| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
During the last three months, 9 analysts shared their evaluations of Shopify (NASDAQ:SHOP), revealing diverse outlooks from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 4 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 3 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $182.44, a high estimate of $200.00, and a low estimate of $156.00. Witnessing a positive shift, the current average has risen by 14.47% from the previous average price target of $159.38.

In examining recent analyst actions, we gain insights into how financial experts perceive Shopify. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Berg | Needham | Maintains | Buy | $180.00 | $180.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $185.00 | $165.00 |
| Austin Wurschmidt | Keybanc | Raises | Overweight | $200.00 | $175.00 |
| Ken Wong | Oppenheimer | Raises | Outperform | $200.00 | $180.00 |
| Paul Treiber | RBC Capital | Raises | Outperform | $200.00 | $170.00 |
| Daniel Chan | TD Cowen | Announces | Hold | $156.00 | - |
| Daniel Chan | TD Securities | Raises | Hold | $156.00 | $130.00 |
| Tyler Radke | Citigroup | Raises | Buy | $195.00 | $155.00 |
| Mark Mahaney | Evercore ISI Group | Raises | Outperform | $170.00 | $120.00 |
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Shopify's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Shopify analyst ratings.
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Shopify's revenue growth over a period of 3M has been noteworthy. As of 30 June, 2025, the company achieved a revenue growth rate of approximately 31.05%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Shopify's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 33.81% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Shopify's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 7.82%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Shopify's ROA excels beyond industry benchmarks, reaching 6.48%. This signifies efficient management of assets and strong financial health.
Debt Management: Shopify's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.09.
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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