Equites Radar

SHOP · Shopify Inc.

Software - ApplicationCanadaAnalyst view: Buy

$113.75

+2.68% last session

End-of-day data · updated 2026-07-28

Neutral2 bullish · 2 bearish technical signals
Consensus: Buy (1.69 from 46 analysts)
To mean target: +30.5%

Market cap

$165B

Enterprise value

$159B

Trailing P/E

124.4

Forward P/E

54.4

Dividend yield

Beta

2.58

Avg volume

10M

Employees

8K

2D change

5D change

13.29%

10D change

2.69%

30D change

8.57%

60D change

6.88%

MTD change

4.32%

YTD change

-21.18%

Analyst Outlook

Consensus ratingBuy
Recommendation mean (1–5)1.69
Covering analysts46
Mean price target$148.39
Low price target$105.00
Upside to mean target+30.5%

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

Technical Analysis

RSI (14)62.0
50-day MA$114.77
200-day MA$133.66
Price vs 50-day MA+13.5%
Price vs 200-day MA-2.5%
MACD histogram0.02
Volume vs 3-month avg0.9×
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 2026-07-24

Latest call per bank · past 12 months

Citigroup

Buy

$150

+31.9% vs price
▼ cut from $156Maintains · 2026-07-24

Jefferies

Buy

$160

+40.7% vs price
▲ raised from $140Upgrade · 2026-07-13

UBS

Neutral

$130

+14.3% vs price
▼ cut from $145Maintains · 2026-05-06

RBC Capital

Outperform

$170

+49.5% vs price
Reiterates · 2026-05-06

Barclays

Equal-Weight

$126

+10.8% vs price
▼ cut from $130Maintains · 2026-05-06

Wells Fargo

Overweight

$144

+26.6% vs price
▼ cut from $166Maintains · 2026-05-06

JP Morgan

Overweight

$180

+58.2% vs price
▲ raised from $179Maintains · 2025-11-05

Morgan Stanley

Overweight

$192

+68.8% vs price
▲ raised from $165Maintains · 2025-11-05

Goldman Sachs

Buy

$176

+54.7% vs price
▲ raised from $120Maintains · 2025-08-07

Recent rating actions

DateFirmActionRatingPrice target
2026-07-24CitigroupMaintainsBuy$156 $150
2026-07-21Rothschild & CoDowngradeBuyNeutral$160 $130
2026-07-13JefferiesUpgradeHoldBuy$140 $160
2026-07-10StifelUpgradeHoldBuy$110 $150
2026-05-06Canaccord GenuityMaintainsBuy$165 $145
2026-05-06UBSMaintainsNeutral$145 $130
2026-05-06CitigroupMaintainsBuy$163 $156
2026-05-06RBC CapitalReiteratesOutperform$170

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 2026-07-28

  • RSI (14): RSI is 62 — neutral momentum, neither overbought nor oversold.
  • Price vs 50-day MA: Trading 13.5% above the 50-day MA ($114.77).
  • Price vs 200-day MA: Trading 2.5% below the 200-day MA ($133.66).
  • MA cross: The 50-day MA sits below the 200-day MA (death-cross regime) — the longer-term trend points down.
  • MACD (12,26,9): MACD histogram is positive (+0.02) — short-term momentum is improving.
  • 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)$12B
EBITDA$2.0B
Free cash flow$1.0B
Operating cash flow$2.0B
Book value / share$9.61
Net debt / EBITDA-2.6
WACC21.0%
Revenue growth34.00%
Earnings growth

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.