Shopify Inc. (SHOP) Stock Forecast
SHOP analyst forecast
as of October 18, 2026- Analyst consensus
- Buy 4.31 / 5 from 54 analysts
- Price target
- $175.71 average of analyst targets
- Upside to target
- +3.7% from the latest close
- Next earnings
- November 3, 2026 EPS estimate $0.33
- 52-week range
- $95.40 – $179.22
SHOP analyst ratings
54 analystsNumber of analysts at each rating.
SHOP price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
SHOP earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $0.46 | $0.39 | $0.52 | $0.34 | +35.1% | 33 |
| Current fiscal year (2026) | $1.91 | $1.71 | $2.16 | $1.43 | +33.6% | 40 |
| Next fiscal year (2027) | $2.46 | $1.97 | $2.93 | $1.91 | +28.5% | 40 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
SHOP revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Current quarter (Sep '26) | $3.74B | $3.65B | $3.81B | +31.6% | 44 |
| Current fiscal year (2026) | $15.25B | $14.87B | $15.49B | +32.0% | 49 |
| Next fiscal year (2027) | $19.21B | $17.80B | $21.24B | +25.9% | 50 |
SHOP EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
SHOP revenue: reported and forecast
SHOP EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $0.44 | $0.46 | $0.46 | $0.46 | $0.46 | +3.5% | 2 up · 1 down |
| Current fiscal year (2026) | $1.85 | $1.90 | $1.91 | $1.91 | $1.91 | +3.5% | 3 up · 0 down |
| Next fiscal year (2027) | $2.34 | $2.44 | $2.45 | $2.45 | $2.46 | +4.9% | 3 up · 1 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
SHOP earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; SHOP beat in 10 of 12.
What analysts expect from SHOP
54 analysts cover Shopify; their consensus rating is buy (4.31 on a 1–5 scale, where 5 is a strong buy). The average price target is $175.71, 3.7% above the latest close of $169.52. Analysts expect earnings of $1.91 per share for 2026, +33.6% from a year earlier. For 2027 the average estimate is $2.46 per share on revenue of $19.2 billion. Shopify beat the EPS estimate in 10 of the last 12 quarters.
Related: SHOP income statement, SHOP key metrics, SHOP chart. See the SHOP stock overview for the latest quote and news.
SHOP forecast FAQ
What is Shopify's price target?
The average analyst price target for Shopify is $175.71, 3.7% above the latest close of $169.52.
Is Shopify a buy, hold or sell?
Of 54 analysts covering Shopify, 31 rate it a strong buy, 11 a buy, 11 a hold, 0 a sell and 1 a strong sell, a consensus of buy. Ratings are opinions, not a recommendation from Quotelinks.
What is Shopify's EPS forecast?
Analysts forecast $1.91 per share for 2026 (range $1.71 to $2.16); for 2027 the estimate is $2.46.
What is Shopify's revenue forecast?
The average revenue estimate for 2026 is $15.3 billion, growth of 32.0%; for 2027 it is $19.2 billion.
When does Shopify report earnings?
Shopify is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens; the EPS estimate is $0.33.
Does Shopify usually beat earnings estimates?
Shopify reported EPS at or above the analyst estimate in 10 of the last 12 quarters.