Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
122.05
-2.18 (-1.75%)
At close: Apr 28, 2026, 4:00 PM EDT
121.69
-0.36 (-0.30%)
Pre-market: Apr 29, 2026, 4:39 AM EDT
Shopify Stock Forecast
Stock Price Forecast
The 32 analysts with 12-month price forecasts for Shopify stock have an average target of 164.44, with a low estimate of 120 and a high estimate of 200. The average target predicts an increase of 34.73% from the current stock price of 122.05.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Shopify stock from 33 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 7 | 7 | 7 |
| Buy | 16 | 15 | 16 | 18 | 19 | 18 |
| Hold | 12 | 11 | 11 | 8 | 8 | 8 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 34 | 32 | 33 | 33 | 34 | 33 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $172 → $163 | Strong Buy | Maintains | $172 → $163 | +33.55% | Apr 28, 2026 |
| Wells Fargo | Wells Fargo | Buy Maintains $191 → $166 | Buy | Maintains | $191 → $166 | +36.01% | Apr 6, 2026 |
| Piper Sandler | Piper Sandler | Buy Initiates $165 | Buy | Initiates | $165 | +35.19% | Mar 12, 2026 |
| Jefferies | Jefferies | Hold Maintains $125 → $150 | Hold | Maintains | $125 → $150 | +22.90% | Mar 9, 2026 |
| Jefferies | Jefferies | Hold Maintains $160 → $125 | Hold | Maintains | $160 → $125 | +2.42% | Feb 17, 2026 |
Financial Forecast
Revenue This Year
14.95B
from 11.56B
Increased by 29.34%
Revenue Next Year
18.50B
from 14.95B
Increased by 23.77%
EPS This Year
1.85
from 0.94
Increased by 96.86%
EPS Next Year
2.37
from 1.85
Increased by 28.19%
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 16.0B | 22.1B | ||||||
| Avg | 14.9B | 18.5B | ||||||
| Low | 13.7B | 15.8B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 38.5% | 47.9% | ||||||
| Avg | 29.3% | 23.8% | ||||||
| Low | 18.2% | 5.4% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 2.33 | 3.92 | ||||||
| Avg | 1.85 | 2.37 | ||||||
| Low | 1.29 | 1.62 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|
| High | 148.0% | 111.7% | ||||||
| Avg | 96.9% | 28.2% | ||||||
| Low | 37.6% | -12.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.