Shopify Inc.

Analyst Ratings Synthesis

The supplied consensus is Buy across 42 analysts. Its stated targets are internally inconsistent, listing a $150 low, $177.5 mean, and $160 high, so the actual cluster and spread cannot be determined from that dataset. Other supplied aggregators place averages between $157.49 and $174.57, with TipRanks showing a $130-to-$200 range. Historical target information identifies Scotiabank as most bullish at $200 and KeyBanc as least bullish at $105, although those figures are dated and are not necessarily current. The evidence does not identify a target revision during the week or establish whether revisions moved up or down. The substantive disagreement is valuation and execution: bullish analysts see room above the latest $134.10 close, while bearish views reflect the broad target dispersion and falling FY2025 net income.

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