Shopify Stock (SHOP) Has 20% Upside, Says RBC Capital Markets
The e-commerce company reports earnings on Nov. 3.
Fiscal Year: January - December
Shopify Inc. (SHOP), listed on the NASDAQ, has a market capitalization of $218.11B. As of Oct 16, 2026, the stock is trading at $169.52 per share@else an unavailable price , offering investors a clear view of its current market value. Shopify Inc. is a prominent player in the industry sector, attracting both institutional and retail investors due to its performance and potential.
With a P/E ratio of 114.42, investors can assess the stock's valuation in comparison to its earnings. A P/E ratio is a crucial indicator for value investors, showing whether the stock is over or undervalued relative to its current earnings. Shopify Inc. also offers a dividend yield of N/A , making it an attractive option for income-focused investors who seek regular dividends.
Our Discounted Cash Flow (DCF) analysis reveals that Shopify Inc. (SHOP) has a DCF fair value that is only shown to premium members. To see it, please Login or Upgrade for access.
The proprietary SS Score for Shopify Inc. is a unique metric that analyzes the company's financial health and growth potential. The score takes into account critical factors such as revenue growth, net income, free cash flow (FCF) compound annual growth rate (CAGR), the trend of shares outstanding, and the debt-to-FCF ratio. This helps investors to make a more informed decision, as an undervalued stock might still have poor financial fundamentals.
To view the detailed SS Score for Shopify Inc., Login or Upgrade for access.
The Price to Free Cash Flow (P/FCF) ratio for Shopify Inc. is 92.73, offering insights into how much investors are paying for the company's free cash flow. A lower P/FCF ratio typically suggests that the stock is undervalued, while a higher ratio may indicate overvaluation.
In summary, Shopify Inc. (SHOP) has shown consistent financial performance, as illustrated by the financial charts above, which track its revenue growth, net income, free cash flow, and shares outstanding over the past several years. These metrics provide investors with key insights into the company's past and projected future performance. Investors should use the SS Score alongside the DCF Fair Value to make better-informed decisions about whether to buy or hold the stock.
*This analysis is for informational purposes only and does not constitute investment advice. Always read the company's 10-K filings and do your own research before making any investment decisions.
Whether Shopify Inc. (SHOP) is a good stock to buy depends on various factors, including its financial health, market conditions, and your investment strategy. It is important to assess the SS Score and review the company's fundamentals before making any investment decisions.
The fair value of Shopify Inc. (SHOP) is determined through our Discounted Cash Flow (DCF) analysis. This value represents the intrinsic worth of the stock based on its expected future cash flows. To view the specific fair value, consider subscribing to our service for complete access.
The SS Score is a proprietary financial quality metric that assesses factors such as revenue growth, net income, free cash flow growth, and debt levels. It helps investors evaluate the overall financial health of Shopify Inc.. To access the full SS Score, consider upgrading your subscription.
Shopify Inc. is a significant player in the industry sector, with a market capitalization of $218.11B and a competitive P/E ratio of 114.42. Investors should compare these metrics with industry peers to gauge whether Shopify Inc. is outperforming or underperforming within its sector.
The e-commerce company reports earnings on Nov. 3.
RBC Capital raised the firm’s price target on Shopify (SHOP) to $200 from $180 and keeps an Outperform rating on the shares. Third-party data suggest Shopify’s growth momentum remains robust,…
Jefferies keeps a buy rating and $175 price target on Shopify (SHOP) ahead of the company’s Q3 results. Shopify’s third-party data suggests gross merchandise volume upside and a reasonable setup…
Baird raised the firm’s price target on Shopify (SHOP) to $190 from $160 and keeps an Outperform rating on the shares. The firm updated its model following its quarterly Tracker…
SAN FRANCISCO--(BUSINESS WIRE)--Algolia, the Retrieval Intelligence platform that helps ecommerce teams turn every search into a sale, today announced native support for Shopify B2B. Retailers, brands...
Shopify rises after Deutsche Banks says the company is poised to win big from agentic commerce in the long run.
Cantor Fitzgerald raised the firm’s price target on Shopify (SHOP) to $158 from $145 and keeps a Neutral rating on the shares. Shopify is expected to deliver a strong Q3…
Seaport Research analyst Jeff Cantwell raised the firm’s price target on Shopify (SHOP) to $180 from $175 and keeps a Buy rating on the shares. The firm is updating its…
NEW YORK & NASHVILLE, Tenn.--(BUSINESS WIRE)--Croissant, a shopping and rewards app for luxury fashion, today announced that Croissant Pay is now available in Shopify Checkout and at the register thro...
Shopify stock has rebounded in the past few months, reaching its highest level since January 13 this year. It has soared by 80% from its lowest level in May, bringing its market capitalization to over...
Shopify ($SHOP) can benefit from every winner in agentic commerce because it provides the infrastructure that completes the transaction. While artificial intelligence (AI) platforms such as OpenAI’s C...
JPMorgan raised the firm’s price target on Shopify (SHOP) to $200 from $185 and keeps an Overweight rating on the shares. The firm cites the company’s progress and positioning across…
Internet, Everywhere, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Shopify Inc. (NASDAQ, TSX: SHOP) plans to announce financial results for the quarter ended September 30, 2026 before markets open on Tuesday, No...
Also, 90s nostalgia is back, and that's helping Levi Strauss
On top of technical performance metrics, there seems to be a new criteria to judge AI agents by: cuteness.
Shopify introduced a new site-building tool Thursday called Canvas that lets merchants set up their Shopify store by chatting with AI. While Shopify already offered a fairly capable no-code builder be...
While some retailers, like Amazon (and Adidas, apparently!), are blocking AI agents from making purchases on users' behalf on their respective platforms, e-commerce platform Shopify has moved in the o...
Amazon is introducing tools to let independent sellers manage their sales on four of its biggest rivals — eBay, Shopify,
Personal AI assistants are moving beyond answering questions to carrying out everyday tasks through several steps. Meta Platforms' (META) Muse agent is one example that has taken the world by storm ov...
Shopify and Meta have partnered to extend the shopping capabilities of Meta's Muse artificial intelligence assistant, executives said Monday (Sept. 21).
Shopify Inc (SHOP) shares are extending gains on September 22 after the e-commerce giant signed a landmark integration deal with Meta Platforms (META). In its press release, SHOP said it has agreed to...
Shopify stock is surging, thanks to a partnership with Meta's hot new AI agent.
Shopify stock rises for a second consecutive day as investors believe Meta's Muse AI agent might be a very good thing for the company's business.
Projected from reported cash flow (SEC filings). The starting point is the latest yearly revenue times the median free cash flow margin of the last five years. Years 1 to 5 grow at the revenue growth rate of the last five years (between -5% and 15%), and years 6 to 10 slow down to the 2.5% perpetual growth rate. These are Studying Stocks' own estimates, not analyst forecasts, and are intended for educational purposes only as a baseline for the analysis.
| Year | FCF Estimate | % | Source |
|---|---|---|---|
| 2026 | 1.70B | 15.00% | Projected |
| 2027 | 1.96B | 15.00% | Projected |
| 2028 | 2.25B | 15.00% | Projected |
| 2029 | 2.59B | 15.00% | Projected |
| 2030 | 2.98B | 15.00% | Projected |
| 2031 | 3.35B | 12.50% | Projected |
| 2032 | 3.69B | 10.00% | Projected |
| 2033 | 3.96B | 7.50% | Projected |
| 2034 | 4.16B | 5.00% | Projected |
| 2035 | 4.27B | 2.50% | Projected |
Below are the FCF estimates with the discount factor and the calculated present value with the terminal value that led the results above.
| Year | FCF | Discount Factor | PV of Future FCF |
|---|---|---|---|
| 2024A | 1.60B | 1.00 | 1.60B |
| 2025A | 2.01B | 1.00 | 2.01B |
| 2026E | 1.70B | 1.12 | Login |
| 2027E | 1.96B | 1.25 | Login |
| 2028E | 2.25B | 1.40 | Login |
| 2029E | 2.59B | 1.57 | Login |
| 2030E | 2.98B | 1.75 | Login |
| 2031E | 3.35B | 1.96 | Login |
| 2032E | 3.69B | 2.19 | Login |
| 2033E | 3.96B | 2.45 | Login |
| 2034E | 4.16B | 2.74 | Login |
| 2035E | 4.27B | 3.07 | Login |
| Terminal | 3.07 | Login |
The information given by Studying Stocks and provided in the web and/or mobile applications (Platforms) is only factual information and should not be considered financial advice.
Any information contained in this website has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
When creating an account, you acknowledge that you are:
We retain the right to cancel your account for any reason, or refuse your account creation request.
The information on our Platforms is not comprehensive and is intended to provide a summary of the subject matter covered. While we use all reasonable attempts to ensure the accuracy and completeness of the data and information on our Platforms, to the extent permitted by law, we make no warranty regarding the information on these Platforms. You should monitor any changes to the information contained on these Platforms.
Furthermore we make no commitments in regards to the minimum amount of uptime that our platforms will maintain, although we will make ever reasonable attempt to ensure that the platforms are operational. Therefore, any reference of "latest", "current" and related words about the financial data presented here may not be up to date with the financial markets or represent reality of the information.
We are not liable to you or anyone else if interference with or damage to your computer systems occurs in connection with the use of these Platforms or a linked website. You must take your own precautions to ensure that whatever you select for your use from our Platforms is free of viruses or anything else (such as worms or Trojan horses) that may interfere with or damage the operations of your computer systems.
We may, from time to time and without notice, change or add to the Platforms (including the Terms) or the information, products or services described in it. However, we do not undertake to keep the Platforms updated. We are not liable to you or anyone else if errors occur in the information or the Platforms is not up-to-date.
Our Platforms may contain links to websites operated by third parties. Those links are provided for convenience and may not remain current or be maintained. Unless expressly stated otherwise, we do not endorse and are not responsible for the content on those linked websites and have no control over or rights in those linked websites.
These Platforms are for your personal, non-commercial use only. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, commercially exploit, create derivative works from, transfer, or sell any Content, software, products or services contained within these Platforms. You may not use these Platforms, or any of its Content, to further any commercial purpose, including any advertising or advertising revenue generation activity on your own website.
You must not do any act that we would deem to be inappropriate, is unlawful or is prohibited by any laws applicable to these Platforms, including but not limited to:
If we allow you to post any information to our Platforms, we have the right to take down this information at our sole discretion and without notice.
To the maximum extent permitted by law, we make no warranties or representations about these Platforms or the Content, including but not limited to warranties or representations that they will be complete, accurate or up-to-date, that access will be uninterrupted or error-free or free from viruses, or that these Platforms will be secure.
We reserve the right to restrict, suspend or terminate without notice your access to these Platforms, any Content, or any feature of these Platforms at any time without notice and we will not be responsible for any loss, cost, damage or liability that may arise as a result.
To the maximum extent permitted by law, in no event shall we be liable for any direct and indirect loss, damage or expense – irrespective of the manner in which it occurs – which may be suffered due to your use of our Platforms and/or the information or materials contained on it, or as a result of the inaccessibility of these Platforms and/or the fact that certain information or materials contained on it are incorrect, incomplete or not up-to-date.
This website utilises cookies. If you do not have cookies enabled in your web browser some functions of the site may not work as intended.