Fintel reports that on October 17, 2025, RBC Capital maintained coverage of Shopify (NasdaqGS:SHOP) with a Outperform recommendation.
Analyst Price Forecast Suggests 3.73% Upside
As of September 29, 2025, the average one-year price target for Shopify is $162.41/share. The forecasts range from a low of $111.10 to a high of $204.75. The average price target represents an increase of 3.73% from its latest reported closing price of $156.57 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Shopify is 9,539MM, a decrease of 4.74%. The projected annual non-GAAP EPS is 0.26.
What is the Fund Sentiment?
There are 2,423 funds or institutions reporting positions in Shopify. This is an increase of 202 owner(s) or 9.10% in the last quarter. Average portfolio weight of all funds dedicated to SHOP is 0.59%, an increase of 1.66%. Total shares owned by institutions increased in the last three months by 0.52% to 1,035,917K shares. 
The put/call ratio of SHOP is 0.98, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 57,977K shares representing 4.75% ownership of the company. In its prior filing, the firm reported owning 52,102K shares , representing an increase of 10.13%. The firm increased its portfolio allocation in SHOP by 20.61% over the last quarter.
Capital International Investors holds 40,057K shares representing 3.28% ownership of the company. In its prior filing, the firm reported owning 35,319K shares , representing an increase of 11.83%. The firm increased its portfolio allocation in SHOP by 19.96% over the last quarter.
Baillie Gifford holds 37,748K shares representing 3.09% ownership of the company. In its prior filing, the firm reported owning 55,878K shares , representing a decrease of 48.03%. The firm decreased its portfolio allocation in SHOP by 30.15% over the last quarter.
Price T Rowe Associates holds 31,674K shares representing 2.60% ownership of the company. In its prior filing, the firm reported owning 34,009K shares , representing a decrease of 7.37%. The firm increased its portfolio allocation in SHOP by 3.45% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 29,571K shares representing 2.42% ownership of the company. In its prior filing, the firm reported owning 29,162K shares , representing an increase of 1.38%. The firm decreased its portfolio allocation in SHOP by 3.95% over the last quarter.
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