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SHOP
Volume: 25.74M

Shopify Inc (SHOP) Stock Forecast & Price Target

Shopify Inc (SHOP) Analyst Ratings

Based on 29 analyst ratings
Buy
Strong Buy 21%
Buy 41%
Hold 38%
Sell 0%
Strong Sell 0%

Bulls say

The analysis reveals a strong upward momentum for Shopify, with significant increases in engagement and usage of its tools, as evidenced by a rise of 650,000 new shops using Sidekick in Q3 and 8 million conversations with merchants in October 2025. Merchant Solutions revenue demonstrated impressive growth, rising 38% year-over-year to $2.145 billion, surpassing previous estimates, while key verticals like B2B and Offline GMV saw substantial year-over-year increases of 98% and 31%, respectively. Additionally, Shopify's expanding international presence, reflected in a 49% surge in European GMV, positions the company favorably for continued growth and increased market share, particularly as it capitalizes on emerging trends and tools in e-commerce.

Bears say

The analysis highlights several fundamental concerns regarding Shopify's financial outlook. Firstly, Shopify’s diluted EPS of $0.20 fell significantly short of both internal and Street estimates due to net unrealized losses, indicating potential volatility and weakness in the company's investment portfolio. Additionally, the projected decline in the ratio of annual non-Plus subscription average revenue per user (ARPU) to average non-Plus merchant annual store sales suggests that Shopify may struggle to maintain its value proposition in a competitive landscape where consumer spending is anticipated to decrease.

Shopify Inc (SHOP) has been analyzed by 29 analysts, with a consensus rating of Buy. 21% of analysts recommend a Strong Buy, 41% recommend Buy, 38% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Shopify Inc and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Shopify Inc (SHOP) Forecast

Analysts have given Shopify Inc (SHOP) a Buy based on their latest research and market trends.

According to 29 analysts, Shopify Inc (SHOP) has a Buy consensus rating as of Feb 4, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $170.45, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $170.45, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Shopify Inc (SHOP)

Volume: 25.74M

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