RBC Capital keeps Outperform on Shopify with $200 target
RBC Capital kept its Outperform rating on Shopify and a $200 price target, citing merchant growth and expectations for stronger quarterly results.
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what happened
According to TradingView, citing Benzinga data, RBC Capital maintained its Outperform rating on Shopify shares with a $200 price target. The target implies a 12.3% upside from the October 15 close of $178.14.
The analyst note says Shopify's total merchant count rose 15% year over year in the third quarter, and distinct Shopify Plus merchants grew 24%. Large brands such as Dior and Clinique were cited among new enterprise wins. RBC expects third-quarter results and fourth-quarter guidance may beat consensus, supported by GMV momentum and AI cost management.
RBC also pointed to recent subscription price increases, which it believes will lift revenue and support margin expansion.
why it matters
For investors, the note signals continued competitive strength in e-commerce software. Expectations of results above consensus may keep attention on the stock ahead of the next earnings report.
market impact
Shopify: expectations of a strong quarter support interest in the shares
tags
instruments
sources
- RBC Capital maintains Outperform rating on Shopify, $200 price target — ru.tradingview.com, 16 October 2026 at 14:40 UTC
- RBC Capital maintains Outperform rating on Shopify, $200 price target — ru.tradingview.com, 16 October 2026 at 14:41 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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