Shopify Inc. (SHOP) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Buy
Based on 63 analysts44.0% Below Target
SHOP trades 44.0% below Wall Street's consensus target of $156.79.
Current Price$108.85
Average Target$156.79
Target
Current
Low$115.00
Median$155.00
High$200.00
Analyst Target Range
Forward P/E60.4x
(High Premium)
PEG Ratio2.06
(Pricey)
Implied Growth+76.4%
(High Growth)
Analyst Spread54.2%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes SHOP achieves its forward estimates and maintains a stable P/E multiple of 60.4x. This scenario reflects the blended consensus of 63 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
SHOP Price Target Analysis
Updated June 22, 2026As of June 22, 2026, Shopify Inc. (SHOP) has a Wall Street consensus price target of $156.79, based on estimates from 63 covering analysts. With the stock currently trading at $108.85, this represents a potential upside of +44.0%. The company has a market capitalization of $141.25B.
Analyst price targets range from a low of $115.00 to a high of $200.00, representing a 54% spread in expectations. The median target of $155.00 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 40 analysts rating the stock as a Buy or Strong Buy,20 rating it Hold, and 3 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, SHOP trades at a trailing P/E of 115.8x and forward P/E of 60.4x. The forward PEG ratio of 2.06 reflects a premium valuation. Analysts expect EPS to grow +76.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $80.09, with bear and bull scenarios of $50.45 and $105.52 respectively. Model confidence stands at 71/100, indicating high predictability in the company's fundamentals.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+48.1%
Industry Consensus
Avg Forward P/E
17.4x
(Fair)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 WIXWix.com Ltd. | $2.3B | $42.49 | $83.92 | +97.5% | Buy | 8.6x | 41 |
 GDDYGoDaddy Inc. | $10.3B | $77.04 | $111.63 | +44.9% | Buy | 10.8x | 38 |
 CARTInstacart (Maplebear Inc.) | $10.5B | $44.55 | $52.56 | +18.0% | Buy | 18.2x | 27 |
 PYPLPayPal Holdings, Inc. | $37.5B | $42.51 | $50.45 | +18.7% | Hold | 8.0x | 70 |
 BILLBill.com Holdings, Inc. | $3.2B | $32.47 | $51.56 | +58.8% | Buy | 12.3x | 32 |
 GLBEGlobal-e Online Ltd. | $5.6B | $32.84 | $41.20 | +25.5% | Buy | 29.0x | 14 |
 KVYOKlaviyo, Inc. | $4.0B | $13.25 | $31.41 | +137.1% | Buy | 15.6x | 22 |
 AMZNAmazon.com, Inc. | $2.6T | $244.39 | $307.77 | +25.9% | Buy | 27.8x | 94 |
 METAMeta Platforms, Inc. | $1.5T | $577.22 | $826.11 | +43.1% | Buy | 17.5x | 60 |
 GOOGLAlphabet Inc. | $4.5T | $368.03 | $411.80 | +11.9% | Buy | 25.9x | 83 |
SHOP — Frequently Asked Questions
Quick answers to the most common questions about buying SHOP stock.
What is the SHOP stock price target for 2026?
The consensus Wall Street price target for SHOP is $156.79, representing 44.0% upside from the current price of $108.85. With 63 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is SHOP a buy, sell, or hold?
SHOP has a consensus rating of "Buy" based on 63 Wall Street analysts. The rating breakdown is predominantly bullish, with 40 Buy/Strong Buy ratings. The consensus 12-month price target of $156.79 implies 44.0% upside from current levels.
Is SHOP stock overvalued or undervalued?
At a forward P/E of 60.3783x, SHOP trades at a premium valuation. The consensus price target of $156.79 (44.0% upside) suggests analysts still see growth justifying the multiple.
How high can SHOP stock go?
The most bullish Wall Street analyst has a price target of $200 for SHOP, while the most conservative target is $115. The consensus of $156.79 represents the median expectation. Our quantitative valuation model projects a bull case target of $106 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover SHOP stock?
SHOP is heavily covered by Wall Street, with 63 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 40 have Buy ratings, 20 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the SHOP stock forecast?
The 12-month SHOP stock forecast based on 63 Wall Street analysts shows a consensus price target of $156.79, with estimates ranging from $115 (bear case) to $200 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $80, with bear/bull scenarios of $50/$106.
What is SHOP's fair value based on fundamentals?
Our quantitative valuation model calculates SHOP's fair value at $80 (base case), with a bear case of $50 and bull case of $106. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 71/100.
What is SHOP's forward P/E ratio?
SHOP trades at a forward P/E ratio of 60.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 115.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy SHOP stock?
Wall Street analysts are very optimistic on SHOP, with a "Buy" consensus rating and $156.79 price target (44.0% upside). 40 of 63 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do SHOP price targets vary so much?
SHOP analyst price targets range from $115 to $200, a 54% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $156.79 consensus represents the middle ground. Our model's $50-$106 range provides an independent fundamental perspective.
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