Analyst firms · Wolfe Research · SHOP

Wolfe Research SHOP price target and rating history

Shopify Inc. (SHOP) · Technology

Wolfe Research rates Shopify Inc. (SHOP) Peer Perform with a $80 price target, as of its latest action on Jan 6, 2026. It has published 5 rating actions on SHOP since July 2021, including 0 upgrades and 2 downgrades. Across 11 firms with a SHOP price target in the last 12 months, the median target is $150.

Current rating

Peer Perform

Price target

$80

Median target, all firms

$150

Actions on SHOP

5

Wolfe Research price target on SHOP

Every Wolfe Research rating on SHOP

• Jan 6, 2026
  DowngradeWolfe Research downgrades to Peer Perform from Outperform
• Jul 16, 2024
  InitiateWolfe Research starts coverage at Outperform, price target $80
• Dec 7, 2022
  DowngradeWolfe Research downgrades to Peer Perform from Outperform
• Feb 17, 2022
  ReiterateWolfe Research cuts its price target to $1,100 from $1,500, keeps Outperform
• Jul 29, 2021
  ReiterateWolfe Research raises its price target to $1,980 from $1,500, keeps Outperform

How other firms rate SHOP

Each firm's latest rating and stated target in the last 12 months.

Questions about Wolfe Research and SHOP

What is Wolfe Research's price target for SHOP?

Wolfe Research's latest stated price target for Shopify Inc. (SHOP) is $80, from its action on Jul 16, 2024.

What is Wolfe Research's rating on SHOP?

Wolfe Research rates SHOP Peer Perform, a neutral rating, as of Jan 6, 2026.

When did Wolfe Research last change its view on SHOP?

On Jan 6, 2026, Wolfe Research downgrades to Peer Perform from Outperform.

How does Wolfe Research's SHOP target compare with other analysts?

Across 11 firms with a SHOP price target in the last 12 months, the median target is $150.

More SHOP rating histories

• Jefferies4
• Stifel4
• BofA Securities3
• Piper Sandler5
• Mizuho5
• MoffettNathanson4
• Scotiabank3
• BNP Paribas Exane6
• Loop Capital6
• Wedbush4
• DZ Bank7
• KeyBanc Capital Markets5
• Citigroup3
• Evercore ISI5
• Goldman Sachs3
• Citizens JMP4
• Morgan Stanley5
• UBS3
• Canaccord Genuity3
• Roth Capital6
• Atlantic Equities3
• Deutsche Bank4
• RBC Capital Markets4

All Wolfe Research ratingsSHOP news and filingsEvery analyst firm

From rating actions in the Quantisnow feed. A target holds until the firm states a new one; a reiteration with no target keeps the last one. Not investment advice.