↗ |
| Dominic Ball★★★★★★★★★★#3547 · hits 55% · avg +25.4% | Rothschild & Co Redburn | CAD 226 → CAD 184−18.8% | Hold | −23.2% | Downgrade | 21.07.26on TipRanks Jul 24 05:13 | −1.7%next day −3.8% · 5 days +6.9% | ↗ |
| Adam Wood★★★★★★★★★★#1939 · hits 55% · avg +8.2% | Morgan Stanley | CAD 272 | Buy | +13.4% | Initiated | 21.07.26on TipRanks Jul 24 05:13 | −1.7%next day −3.8% · 5 days +6.9% | ↗ |
| Kenneth Wong★★★★★★★★★★#1613 · hits 52% · avg +7.5% | Oppenheimer | CAD 283 → CAD 248−12.5% | Buy | +3.3% | Reiterated | 06.05.26on TipRanks 23:30 | +6.1%next day −2.1% · 5 days −14.6% | ↗ |
| Gil Luria★★★★★★★★★★#1065 · hits 54% · avg +11.2% | D.A. Davidson | CAD 198 | Buy | −17.3% | Reiterated | 06.05.26on TipRanks 11:35 | −2.8%next day +6.1% · 5 days −10.6% | ↗ |
| Justin Patterson★★★★★★★★★★#1977 · hits 46% · avg +6.3% | KeyBanc | CAD 226 | Buy | −5.5% | Reiterated | 06.05.26on TipRanks 04:25 | −2.8%next day +6.1% · 5 days −10.6% | ↗ |
| Gabriela Borges★★★★★★★★★★#817 · hits 59% · avg +13.8% | Goldman Sachs | CAD 273 → CAD 238−13.0% | Buy | −0.8% | Reiterated | 13.02.26on TipRanks 20:35 | +0.4%next day +7.1% · 5 days +3.0% | ↗ |
| Reginald Smith★★★★★★★★★★#2055 · hits 53% · avg +10.1% | J.P. Morgan | CAD 207 | Buy | −13.8% | Reiterated | 12.02.26on TipRanks 08:05 | −4.6%next day +2.1% · 5 days +13.6% | ↗ |
| Ken Gawrelski★★★★★★★★★★#3829 · hits 48% · avg +3.8% | Wells Fargo | CAD 280 → CAD 270−3.5% | Buy | +12.8% | Reiterated | 12.02.26on TipRanks 07:40 | −4.6%next day +2.1% · 5 days +13.6% | ↗ |
| Mark Zgutowicz★★★★★★★★★★#1190 · hits 50% · avg +10.7% | Benchmark Co. | CAD 276 → CAD 205−25.6% | Buy | −14.4% | Reiterated | 10.02.26on TipRanks Feb 11 01:03 | +7.7%next day −7.0% · 5 days −2.6% | ↗ |
| Michael Morton★★★★★★★★★★#2296 · hits 72% · avg +18.4% | MoffettNathanson | CAD 173 → CAD 212+23.0% | Buy | −11.4% | Upgrade | 09.02.26on TipRanks Feb 10 00:55 | +4.5%next day +7.7% · 5 days −2.0% | ↗ |
| Rocco Strauss★★★★★★★★★★#10740 · hits 22% · avg −10.8% | Arete Research | — | Buy | — | Upgrade | 02.02.26on TipRanks 05:15 | +0.6%next day −8.8% · 5 days −10.9% | ↗ |
| Shweta Khajuria★★★★★★★★★★#886 · hits 48% · avg +19.7% | Wolfe Research | — | Hold | — | Downgrade | 05.01.26on TipRanks 16:20 | +1.1%next day −0.5% · 5 days −0.5% | ↗ |
| Brian Peterson★★★★★★★★★★#2160 · hits 49% · avg +5.3% | Raymond James | — | Hold | — | Reiterated | 02.12.25on TipRanks 19:40 | +1.4%next day +1.5% · 5 days +3.7% | ↗ |
| Nicholas Jones CFA★★★★★★★★★★#222 · hits 54% · avg +29.1% | Exane BNP Paribas | — | Hold | — | Initiated | 24.11.25on TipRanks Nov 25 07:51 | +3.7%next day +0.4% · 5 days −1.8% | ↗ |
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The latest rating of each analyst in the last 12 months, as TipRanks lists them. Every rating kept, earlier ones included
Best analysts covering Shopify
TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.
Most accurate
Most profitable
How the average price target moved
The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $246 at a price of $211 (+16.5%); now: $248 at $240 (+3.3%).
PriceAverage targetTop analysts’ target
Recommendation trend
Strong BuyBuyHoldSell
| Rating | 05.26 | 06.26 | 07.26 | 08.26 | 09.26 | 10.26 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 8 | 9 | 2 | 2 | 0 |
| Buy | 23 | 23 | 24 | 36 | 39 | 37 |
| Hold | 6 | 5 | 5 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Earnings and sales forecast
Next report: 03.11.26 (Q3 2026, date not confirmed)
Earnings per share
Next quarter’s EPS estimate — $0.66 (from $0.53 to $0.93). Last quarter: $0.59.
Sales
Next quarter’s sales estimate — $5.3B (from $5.1B to $5.4B). Last quarter: $5.0B.
Best top-analyst consensus in the sector · General
About Shopify
- CEO: Tobias Lutke
- Employees: 7,600
- 151 O'Connor Street, Ottawa, ON, K2P 2L8, CA
- www.shopify.com
Headquartered in Ottawa, Canada, Shopify Inc. is a global commerce company established in 2004. Operating across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America, it delivers a comprehensive platform and suite of services designed to empower merchants. This robust platform allows businesses to showcase, manage, market, and sell their products through a diverse array of channels, including online and mobile storefronts, brick-and-mortar stores, temporary pop-up locations, social media integrations, dedicated mobile applications, buy buttons, and various online marketplaces. Beyond sales, Shopify's ecosystem supports merchants in managing inventory, processing transactions, handling order fulfillment and shipping, cultivating customer relationships, sourcing products, leveraging advanced analytics, overseeing financial operations, and accessing capital. The company further enhances its offerings with custom themes, applications, and domain name registration services. Its merchant solutions specifically encompass payment processing, streamlined shipping and fulfillment, and secure access to working capital. Prior to its current name, adopted in November 2011, the company was known as Jaded Pixel Technologies Inc.
Data from the stock’s TipRanks forecast page, read 14 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗