77/100BShopify stock forecast 2026–2030
Analysts' average 12-month price target for Shopify is 175.11, 22.8% above the current price of 142.65. Their targets range from 130.00 to 210.00.
Of the 29 firms that rated Shopify in the past 12 months, 24 rate it buy or strong buy, 5 hold and 0 sell or strong sell (each firm at its latest rating); on average they come to Buy.
Analysts' 1-year price targets range from 130.00 to 210.00, with an average of 175.11.
| Strong buy | 0 | |
| Buy | 24 | |
| Hold | 5 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 210.00 |
| Average target | 175.11 |
| Lowest target | 130.00 |
| Current price | 142.65 |
Shopify price target history
Analysts' average price target for Shopify has fallen 3.4% over the past year, from 181.20 to 175.11. Each is the average of every firm's latest target from the six months before: 19 firms now, 15 a year ago.
Each day: the average of every firm's latest target from the six months before, adjusted for splits, from the price targets analysts published. The table gives each month end.
How analysts rate Shopify, month by month
24 of 29 firms rate it buy now, against 18 of 28 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Shopify analyst upgrades, downgrades and price targets
The latest rating change came on 21 July 2026, when Rothschild & Co downgraded Shopify from Buy to Neutral. The most recent new target came from D.A. Davidson on 3 November 2026: 180.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 3 Nov 2026 | D.A. Davidson Gil Luria | — | 200.00 → 180.00 | -10.0% | 142.60 |
| 23 Oct 2026 | Oppenheimer | Reiterated · Outperform | 175.00 → 205.00 | +17.1% | 168.81 |
| 14 Oct 2026 | Robert W. Baird | — | 150.00 → 190.00 | +26.7% | 176.52 |
| 14 Oct 2026 | Stifel Nicolaus Parker Lane | — | 150.00 → 210.00 | +40.0% | 176.52 |
| 12 Oct 2026 | Cantor Fitzgerald | Reiterated · Neutral | 145.00 → 158.00 | +9.0% | 170.85 |
| 8 Oct 2026 | Seaport Global Jeff Cantwell | — | 175.00 → 180.00 | +2.9% | 166.16 |
| 24 Sept 2026 | Mizuho Securities Siti Panigrahi | — | 150.00 → 180.00 | +20.0% | 142.34 |
| 10 Sept 2026 | Bernstein Mark Shmulik | — | 160.00 | — | 126.60 |
| 8 Sept 2026 | Piper Sandler James Callahan | Reiterated · Overweight | 150.00 → 180.00 | +20.0% | 145.09 |
| 17 Aug 2026 | Seaport Global | — | 175.00 | — | 150.25 |
| 7 Aug 2026 | Wells Fargo | Reiterated · Overweight | 191.00 → 180.00 | -5.8% | 147.44 |
| 6 Aug 2026 | D.A. Davidson | — | 140.00 → 200.00 | +42.9% | 145.67 |
| 6 Aug 2026 | Cantor Fitzgerald Deepak Mathivanan | Reiterated · Neutral | 126.00 → 145.00 | +15.1% | 144.24 |
| 6 Aug 2026 | RBC Capital Paul Treiber | Reiterated · Outperform | 170.00 → 180.00 | +5.9% | 144.24 |
| 6 Aug 2026 | UBS | Reiterated · Neutral | 130.00 → 145.00 | +11.5% | 144.24 |
| 6 Aug 2026 | Goldman Sachs Gabriela Borges | Reiterated · Buy | 194.00 | — | 144.24 |
| 6 Aug 2026 | Barclays | Reiterated · Equal Weight | 126.00 → 145.00 | +15.1% | 144.24 |
| 5 Aug 2026 | Canaccord Genuity David Hynes | — | 165.00 → 180.00 | +9.1% | 144.24 |
| 5 Aug 2026 | Jefferies Samad Samana | — | 160.00 → 175.00 | +9.4% | 144.24 |
| 5 Aug 2026 | Truist Financial | — | 150.00 → 180.00 | +20.0% | 144.24 |
| 5 Aug 2026 | Evercore ISI | — | 135.00 → 175.00 | +29.6% | 147.67 |
| 21 Jul 2026 | Redburn Partners Dominic Ball | — | 130.00 | — | 124.48 |
| 21 Jul 2026 | Rothschild & Co | Downgraded · Buy → Neutral | — | — | — |
| 13 Jul 2026 | Jefferies | Upgraded · Hold → Buy | — | — | — |
| 12 Jul 2026 | Jefferies Samad Samana | — | 140.00 → 160.00 | +14.3% | 122.54 |
| 10 Jul 2026 | Stifel | Upgraded · Hold → Buy | — | — | — |
| 9 Jul 2026 | Stifel Nicolaus | — | 115.00 → 150.00 | +30.4% | 123.17 |
| 6 May 2026 | UBS | Reiterated · Neutral | 195.00 → 130.00 | -33.3% | 106.86 |
| 6 May 2026 | D.A. Davidson | — | 195.00 → 140.00 | -28.2% | 107.76 |
| 6 May 2026 | Oppenheimer Ken Wong | — | 200.00 → 175.00 | -12.5% | 107.63 |
| 6 May 2026 | Robert W. Baird Colin Sebastian | — | 160.00 → 150.00 | -6.3% | 107.63 |
| 6 May 2026 | Barclays | Reiterated · Equal Weight | 130.00 → 126.00 | -3.1% | 107.63 |
| 5 May 2026 | Jefferies Samad Samana | — | 150.00 → 140.00 | -6.7% | 107.63 |
| 5 May 2026 | Piper Sandler James Callahan | — | 150.00 | — | 105.75 |
| 8 Mar 2026 | Jefferies Samad Samana | — | 125.00 → 150.00 | +20.0% | 130.20 |
| 17 Feb 2026 | Truist Financial | Upgraded · Hold → Buy | 155.00 → 150.00 | -3.2% | 112.70 |
| 16 Feb 2026 | Jefferies Samad Samana | — | 110.00 → 125.00 | +13.6% | 112.70 |
| 12 Feb 2026 | Deutsche Bank Bhavin Shah | — | 175.00 | — | 110.00 |
| 12 Feb 2026 | CIBC | — | 200.00 → 185.00 | -7.5% | 105.87 |
| 12 Feb 2026 | RBC Capital | Reiterated · Outperform | 200.00 → 170.00 | -15.0% | 106.29 |
| 12 Feb 2026 | Wedbush | Reiterated · Outperform | 110.00 → 160.00 | +45.5% | 105.58 |
| 12 Feb 2026 | Cantor Fitzgerald Deepak Mathivanan | Reiterated · Neutral | 181.00 → 126.00 | -30.4% | 109.71 |
| 12 Feb 2026 | BMO Capital | Reiterated · Outperform | 150.00 → 160.00 | +6.7% | 111.55 |
| 12 Feb 2026 | Robert W. Baird | — | 160.00 | — | 110.70 |
| 12 Feb 2026 | Barclays Trevor Young | Reiterated · Equal Weight | 140.00 → 130.00 | -7.1% | 109.91 |
| 12 Feb 2026 | Wells Fargo | Reiterated · Overweight | 198.00 → 191.00 | -3.5% | 118.99 |
| 12 Feb 2026 | Canaccord Genuity David Hynes | — | 185.00 → 165.00 | -10.8% | 118.99 |
| 12 Feb 2026 | Mizuho Securities Siti Panigrahi | Upgraded · Neutral → Outperform | 150.00 | — | 118.99 |
| 11 Feb 2026 | Stifel Nicolaus Parker Lane | — | 175.00 → 115.00 | -34.3% | 118.71 |
| 11 Feb 2026 | Evercore ISI | — | 135.00 | — | 118.71 |
Shopify EPS and revenue estimates
Revenue
EPS
Does Shopify beat earnings estimates?
On average, analysts' EPS estimate was 11.8% off the result, either way, and their revenue estimate 2.4%, over the last 12 quarters.
- EPS beats
- 29 / 46
- Revenue beats
- 29 / 46
- Average EPS surprise, last 12
- +9.6%
- Since
- July 2015
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 3 Nov 2026 | 0.46 | 0.49 | +6.2% | 3.70B | 3.68B | -0.6% |
| Q2 FY2026 | 5 Aug 2026 | 0.40 | 0.42 | +5.7% | 3.40B | 3.54B | +4.2% |
| Q1 FY2026 | 5 May 2026 | 0.33 | 0.36 | +10.4% | 3.06B | 3.11B | +1.4% |
| Q4 FY2025 | 11 Feb 2026 | 0.51 | 0.46 | -9.1% | 3.60B | 3.64B | +1.0% |
| Q3 FY2025 | 4 Nov 2025 | 0.34 | 0.34 | +1.0% | 2.75B | 2.84B | +3.4% |
| Q2 FY2025 | 6 Aug 2025 | 0.29 | 0.35 | +20.2% | 2.58B | 2.68B | +3.9% |
| Q1 FY2025 | 8 May 2025 | 0.26 | 0.25 | -3.8% | 2.53B | 2.36B | -6.5% |
| Q4 FY2024 | 11 Feb 2025 | 0.43 | 0.44 | +1.8% | 2.70B | 2.81B | +4.0% |
| Q3 FY2024 | 12 Nov 2024 | 0.28 | 0.36 | +29.3% | 2.15B | 2.16B | +0.5% |
| Q2 FY2024 | 7 Aug 2024 | 0.20 | 0.26 | +27.1% | 2.02B | 2.05B | +1.2% |
| Q1 FY2024 | 8 May 2024 | 0.17 | 0.20 | +16.5% | 1.86B | 1.86B | +0.2% |
| Q4 FY2023 | 13 Feb 2024 | 0.31 | 0.34 | +10.2% | 2.12B | 2.14B | +1.3% |
Shopify stock price 2026–2030: scenarios
If Shopify's earnings keep growing at the 34.4% a year analysts expect to FY2028, it would earn about 6.15 a share in FY2030. At the P/E it has traded at over the last five years (59.4 to 779.0) that is 364.93 to 4,788.25 a share, or 1,653.41 at its average P/E of 269.0. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 1.92 | 114.20 | 517.41 | 1,498.41 |
| FY2027 | 2.49 | 147.97 | 670.41 | 1,941.49 |
| FY2028 | 3.40 | 201.93 | 914.90 | 2,649.55 |
| FY2029 (extrapolated) | 4.57 | 271.46 | 1,229.92 | 3,561.84 |
| FY2030 (extrapolated) | 6.15 | 364.93 | 1,653.41 | 4,788.25 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 34.4% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (59.4, 269.0, 779.0).