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$101.51
-1.78-1.72%
At close: -
$101.51
0.000.00%
After Hours: May 23, 7:59 PM EDT
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Shopify Analyst Ratings and Price Targets | NASDAQ:SHOP | Benzinga
Shopify Inc has a consensus price target of $111.31 based on the ratings of 35 analysts. The high is $175 issued by Citigroup on February 11, 2025. The low is $72 issued by TD Securities on May 9, 2024. The 3 most-recent analyst ratings were released by UBS, JP Morgan, and Morgan Stanley on May 9, 2025, respectively. With an average price target of $112.33 between UBS, JP Morgan, and Morgan Stanley, there's an implied 10.66% upside for Shopify Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
UBS
JP Morgan
Morgan Stanley
Barclays
Truist Securities
1calculated from analyst ratings
Analyst Ratings for Shopify
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/09/2025 | Buy Now | 8.36% | UBS | Timothy Chiodo61% | $125 → $110 | Maintains | Neutral | Get Alert |
| 05/09/2025 | Buy Now | 13.29% | JP Morgan | Reginald Smith54% | $124 → $115 | Maintains | Overweight | Get Alert |
| 05/09/2025 | Buy Now | 10.33% | Morgan Stanley | — | $106 → $112 | Maintains | Overweight | Get Alert |
| 05/09/2025 | Buy Now | -7.4% | Barclays | Trevor Young66% | $100 → $94 | Maintains | Equal-Weight | Get Alert |
| 05/06/2025 | Buy Now | -1.49% | Truist Securities | Terry Tillman62% | $120 → $100 | Maintains | Hold | Get Alert |
| 05/06/2025 | Buy Now | 23.14% | Benchmark | Mark Zgutowicz61% | $150 → $125 | Maintains | Buy | Get Alert |
| 05/06/2025 | Buy Now | 18.21% | BMO Capital | Thanos Moschopoulos75% | → $120 | Initiates | → Outperform | Get Alert |
| 05/05/2025 | Buy Now | 8.36% | Jefferies | Samad Samana55% | $130 → $110 | Maintains | Hold | Get Alert |
| 04/30/2025 | Buy Now | 23.14% | Oppenheimer | Ken Wong72% | $150 → $125 | Maintains | Outperform | Get Alert |
| 04/23/2025 | Buy Now | 3.44% | Keybanc | Philip Gibbs83% | $140 → $105 | Maintains | Overweight | Get Alert |
| 04/22/2025 | Buy Now | 28.07% | Goldman Sachs | Gabriela Borges68% | $150 → $130 | Maintains | Buy | Get Alert |
| 04/17/2025 | Buy Now | 23.14% | RBC Capital | Paul Treiber66% | $145 → $125 | Maintains | Outperform | Get Alert |
| 04/16/2025 | Buy Now | 18.21% | Loop Capital | Anthony Chukumba51% | $150 → $120 | Maintains | Buy | Get Alert |
| 04/16/2025 | Buy Now | -21.19% | Cantor Fitzgerald | Deepak Mathivanan81% | $120 → $80 | Maintains | Neutral | Get Alert |
| 04/16/2025 | Buy Now | 4.42% | Morgan Stanley | — | $144 → $106 | Maintains | Overweight | Get Alert |
| 04/15/2025 | Buy Now | -16.26% | Mizuho | Siti Panigrahi63% | $110 → $85 | Maintains | Neutral | Get Alert |
| 04/14/2025 | Buy Now | 13.29% | DA Davidson | Gil Luria62% | $150 → $115 | Maintains | Buy | Get Alert |
| 02/18/2025 | Buy Now | 28.07% | Jefferies | Samad Samana55% | $110 → $130 | Maintains | Hold | Get Alert |
| 02/12/2025 | Buy Now | 41.86% | Morgan Stanley | Keith Weiss76% | $126 → $144 | Maintains | Overweight | Get Alert |
| 02/12/2025 | Buy Now | 18.21% | Truist Securities | Terry Tillman62% | $110 → $120 | Maintains | Hold | Get Alert |
| 02/12/2025 | Buy Now | 23.14% | UBS | Timothy Chiodo61% | $110 → $125 | Maintains | Neutral | Get Alert |
| 02/12/2025 | Buy Now | 42.84% | RBC Capital | Paul Treiber66% | $130 → $145 | Maintains | Outperform | Get Alert |
| 02/12/2025 | Buy Now | 47.77% | Goldman Sachs | Gabriela Borges68% | $135 → $150 | Maintains | Buy | Get Alert |
| 02/12/2025 | Buy Now | 18.21% | Scotiabank | Kevin Krishnaratne40% | $115 → $120 | Maintains | Sector Perform | Get Alert |
| 02/12/2025 | Buy Now | -1.49% | Barclays | Trevor Young66% | $93 → $100 | Maintains | Equal-Weight | Get Alert |
| 02/12/2025 | Buy Now | 22.16% | JP Morgan | Reginald Smith54% | $121 → $124 | Maintains | Overweight | Get Alert |
| 02/12/2025 | Buy Now | 37.92% | Evercore ISI Group | Mark Mahaney82% | $125 → $140 | Maintains | Outperform | Get Alert |
| 02/12/2025 | Buy Now | 18.21% | Cantor Fitzgerald | Deepak Mathivanan81% | $120 → $120 | Reiterates | Neutral → Neutral | Get Alert |
| 02/12/2025 | Buy Now | 37.92% | Canaccord Genuity | David Hynes64% | $125 → $140 | Maintains | Buy | Get Alert |
| 02/12/2025 | Buy Now | 47.77% | Oppenheimer | Ken Wong72% | $130 → $150 | Maintains | Outperform | Get Alert |
| 02/12/2025 | Buy Now | 2.45% | Piper Sandler | Clarke Jeffries59% | $94 → $104 | Maintains | Neutral | Get Alert |
| 02/11/2025 | Buy Now | 72.4% | Citigroup | Tyler Radke69% | $143 → $175 | Maintains | Buy | Get Alert |
| 01/22/2025 | Buy Now | 28.07% | RBC Capital | Paul Treiber66% | $130 → $130 | Reiterates | Outperform → Outperform | Get Alert |
| 01/06/2025 | Buy Now | 23.14% | Wedbush | Scott Devitt82% | $115 → $125 | Upgrade | Neutral → Outperform | Get Alert |
| 12/12/2024 | Buy Now | 18.21% | JMP Securities | Andrew Boone78% | $120 → $120 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 12/06/2024 | Buy Now | 18.21% | JMP Securities | Andrew Boone78% | $120 → $120 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 12/06/2024 | Buy Now | 37.92% | Loop Capital | Anthony Chukumba51% | → $140 | Upgrade | Hold → Buy | Get Alert |
| 11/26/2024 | Buy Now | -2.47% | MoffettNathanson | Michael Morton60% | $86 → $99 | Maintains | Neutral | Get Alert |
| 11/13/2024 | Buy Now | 28.07% | Oppenheimer | Ken Wong72% | $90 → $130 | Maintains | Outperform | Get Alert |
| 11/13/2024 | Buy Now | 18.21% | Wells Fargo | Andrew Bauch54% | $90 → $120 | Maintains | Overweight | Get Alert |
| 11/13/2024 | Buy Now | 18.21% | JMP Securities | Andrew Boone78% | $80 → $120 | Maintains | Market Outperform | Get Alert |
| 11/13/2024 | Buy Now | 8.36% | Truist Securities | Terry Tillman62% | $65 → $110 | Maintains | Hold | Get Alert |
| 11/13/2024 | Buy Now | 32.99% | Goldman Sachs | Gabriela Borges68% | $88 → $135 | Maintains | Buy | Get Alert |
| 11/13/2024 | Buy Now | -8.38% | Barclays | Trevor Young66% | $70 → $93 | Maintains | Equal-Weight | Get Alert |
| 11/13/2024 | Buy Now | 28.07% | Keybanc | Josh Beck77% | $80 → $130 | Maintains | Overweight | Get Alert |
| 11/13/2024 | Buy Now | 28.07% | RBC Capital | Paul Treiber66% | $100 → $130 | Maintains | Outperform | Get Alert |
| 11/13/2024 | Buy Now | 23.14% | Canaccord Genuity | David Hynes64% | $80 → $125 | Maintains | Buy | Get Alert |
| 11/13/2024 | Buy Now | 3.44% | Mizuho | Siti Panigrahi63% | $68 → $105 | Maintains | Neutral | Get Alert |
| 11/13/2024 | Buy Now | 24.13% | Baird | Colin Sebastian78% | $90 → $126 | Maintains | Outperform | Get Alert |
| 11/13/2024 | Buy Now | -7.4% | Piper Sandler | Clarke Jeffries59% | $67 → $94 | Maintains | Neutral | Get Alert |
| 10/24/2024 | Buy Now | -21.19% | Scotiabank | Kevin Krishnaratne40% | $75 → $80 | Maintains | Sector Perform | Get Alert |
| 10/18/2024 | Buy Now | -1.49% | RBC Capital | Paul Treiber66% | $85 → $100 | Maintains | Outperform | Get Alert |
| 10/09/2024 | Buy Now | -11.34% | Loop Capital | Anthony Chukumba51% | $80 → $90 | Maintains | Hold | Get Alert |
| 10/09/2024 | Buy Now | -11.34% | Baird | Colin Sebastian78% | $79 → $90 | Maintains | Outperform | Get Alert |
| 10/01/2024 | Buy Now | -31.04% | Barclays | Trevor Young66% | $65 → $70 | Maintains | Equal-Weight | Get Alert |
| 09/30/2024 | Buy Now | 1.47% | Citigroup | Tyler Radke69% | $90 → $103 | Maintains | Buy | Get Alert |
| 09/30/2024 | Buy Now | -31.04% | Cantor Fitzgerald | Deepak Mathivanan81% | $70 → $70 | Reiterates | Neutral → Neutral | Get Alert |
| 09/23/2024 | Buy Now | -31.04% | Cantor Fitzgerald | Deepak Mathivanan81% | $70 → $70 | Reiterates | Neutral → Neutral | Get Alert |
| 09/17/2024 | Buy Now | -2.47% | Redburn Atlantic | Dominic Ball62% | → $99 | Upgrade | Neutral → Buy | Get Alert |
| 09/11/2024 | Buy Now | -11.34% | Wells Fargo | Andrew Bauch54% | $80 → $90 | Maintains | Overweight | Get Alert |
| 09/10/2024 | Buy Now | -21.19% | JMP Securities | Andrew Boone78% | $80 → $80 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 09/05/2024 | Buy Now | -31.04% | Cantor Fitzgerald | Deepak Mathivanan81% | → $70 | Initiates | → Neutral | Get Alert |
| 08/29/2024 | Buy Now | -34% | Piper Sandler | Clarke Jeffries59% | $67 → $67 | Maintains | Neutral | Get Alert |
| 08/20/2024 | Buy Now | -25.13% | JP Morgan | Reginald Smith54% | $74 → $76 | Maintains | Overweight | Get Alert |
| 08/16/2024 | Buy Now | -21.19% | Loop Capital | Anthony Chukumba51% | $68 → $80 | Maintains | Hold | Get Alert |
| 08/08/2024 | Buy Now | -16.26% | RBC Capital | Paul Treiber66% | $85 → $85 | Reiterates | Outperform → Outperform | Get Alert |
| 08/08/2024 | Buy Now | -21.19% | JMP Securities | Andrew Boone78% | $80 → $80 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 08/08/2024 | Buy Now | -11.34% | Citigroup | Tyler Radke69% | $97 → $90 | Maintains | Buy | Get Alert |
| 08/08/2024 | Buy Now | -35.97% | Barclays | Trevor Young66% | $63 → $65 | Maintains | Equal-Weight | Get Alert |
| 08/08/2024 | Buy Now | -16.26% | Deutsche Bank | Bhavin Shah55% | $80 → $85 | Maintains | Buy | Get Alert |
| 08/08/2024 | Buy Now | — | Benchmark | Mark Zgutowicz61% | — | Reiterates | → Hold | Get Alert |
| 08/08/2024 | Buy Now | -22.18% | Roth MKM | Darren Aftahi43% | $77 → $79 | Maintains | Buy | Get Alert |
| 08/08/2024 | Buy Now | -26.12% | UBS | Timothy Chiodo61% | $71 → $75 | Maintains | Neutral | Get Alert |
| 08/08/2024 | Buy Now | -21.19% | Wells Fargo | Andrew Bauch54% | $75 → $80 | Maintains | Overweight | Get Alert |
| 08/08/2024 | Buy Now | -21.19% | Evercore ISI Group | Mark Mahaney82% | $75 → $80 | Maintains | Outperform | Get Alert |
| 08/08/2024 | Buy Now | -35.97% | Truist Securities | Terry Tillman62% | $55 → $65 | Maintains | Hold | Get Alert |
| 08/08/2024 | Buy Now | -16.26% | Morgan Stanley | Keith Weiss76% | $80 → $85 | Maintains | Overweight | Get Alert |
| 08/06/2024 | Buy Now | — | Benchmark | Mark Zgutowicz61% | — | Reiterates | → Hold | Get Alert |
| 07/24/2024 | Buy Now | -34% | Piper Sandler | Clarke Jeffries59% | $63 → $67 | Maintains | Neutral | Get Alert |
| 07/16/2024 | Buy Now | -21.19% | Wolfe Research | Shweta Khajuria57% | → $80 | Initiates | → Outperform | Get Alert |
| 07/16/2024 | Buy Now | -19.22% | B of A Securities | Brad Sills72% | $78 → $82 | Upgrade | Neutral → Buy | Get Alert |
| 06/26/2024 | Buy Now | -5.43% | Citigroup | Tyler Radke69% | $95 → $96 | Maintains | Buy | Get Alert |
| 06/14/2024 | Buy Now | -26.12% | Evercore ISI Group | Mark Mahaney82% | $75 → $75 | Upgrade | In-Line → Outperform | Get Alert |
| 06/11/2024 | Buy Now | -27.1% | JP Morgan | Reginald Smith54% | → $74 | Initiates | → Overweight | Get Alert |
| 06/06/2024 | Buy Now | -35.97% | MoffettNathanson | Michael Morton60% | $74 → $65 | Downgrade | Buy → Neutral | Get Alert |
| 05/28/2024 | Buy Now | -27.1% | Goldman Sachs | Gabriela Borges68% | $67 → $74 | Maintains | Buy | Get Alert |
| 05/22/2024 | Buy Now | -27.1% | Goldman Sachs | Gabriela Borges68% | $67 → $74 | Upgrade | Neutral → Buy | Get Alert |
| 05/09/2024 | Buy Now | -26.12% | Scotiabank | Kevin Krishnaratne40% | $80 → $75 | Maintains | Sector Perform | Get Alert |
| 05/09/2024 | Buy Now | -17.25% | DA Davidson | Gil Luria62% | $90 → $84 | Maintains | Buy | Get Alert |
| 05/09/2024 | Buy Now | -29.07% | TD Securities | Daniel Chan79% | $80 → $72 | Maintains | Hold | Get Alert |
| 05/09/2024 | Buy Now | -16.26% | CIBC | Todd Coupland72% | $100 → $85 | Maintains | Outperformer | Get Alert |
| 05/09/2024 | Buy Now | -21.19% | Canaccord Genuity | David Hynes64% | $90 → $80 | Maintains | Buy | Get Alert |
| 05/09/2024 | Buy Now | -21.19% | JMP Securities | Andrew Boone78% | → $80 | Upgrade | Market Perform → Market Outperform | Get Alert |
| 05/09/2024 | Buy Now | -6.41% | Citigroup | Tyler Radke69% | $105 → $95 | Maintains | Buy | Get Alert |
| 05/09/2024 | Buy Now | -16.26% | RBC Capital | Paul Treiber66% | $100 → $85 | Maintains | Outperform | Get Alert |
| 05/09/2024 | Buy Now | -26.12% | Wells Fargo | Andrew Bauch54% | $85 → $75 | Maintains | Overweight | Get Alert |
| 05/09/2024 | Buy Now | -21.19% | Deutsche Bank | Bhavin Shah55% | $95 → $80 | Maintains | Buy | Get Alert |
| 05/09/2024 | Buy Now | -37.94% | Barclays | Trevor Young66% | $68 → $63 | Maintains | Equal-Weight | Get Alert |
| 05/09/2024 | Buy Now | -34% | Goldman Sachs | Gabriela Borges68% | $75 → $67 | Maintains | Neutral | Get Alert |
| 05/09/2024 | Buy Now | -35.97% | Mizuho | Siti Panigrahi63% | $75 → $65 | Maintains | 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 May 9, 2025. The analyst firm set a price target for $110.00 expecting SHOP to rise to within 12 months (a possible 8.36% upside). 86 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 June 6, 2024 when MoffettNathanson changed their price target from $74 to $65 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 May 9, 2025 so you should expect the next rating to be made available sometime around May 9, 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 $125.00 to $110.00. The current price Shopify (SHOP) is trading at is $101.51, which is out of the analyst’s predicted range.
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