SHOPIFY INC - CLASS A (SHOP) Forecast, Price Target & Analyst Ratings

NASDAQ:SHOP • CA82509L1076

Current stock price

122.96 USD
-3.21 (-2.54%)
At close:
122.79 USD
-0.17 (-0.14%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for SHOPIFY INC - CLASS A (SHOP).

Forecast Snapshot

Consensus Price Target

Price Target
$163.96
+ 33.35% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
$0.34
Revenue Estimate
3.143B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
78.18%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$163.96
Upside
+ 33.35%
From current price of $122.96 to mean target of $163.96, Based on 55 analyst forecasts
Low
$111.10
Median
$163.20
High
$231.00

Price Target Revisions

1 Month
-9.42%
3 Months
-6.93%

Price Target Summary

55 Wall Street analysts provided a forecast for the next 12 months for SHOP. The average price target is 163.96 USD. This implies a price increase of 33.35% is expected in the next year compared to the current price of 122.96.
The average price target has been revised downward by 6.93% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

SHOP Current Analyst RatingSHOP Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 10 20 30

Analyst Ratings History

SHOP Historical Analyst RatingsSHOP Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30 40 50

Analyst Ratings Consensus

ChartMill Buy Consensus
78.18%
SHOP was analyzed by 55 analysts. The buy percentage consensus is at 78. So analysts seem to be have mildly positive about SHOP.
In the previous month the buy percentage consensus was at a similar level.
SHOP was analyzed by 55 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-09JefferiesMaintains Hold -> Hold
2026-02-17Truist SecuritiesUpgrade Hold -> Buy
2026-02-17JefferiesMaintains Hold -> Hold
2026-02-13CitigroupMaintains Buy -> Buy
2026-02-12CitizensMaintains Market Outperform -> Market Outperform
2026-02-12Cantor FitzgeraldMaintains Neutral -> Neutral
2026-02-12MizuhoUpgrade Neutral -> Outperform
2026-02-12BMO CapitalMaintains Outperform -> Outperform
2026-02-12UBSMaintains Neutral -> Neutral
2026-02-12NeedhamReiterate Buy -> Buy
2026-02-12RBC CapitalMaintains Outperform -> Outperform
2026-02-12BarclaysMaintains Equal-Weight -> Equal-Weight
2026-02-12WedbushMaintains Outperform -> Outperform
2026-02-12Wells FargoMaintains Overweight -> Overweight
2026-02-12Truist SecuritiesMaintains Hold -> Hold
2026-02-10BenchmarkMaintains Buy -> Buy
2026-02-09BMO CapitalMaintains Outperform -> Outperform
2026-01-08ScotiaBankUpgrade Sector Perform -> Sector Outperform
2026-01-06Wolfe ResearchDowngrade Outperform -> Peer Perform
2025-12-17Wells FargoMaintains Overweight -> Overweight
2025-11-05CIBCMaintains Outperformer -> Outperformer
2025-11-05Cantor FitzgeraldMaintains Neutral -> Neutral
2025-11-05ScotiaBankMaintains Sector Perform -> Sector Perform
2025-11-05DA DavidsonMaintains Buy -> Buy
2025-11-05BMO CapitalMaintains Outperform -> Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
$0.34
Revenue Estimate
3.143B
Revenue Q2Q
33.18%
EPS Q2Q
34.93%
Number of Analysts
37

Next Earnings Revisions

Revenue (1 Month)
4.42%
Revenue (3 Months)
4.45%
EPS (1 Month)
2.48%
EPS (3 Months)
3.66%

Next Earnings Summary

SHOP is expected to report earnings on 5/6/2026. The consensus EPS estimate for the next earnings is 0.34 USD and the consensus revenue estimate is 3.14B USD.
The next earnings revenue estimate has been revised upward by 4.45% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
SHOP revenue by date.SHOP revenue by date.
7.06B
26.07%		8.88B
25.78%		11.556B
30.14%		14.942B
29.30%		18.481B
23.68%		22.978B
24.33%		26.935B
17.22%		32.074B
19.08%		38.196B
19.09%		45.289B
18.57%		53.617B
18.39%
EBITDA
YoY % growth
SHOP ebitda by date.SHOP ebitda by date.
30M
105.45%		1.111B
3,603.33%		1.512B
36.09%		2.737B
81.02%		3.628B
32.55%		5.663B
56.09%		6.427B
13.49%		8.201B
27.60%		N/AN/AN/A
EBIT
YoY % growth
SHOP ebit by date.SHOP ebit by date.
-40M
93.76%		1.075B
2,787.50%		1.481B
37.77%		2.634B
77.85%		3.439B
30.56%		5.154B
49.87%		5.295B
2.74%		6.648B
25.55%		8.732B
31.35%		10.992B
25.88%		N/A
Operating Margin
SHOP operating margin by date.SHOP operating margin by date.
-0.57%12.11%12.82%17.63%18.61%22.43%19.66%20.73%22.86%24.27%N/A
EPS
YoY % growth
SHOP eps by date.SHOP eps by date.
0.73
1,725.00%		1.20
64.38%		1.42
18.33%		1.85
30.08%		2.37
28.36%		3.34
41.01%		3.48
4.03%		4.21
21.11%		4.46
5.93%		5.37
20.34%		6.72
25.17%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28
EPS
Q2Q % growth		0.34
34.93%		0.40
13.93%		0.46
36.52%		0.66
36.83%		0.41
22.98%		0.52
31.07%		0.58
24.46%		0.80
21.71%		0.46
10.40%		0.61
16.12%		0.66
14.05%
Revenue
Q2Q % growth		3.143B
33.18%		3.462B
29.18%		3.564B
25.32%		4.504B
22.66%		3.659B
16.42%		4.107B
18.63%		4.313B
21.02%		5.396B
19.80%		4.365B
19.29%		4.909B
19.53%		5.143B
19.24%
EBITDA
Q2Q % growth		479.98M
127.48%		575.75M
81.62%		665.19M
79.78%		950.86M
43.63%		576.35M
20.08%		755.28M
31.18%		870.37M
30.85%		1.18B
24.10%		N/AN/AN/A
EBIT
Q2Q % growth		475.37M
134.17%		562.61M
86.91%		644.28M
86.21%		921.81M
46.09%		570.42M
19.99%		734.01M
30.47%		839.15M
30.25%		1.168B
26.71%		N/AN/AN/A

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

SHOP Yearly Revenue VS EstimatesSHOP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B 50B
SHOP Yearly EPS VS EstimatesSHOP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 2 4 6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
33.03%
EPS Next 5 Year
24.29%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
25.20%
Revenue Next 5 Year
22.33%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
42.94%
EBIT Next 5 Year
33.43%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

SHOPIFY INC - CLASS A / SHOP Forecast FAQ

What is the average price target for SHOPIFY INC - CLASS A (SHOP) stock?

55 analysts have analysed SHOP and the average price target is 163.96 USD. This implies a price increase of 33.35% is expected in the next year compared to the current price of 122.96.

What is the next earnings date for SHOP stock?

SHOPIFY INC - CLASS A (SHOP) will report earnings on 2026-05-06, after the market close.

What are the consensus estimates for SHOP stock next earnings?

The consensus EPS estimate for the next earnings of SHOPIFY INC - CLASS A (SHOP) is 0.34 USD and the consensus revenue estimate is 3.14B USD.

Can you provide the consensus rating for SHOPIFY INC - CLASS A stock?

The consensus rating for SHOPIFY INC - CLASS A (SHOP) is 78.1818 / 100 . This indicates that analysts generally have a positive outlook on the stock.