Shopify Stock Set for Fourth Weekly Gain as Analysts Raise Targets

what happened

Shopify Inc. (SHOP) is on track for a fourth consecutive weekly gain, and analysts see up to 10% upside before the company reports its fiscal third-quarter 2026 results, according to Stocktwits. Jefferies reaffirmed its Buy rating and $175 price target, saying third-party data suggests gross merchandise volume (GMV) could beat expectations.

Baird lifted its price target to $190 from $160 and kept an Outperform rating. Cantor Fitzgerald raised its target to $158 from $145 with a Neutral rating, expecting Shopify to beat estimates for GMV, revenue and operating profit. Results are scheduled for November 3. Per Fiscal.ai data, analysts expect $3.74 billion in revenue and earnings of $0.46 per share.

Separately, Shopify is partnering with Meta Platforms (META) so that Meta's personal AI assistant, Muse, can buy products from Shopify stores through Shop Pay. Retail sentiment on Stocktwits was described as neutral, and the stock is up 7% year to date.

why it matters

For markets, the key factors are GMV trends and the fourth-quarter outlook, which Jefferies says could show whether the stock has more room to run. These are analyst views, not a price forecast.

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