Equites Radar

SHOP · Shopify Inc.

Software - ApplicationCanadaAnalyst view: Buy

$128.79

+1.73% last session

End-of-day data · close of 2026-09-11

Mildly bearish1 bullish · 3 bearish technical signals
Consensus: Buy (1.69 from 48 analysts)
To mean target: +35.1%

Market cap

$166B

Enterprise value

$161B

Trailing P/E

87.0

Forward P/E

52.4

Dividend yield

Beta

2.62

Avg volume

9M

Employees

8K

Daily Change %

1.73%

5 Days Change

-12.74%

10 Days Change

-9.46%

30 Days Change

-15.83%

60 Days Change

1.49%

Month to Day Change

-9.46%

Year to Day Change

-21.35%

Analyst Outlook

Consensus ratingBuy
Recommendation mean (1–5)1.69
Covering analysts48
Mean price target$171.08
Low price target$110.00
Upside to mean target+35.1%

Analyst estimates change daily — follow the shifts on the Estimate Trends page.

Technical Analysis

RSI (14)39.3
50-day MA$135.14
200-day MA$130.99
Price vs 50-day MA-4.7%
Price vs 200-day MA-1.7%
MACD histogram-3.49
Volume vs 3-month avg1.2×
52w low $95.4052w high $179.01

Analyst sentiment over time — SHOP

Rec Mean (blue, left — higher = more bullish) vs. price targets (right).

Investment Bank Ratings as of 2026-09-11

Latest call per bank · past 12 months

Wells Fargo

Overweight

$180

+42.2% vs price
▲ raised from $144Maintains · 2026-08-07

UBS

Neutral

$145

+14.5% vs price
▲ raised from $130Maintains · 2026-08-06

RBC Capital

Outperform

$180

+42.2% vs price
▲ raised from $170Maintains · 2026-08-06

Barclays

Equal-Weight

$145

+14.5% vs price
▲ raised from $126Maintains · 2026-08-06

Goldman Sachs

Buy

$194

+53.2% vs price
▲ raised from $170Maintains · 2026-08-06

Citigroup

Buy

$150

+18.5% vs price
▼ cut from $156Maintains · 2026-07-24

Jefferies

Buy

$160

+26.4% vs price
▲ raised from $140Upgrade · 2026-07-13

JP Morgan

Overweight

$180

+42.2% vs price
▲ raised from $179Maintains · 2025-11-05

Morgan Stanley

Overweight

$192

+51.7% vs price
▲ raised from $165Maintains · 2025-11-05

Recent rating actions

DateFirmActionRatingPrice target
2026-09-11BernsteinInitiatesOutperform$0.00 $160
2026-09-08Piper SandlerReiteratesOverweight$172 $180
2026-08-20RosenblattInitiatesBuy$0.00 $175
2026-08-07Wells FargoMaintainsOverweight$144 $180
2026-08-06Canaccord GenuityMaintainsBuy$145 $180
2026-08-06DA DavidsonMaintainsBuy$140 $200
2026-08-06UBSMaintainsNeutral$130 $145
2026-08-06RBC CapitalMaintainsOutperform$170 $180

Ratings and price targets are the published opinions of the issuing banks, compiled from Yahoo Finance rating actions — not investment advice.

Signal Summary as of 2026-09-11

  • RSI (14): RSI is 39 — neutral momentum, neither overbought nor oversold.
  • Price vs 50-day MA: Trading 4.7% below the 50-day MA ($135.14).
  • Price vs 200-day MA: Trading 1.7% below the 200-day MA ($130.99).
  • MA cross: The 50-day MA sits above the 200-day MA (golden-cross regime) — the longer-term trend points up.
  • MACD (12,26,9): MACD histogram is negative (-3.49) — short-term momentum is fading.
  • 52-week range: Price sits between the 52-week low ($95.40) and high ($179.01).

SHOP Price Chart

Loading chart for SHOP

Fundamentals

Revenue (TTM)$13B
EBITDA$2.0B
Free cash flow$2.0B
Operating cash flow$2.0B
Book value / share$9.84
Net Debt / EBITDA-2.0
WACC22.0%
Revenue growth34.00%
Earnings growth68.00%

About Shopify Inc.

Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada.

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Data is sourced from end-of-day snapshots and refreshed daily before the US market open — nothing on this page is real-time. Figures can contain vendor errors. This page is for information only and is not investment advice.