SHOP

Shopify Inc. Class A Subordinate Voting Shares (SHOP)

Stock · NASDAQ · Technology

$169.51as of 10/16/2026

AI Market Commentary

AI-generatedAll commentary →

Synthesized from recent news and fundamentals/technical data -- not human analyst commentary or trader sentiment.

October 16, 2026

RBC raises Shopify price target to $200 on growth outlook. RBC Capital Markets raised its price target for Shopify to $200, citing a sustained growth outlook. This move supports the stock's recent strength, with the average analyst target now sitting at $175.71. The company continues to explore AI-driven commerce opportunities, contributing to its high valuation relative to peers.

Active signals

Support level
$106.97
Industry
Computer Software: Prepackaged Software

What SHOP's price did in the 20 trading sessions after each past signal, compared with any 20-session window over the same period.

SignalTimesMedian 20-session returnHigher after 20 sessions
Bollinger Band Breakout32-1.5%47%
Volume Spike27+1.7%56%
Bollinger Band Breakdown16+8.3%75%
200-Day Moving Average TouchActive now9-1.7%44%
Any 20-session window (baseline)+3.6%58%

Computed by MarketWall from daily closing prices since May 18, 2022. Returns are close-to-close and don't include dividends. Past results describe what happened before; they are not a forecast and not investment advice.

About SHOP

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, lever…

Sector
Technology
Industry
Computer Software: Prepackaged Software
Employees
7,600

Fundamentals

1-day range
$167.34$180.41
Market cap
$191.05B
P/E (trailing)
115.98
P/E (forward)
69.04
EPS (trailing)
$1.48
Dividend yield
—
Beta
2.71
Avg. volume
9.64M
52-week range
$94$182.19
Next earnings: November 3, 2026 · EPS estimate $0.46Before Openconfirmed

How Shopify Inc. Class A Subordinate Voting Shares Makes Money

Where the revenue actually goes — FY2025 annual results

market-wall.comTotalRevenue$11.56BNet Income$1.23B (11%)Cost of Revenue$6.00B (52%)SG&A$2.13B (18%)R&D$1.54B (13%)Other$376.00M (3%)Tax$278.00M (2%)SHOP

Source: 10-K filed Feb 11, 2026 · via SEC EDGAR / Finnhub

Gross Profit$5.55B(48%)
Operating Income$1.47B(13%)

Forecasts

48 analyst ratings

Buy 77%
Hold 21%
Sell 2%
1-year price forecast
High
$220
+29.8%
Median
$179.5
+5.9%
Low
$120
-29.2%

Shopify Inc. Class A Subordinate Voting Shares Competitors

Chosen by industry and closest market cap.

  • SHOP
    Shopify Inc. Class A Subordinate Voting Shares
    $169.52
    ▼ 4.84%
    Market cap $191.05BP/E 115.98
    $94$182.19
  • CRWD
    CrowdStrike Holdings Inc. Class A Common Stock
    $227.39
    ▼ 7.02%
    Market cap $211.18BP/E 4383.86
    $85.68$286.99
  • CRM
    Salesforce Inc. Common Stock
    $240.7
    ▼ 2.45%
    Market cap $152.96BP/E 20.48
    $146.32$269.11
  • SAP
    SAP SE ADS
    $224.29
    ▼ 0.32%
    Market cap $245.04BP/E 29.49
    $127.5$244.3
  • NOW
    ServiceNow Inc. Common Stock
    $141.97
    ▼ 4.44%
    Market cap $121.34BP/E 86.67
    $81.24$192.97
  • SNOW
    Snowflake Inc. Common Stock
    $306.84
    ▼ 8.43%
    Market cap $110.22BP/E —
    $118.3$384.56
  • ADBE
    Adobe Inc. Common Stock
    $245.2
    ▼ 2.57%
    Market cap $103.45BP/E 13.45
    $190.12$363.7

P/E shows — for peers not currently carrying a live signal of their own.

Latest news

Institutional Ownership

March 31, 2026

Total shares held
825.71M
Total value held
$94.26B
Institutional holders
1710
Top holders this quarter
  • Unknown50.06M
  • Unknown45.83M
  • Unknown33.74M
  • Unknown33.70M
  • Unknown29.02M
  • Unknown25.02M
  • Unknown24.70M
  • Unknown21.93M
  • Unknown18.23M
  • Unknown17.25M

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