Comments

Shopify Analyst Ratings

SHOPNASDAQ

Logo brought to you by Benzinga Data

Trade with Public

$163.14

3.292.06%

At close: Dec 16, 4:00 PM EST

$162.99

-0.15-0.09%

After Hours: 7:55 PM EST

Overview News Earnings Options Guidance

Analyst Ratings

Short Interest Government Trades Stock Report

Consensus Rating¹

Overweight

Highest Price Target¹

$200.00

Lowest Price Target¹

$99.00

Consensus Price Target¹

$158.00

Shopify Analyst Ratings and Price Targets | NASDAQ:SHOP | Benzinga

Shopify Inc has a consensus price target of $158 based on the ratings of 36 analysts. The high is $200 issued by CIBC on November 5, 2025. The low is $99 issued by MoffettNathanson on November 26, 2024. The 3 most-recent analyst ratings were released by UBS, JP Morgan, and CIBC on November 5, 2025, respectively. With an average price target of $181.67 between UBS, JP Morgan, and CIBC, there's an implied 11.46% upside for Shopify Inc from these most-recent analyst ratings.

Analyst Trends and Forecast

Jul

Aug

Oct

Nov

Buy

Hold

Sell

Strong Sell

Analyst Rating and Forecast

3.6

Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Analyst Firms Making Recommendations¹

UBS

JP Morgan

CIBC

Barclays

Truist Securities

¹calculated from analyst ratings

Analyst Ratings for Shopify

					Get Alert
Nov 5, 2025	1.23%	Timothy ChiodoUBS 55%	145 165	Previous Neutral Current Neutral	Get Alert
Nov 5, 2025	10.44%	Reginald SmithJP Morgan 73%	179 180	Previous Overweight Current Overweight	Get Alert
Nov 5, 2025	22.71%	Todd CouplandCIBC 74%	185 200	Previous Outperformer Current Outperformer	Get Alert
Nov 5, 2025	-14.11%	Trevor YoungBarclays 54%	120 140	Previous Equal-Weight Current Equal-Weight	Get Alert
Nov 5, 2025	-4.9%	Terry TillmanTruist Securities 60%	150 155	Previous Hold Current Hold	Get Alert
Nov 5, 2025	11.05%	Deepak MathivananCantor Fitzgerald 76%	156 181	Previous Neutral Current Neutral	Get Alert
Nov 5, 2025	19.64%	Gil LuriaDA Davidson 64%	185 195	Previous Buy Current Buy	Get Alert
Nov 5, 2025	1.23%	Kevin KrishnaratneScotiabank 35%	150 165	Previous Sector Perform Current Sector Perform	Get Alert
Nov 5, 2025	17.8%	Keith WeissMorgan Stanley 74%	165 192	Previous Overweight Current Overweight	Get Alert
Nov 5, 2025	16.57%	Thanos MoschopoulosBMO Capital 79%	180 190	Previous Outperform Current Outperform	Get Alert
Nov 5, 2025	10.44%	Scott BergNeedham 52%	180 180	Previous Buy Current Buy	Get Alert
Nov 4, 2025	13.5%	David HynesCanaccord Genuity 64%	165 185	Previous Buy Current Buy	Get Alert
Oct 30, 2025	22.71%	Austin WurschmidtKeybanc 60%	175 200	Previous Overweight Current Overweight	Get Alert
Oct 28, 2025	22.71%	Ken WongOppenheimer 66%	180 200	Previous Outperform Current Outperform	Get Alert
Oct 17, 2025	22.71%	Paul TreiberRBC Capital 78%	170 200	Previous Outperform Current Outperform	Get Alert
Oct 3, 2025	-4.29%	Daniel ChanTD Cowen 73%	156	Previous Current Hold	Get Alert
Oct 3, 2025	-4.29%	Daniel ChanTD Securities 73%	130 156	Previous Hold Current Hold	Get Alert
Aug 8, 2025	19.64%	Tyler RadkeCitigroup 68%	155 195	Previous Buy Current Buy	Get Alert
Aug 8, 2025	4.3%	Mark MahaneyEvercore ISI Group 80%	120 170	Previous Outperform Current Outperform	Get Alert
Aug 7, 2025	1.23%	David HynesCanaccord Genuity 64%	115 165	Previous Buy Current Buy	Get Alert
Aug 7, 2025	9.82%	Reginald SmithJP Morgan 73%	115 179	Previous Overweight Current Overweight	Get Alert
Aug 7, 2025	-7.97%	Kevin KrishnaratneScotiabank 35%	115 150	Previous Sector Perform Current Sector Perform	Get Alert
Aug 7, 2025	7.98%	Gabriela BorgesGoldman Sachs 68%	120 176	Previous Buy Current Buy	Get Alert
Aug 7, 2025	-11.04%	Timothy ChiodoUBS 55%	110 145	Previous Neutral Current Neutral	Get Alert
Aug 7, 2025	-7.97%	Parker LaneStifel 48%	110 150	Previous Hold Current Hold	Get Alert
Aug 7, 2025	4.3%	Paul TreiberRBC Capital 78%	145 170	Previous Outperform Current Outperform	Get Alert
Aug 7, 2025	-7.97%	Terry TillmanTruist Securities 60%	95 150	Previous Hold Current Hold	Get Alert
Aug 7, 2025	7.37%	Justin PattersonKeybanc 67%	145 175	Previous Overweight Current Overweight	Get Alert
Aug 7, 2025	-26.38%	Trevor YoungBarclays 54%	94 120	Previous Equal-Weight Current Equal-Weight	Get Alert
Aug 7, 2025	13.5%	Andrew BooneJMP Securities 76%	135 185	Previous Market Outperform Current Market Outperform	Get Alert
Aug 7, 2025	10.44%	Ken WongOppenheimer 66%	145 180	Previous Outperform Current Outperform	Get Alert
Aug 7, 2025	-7.97%	Siti PanigrahiMizuho 60%	85 150	Previous Neutral Current Neutral	Get Alert
Aug 7, 2025	16.57%	Mark ZgutowiczBenchmark 58%	140 190	Previous Buy Current Buy	Get Alert
Aug 5, 2025	-14.11%	Mark ZgutowiczBenchmark 58%	125 140	Previous Buy Current Buy	Get Alert
Jul 28, 2025	-29.44%	Kevin KrishnaratneScotiabank 35%	90 115	Previous Sector Perform Current Sector Perform	Get Alert
Jul 28, 2025	-11.04%	Ken WongOppenheimer 66%	125 145	Previous Outperform Current Outperform	Get Alert
Jul 22, 2025	-11.04%	Justin PattersonKeybanc 67%	115 145	Previous Overweight Current Overweight	Get Alert
Jul 22, 2025	-26.38%	Anthony ChukumbaLoop Capital 56%	120 120	Previous Buy Current Hold	Get Alert
Jul 18, 2025	-11.04%	Todd CouplandCIBC 74%	125 145	Previous Outperformer Current Outperformer	Get Alert
Jul 15, 2025	-32.51%	Parker LaneStifel 48%	100 110	Previous Hold Current Hold	Get Alert
Jul 14, 2025	-26.38%	Colin SebastianBaird 79%	110 120	Previous Outperform Current Outperform	Get Alert
Jul 14, 2025	-17.17%	Scott BergNeedham 52%	135	Previous Initiates Current Buy	Get Alert
Jun 16, 2025	-23.31%	Gil LuriaDA Davidson 64%	115 125	Previous Buy Current Buy	Get Alert
Jun 11, 2025	-44.17%	Deepak MathivananCantor Fitzgerald 76%	91 91	Previous Neutral Current Neutral	Get Alert
Jun 6, 2025	-23.31%	Andrew BauchWells Fargo 59%	107 125	Previous Overweight Current Overweight	Get Alert
May 9, 2025	-44.17%	Deepak MathivananCantor Fitzgerald 76%	80 91	Previous Neutral Current Neutral	Get Alert
May 9, 2025	-32.51%	Timothy ChiodoUBS 55%	110 125	Previous Neutral Current Neutral	Get Alert
May 9, 2025	-29.44%	Reginald SmithJP Morgan 73%	115 124	Previous Overweight Current Overweight	Get Alert
May 9, 2025	-31.28%	—	106 112	Previous Overweight Current Overweight	Get Alert
May 9, 2025	-42.33%	Trevor YoungBarclays 54%	94 100	Previous Equal-Weight Current Equal-Weight	Get Alert
May 6, 2025	-38.65%	Terry TillmanTruist Securities 60%	100 120	Previous Hold Current Hold	Get Alert
May 6, 2025	-23.31%	Mark ZgutowiczBenchmark 58%	125 150	Previous Buy Current Buy	Get Alert
May 6, 2025	-26.38%	Thanos MoschopoulosBMO Capital 79%	120	Previous Initiates Current Outperform	Get Alert
May 5, 2025	-32.51%	Samad SamanaJefferies 47%	110 130	Previous Hold Current Hold	Get Alert
Apr 30, 2025	-23.31%	Ken WongOppenheimer 66%	125 150	Previous Outperform Current Outperform	Get Alert
Apr 23, 2025	-34.35%	Jeff CantwellWells Fargo 45%	107 135	Previous Overweight Current Overweight	Get Alert
Apr 23, 2025	-35.58%	Philip GibbsKeybanc 84%	105 140	Previous Overweight Current Overweight	Get Alert
Apr 22, 2025	-20.24%	Gabriela BorgesGoldman Sachs 68%	130 150	Previous Buy Current Buy	Get Alert
Apr 17, 2025	-23.31%	Paul TreiberRBC Capital 78%	125 145	Previous Outperform Current Outperform	Get Alert
Apr 16, 2025	-26.38%	Anthony ChukumbaLoop Capital 56%	120 150	Previous Buy Current Buy	Get Alert
Apr 16, 2025	-50.92%	Deepak MathivananCantor Fitzgerald 76%	80 120	Previous Neutral Current Neutral	Get Alert
Apr 16, 2025	-34.97%	—	106 144	Previous Overweight Current Overweight	Get Alert
Apr 15, 2025	-47.85%	Siti PanigrahiMizuho 60%	85 110	Previous Neutral Current Neutral	Get Alert
Apr 14, 2025	-29.44%	Gil LuriaDA Davidson 64%	115 150	Previous Buy Current Buy	Get Alert
Feb 18, 2025	-20.24%	Samad SamanaJefferies 47%	110 130	Previous Hold Current Hold	Get Alert
Feb 12, 2025	-17.17%	Jeff CantwellWells Fargo 45%	120 135	Previous Overweight Current Overweight	Get Alert
Feb 12, 2025	-11.65%	Keith WeissMorgan Stanley 74%	126 144	Previous Overweight Current Overweight	Get Alert
Feb 12, 2025	-26.38%	Terry TillmanTruist Securities 60%	110 120	Previous Hold Current Hold	Get Alert
Feb 12, 2025	-23.31%	Timothy ChiodoUBS 55%	110 125	Previous Neutral Current Neutral	Get Alert
Feb 12, 2025	-11.04%	Paul TreiberRBC Capital 78%	130 145	Previous Outperform Current Outperform	Get Alert
Feb 12, 2025	-7.97%	Gabriela BorgesGoldman Sachs 68%	135 150	Previous Buy Current Buy	Get Alert
Feb 12, 2025	-26.38%	Kevin KrishnaratneScotiabank 35%	115 120	Previous Sector Perform Current Sector Perform	Get Alert
Feb 12, 2025	-38.65%	Trevor YoungBarclays 54%	93 100	Previous Equal-Weight Current Equal-Weight	Get Alert
Feb 12, 2025	-23.92%	Reginald SmithJP Morgan 73%	121 124	Previous Overweight Current Overweight	Get Alert
Feb 12, 2025	-14.11%	Mark MahaneyEvercore ISI Group 80%	125 140	Previous Outperform Current Outperform	Get Alert
Feb 12, 2025	-26.38%	Deepak MathivananCantor Fitzgerald 76%	120 120	Previous Neutral Current Neutral	Get Alert
Feb 12, 2025	-14.11%	David HynesCanaccord Genuity 64%	125 140	Previous Buy Current Buy	Get Alert
Feb 12, 2025	-7.97%	Ken WongOppenheimer 66%	130 150	Previous Outperform Current Outperform	Get Alert
Feb 12, 2025	-36.19%	Clarke JeffriesPiper Sandler 56%	94 104	Previous Neutral Current Neutral	Get Alert
Feb 11, 2025	7.37%	Tyler RadkeCitigroup 68%	143 175	Previous Buy Current Buy	Get Alert
Jan 22, 2025	-20.24%	Paul TreiberRBC Capital 78%	130 130	Previous Outperform Current Outperform	Get Alert
Jan 6, 2025	-23.31%	Scott DevittWedbush 80%	115 125	Previous Neutral Current Outperform	Get Alert
Dec 12, 2024	-26.38%	Andrew BooneJMP Securities 76%	120 120	Previous Market Outperform Current Market Outperform	Get Alert
Dec 6, 2024	-26.38%	Andrew BooneJMP Securities 76%	120 120	Previous Market Outperform Current Market Outperform	Get Alert
Dec 6, 2024	-14.11%	Anthony ChukumbaLoop Capital 56%	140	Previous Hold Current Buy	Get Alert
Nov 26, 2024	-39.26%	Michael MortonMoffettNathanson 64%	86 99	Previous Neutral Current Neutral	Get Alert
Nov 18, 2024	-32.51%	Samad SamanaJefferies 47%	80 110	Previous Hold Current Hold	Get Alert
Nov 13, 2024	-29.44%	Kevin KrishnaratneScotiabank 35%	80 115	Previous Sector Perform Current Sector Perform	Get Alert
Nov 13, 2024	-20.24%	Ken WongOppenheimer 66%	90 130	Previous Outperform Current Outperform	Get Alert
Nov 13, 2024	-26.38%	Andrew BauchWells Fargo 59%	90 120	Previous Overweight Current Overweight	Get Alert
Nov 13, 2024	-26.38%	Andrew BooneJMP Securities 76%	80 120	Previous Market Outperform Current Market Outperform	Get Alert
Nov 13, 2024	-32.51%	Terry TillmanTruist Securities 60%	65 110	Previous Hold Current Hold	Get Alert
Nov 13, 2024	-17.17%	Gabriela BorgesGoldman Sachs 68%	88 135	Previous Buy Current Buy	Get Alert
Nov 13, 2024	-42.94%	Trevor YoungBarclays 54%	70 93	Previous Equal-Weight Current Equal-Weight	Get Alert
Nov 13, 2024	-20.24%	Josh BeckKeybanc 77%	80 130	Previous Overweight Current Overweight	Get Alert
Nov 13, 2024	-20.24%	Paul TreiberRBC Capital 78%	100 130	Previous Outperform Current Outperform	Get Alert
Nov 13, 2024	-23.31%	David HynesCanaccord Genuity 64%	80 125	Previous Buy Current Buy	Get Alert
Nov 13, 2024	-35.58%	Siti PanigrahiMizuho 60%	68 105	Previous Neutral Current Neutral	Get Alert
Nov 13, 2024	-22.69%	Colin SebastianBaird 79%	90 126	Previous Outperform Current Outperform	Get Alert
Nov 13, 2024	-42.33%	Clarke JeffriesPiper Sandler 56%	67 94	Previous Neutral Current Neutral	Get Alert

FAQ

What is the target price for Shopify (SHOP) stock?

The latest price target for Shopify (NASDAQ:SHOP) was reported by UBS on November 5, 2025. The analyst firm set a price target for $165.00 expecting SHOP to rise to within 12 months (a possible 1.23% upside). 82 analyst firms have reported ratings in the last year.

What is the most recent analyst rating for Shopify (SHOP)?

The latest analyst rating for Shopify (NASDAQ:SHOP) was provided by UBS, and Shopify maintained their neutral rating.

When was the last upgrade for Shopify (SHOP)?

The last upgrade for Shopify Inc happened on January 6, 2025 when Wedbush raised their price target to $125. Wedbush previously had a neutral for Shopify Inc.

When was the last downgrade for Shopify (SHOP)?

The last downgrade for Shopify Inc happened on July 22, 2025 when Loop Capital changed their price target from $120 to $120 for Shopify Inc.

When is the next analyst rating going to be posted or updated for Shopify (SHOP)?

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Shopify, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Shopify was filed on November 5, 2025 so you should expect the next rating to be made available sometime around November 5, 2026.

Is the Analyst Rating Shopify (SHOP) correct?

While ratings are subjective and will change, the latest Shopify (SHOP) rating was a maintained with a price target of $145.00 to $165.00. The current price Shopify (SHOP) is trading at is $162.99, which is within the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.