SHOP Shopify Inc.
Trend channel, buy level and 3-month target. Information only, not financial advice.
Inside the channel · 9-month channel rising
Price is between the lines.
- 9-month channel read from
- US$137.50 – US$186.83 · rising, +57% a year
- 12-month channel
- US$137.19 – US$185.43 · falling, −5% a year
- Price in channel
- 40% (0% = floor, 100% = ceiling)
- Ceiling overhead
- US$185.43
- Turns bearish below
- US$137.50
Price history, with the path projected 3 months forward
Updated 3:15 AM ET (8 h ago)
- Daily close
- Upper trend line (9 months)
- Lower trend line (9 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy at or below
US$145.30
level as at 25 Nov 2026
Our target
US$181.62
by 4 Dec 2026
Projected move
25.0%
gross, before costs
Price is between our buy and target.
Target: SHOP's usual move size (25.0%), the best return per day on this path.
This move size: reached in 27% of 10 past stretches, typically in 70 days. (0.36% per day)
7 settled calls · 5 reached target (71.4%) · average best move 16.9%. See the full record.
- Upper line touches
- 2
- Lower line touches
- 3
- Fit confidence
- 62%
- Fitted
- 1 Nov 2026
Company information
About Shopify Inc.
Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.
- Sector
- Technology
- Industry
- Software - Application
- CEO
- Tobias Lutke
- Employees
- 7,600
- Country
- CA
Scorecard
Our own scores from the fundamentals below (not Morningstar ratings).
- Valuation
- 0/100
- Profitability
- 48/100
- Financial health
- 66/100
- Cash generation
- 31/100
Key statistics
- Market cap
- US$221.70B
- Enterprise value
- US$220.23B
- Beta
- 2.63
- Avg volume
- 9.16M
- Revenue per share
- 10.24
- Dividend yield
- 0.00%
- 52-week range
- 94-182.19
- Exchange
- NASDAQ
Key ratios
- P/E (TTM)
- 114.66
- PEG
- -6.49
- Price / sales
- 16.71
- Price / book
- 17.45
- EV / EBITDA
- 91.95
- Gross margin
- 47.77%
- Operating margin
- 13.90%
- Net margin
- 14.53%
- Current ratio
- 5.35
- Quick ratio
- 5.35
- Debt / equity
- 0.01
- Interest cover
- 0.00
Income statement
| Year | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 | US$11.56B | US$5.55B | US$1.47B | US$1.23B | US$0.94 |
| 2024 | US$8.88B | US$4.47B | US$1.07B | US$2.02B | US$1.55 |
| 2023 | US$7.06B | US$3.52B | -US$1.42B | US$132.00M | US$0.10 |
| 2022 | US$5.60B | US$2.75B | -US$822.00M | -US$3.46B | -US$2.73 |
| 2021 | US$4.61B | US$2.48B | US$268.64M | US$2.91B | US$2.27 |
Balance sheet
| Year | Total assets | Total liabilities | Total equity |
|---|---|---|---|
| 2025 | US$15.19B | US$1.72B | US$13.47B |
| 2024 | US$13.92B | US$2.37B | US$11.56B |
| 2023 | US$11.30B | US$2.23B | US$9.07B |
| 2022 | US$10.76B | US$2.52B | US$8.24B |
| 2021 | US$13.34B | US$2.21B | US$11.13B |
Cash flow
| Year | Operating cash flow | Free cash flow | Net income |
|---|---|---|---|
| 2025 | US$2.03B | US$2.01B | US$1.23B |
| 2024 | US$1.62B | US$1.60B | US$2.02B |
| 2023 | US$944.00M | US$905.00M | US$132.00M |
| 2022 | -US$136.00M | -US$186.00M | -US$3.46B |
| 2021 | US$535.71M | US$484.92M | US$2.91B |
EPS forecasts
| Period | Est. EPS | Est. revenue | Analysts |
|---|---|---|---|
| 2025 | US$1.46 | US$11.55B | 26 |
| 2026 | US$1.89 | US$15.05B | 27 |
| 2027 | US$2.44 | US$18.95B | 27 |
| 2028 | US$3.34 | US$23.90B | 14 |
| 2029 | US$4.14 | US$28.57B | 7 |
| 2030 | US$5.07 | US$33.72B | 11 |
Analyst view
- Target (mean)
- US$168.63
- Target (high)
- US$200.00
- Target (low)
- US$130.00
- Strong buy
- 0
- Buy
- 43
- Hold
- 18
- Sell
- 3
Trend lines are fitted to past swing highs and lows and may not continue. Information only, not financial advice.