Insider buying last 90 days
No open-market insider purchases were filed for SHOP in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every SHOP insider filing, plotted on the chart in Gekko.Open SHOP in Gekko
NASDAQ: SHOP
Shopify (SHOP) Stock Analysis & Forecast
Nov 4 close
$153.03+10.46 (+7.3%)
Gekko Brief
AI summaryNov 4 closeShopify's third-quarter results dominate the week's news, with revenue rising 31.6% on strong GMV growth, higher payments penetration and expanding AI commerce adoption. Free cash flow jumped 61% to $816 million, and EPS of $0.49 beat the $0.46 estimate, though the stock's reaction to the report was mixed and some analysts cut their forecasts afterward. The earnings call highlighted AI shopping traffic and margin discipline, and separate coverage noted ARK Invest added $12.5 million of shares the day the stock fell, while the company also filed an automatic shelf registration covering potential future securities offerings.
Shares closed at $153.03, up 7.3%, sitting above both the 50-day average of $152.75 and the 200-day average of $129.85, with the 50-day above the 200-day. The GekkoIndex reads 63.7, placing SHOP in the Accumulation zone, up 10.9 over five days. Price sits 5.3% above Gekko Fair Value of $145.39.
The next earnings date is 10 February 2027, 97 days away, placing it outside a typical 20-trading-day holding window. Options activity over the last 30 days shows 3 unusual signals, with put premium of $12,691,061 against call premium of $2,261,862. Seasonality from this point in the calendar has averaged a 15.7% move over the next 20 trading days across 5 years, rising in 3 of them. The consensus target stands at $176.88, implying 15.6% upside.
Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.
Shopify price vs fair value
Close $153.03200-day averageGekko Fair Value $145.39
Shopify quick facts
- Market cap
- $198.6B
- P/E ratio
- 105.6
- Forward P/E
- 65.4
- EPS, TTM
- $1.48
- Revenue, TTM
- $13.27B
- Profit margin
- 14.5%
- Dividend yield
- —
- Beta
- 2.66
- Volume
- 13.12M avg 9.21M
- 1-year return
- −11.5%
- Typical daily move
- ±5.6%
- Typical 20-day move
- ±11.3%
- 50-day average
- $152.75
- 200-day average
- $129.85
- Next earnings
- Feb 10 before open
- Shares outstanding
- 1.22B
Shopify swing-trade checklist
Shopify scores 4 supportive, 0 mixed and 2 headwinds across the 6 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
4 supportive0 mixed2 headwinds
- Trendsupportive
Above 50 and 200-day
Close $153.03 is above the 50-day ($152.75) and 200-day ($129.85) averages, and the 50-day is above the 200-day.
See the chart - GekkoIndexsupportive
63.7, Accumulation
Reading 63.7 is in the Accumulation zone.
See the GekkoIndex - Fair valueheadwind
5.3% above
Price is 5.3% above Gekko Fair Value (more than 5% above).
See fair value - Smart moneyheadwind
Leans bearish
Last 30 days: 3 unusual options signals.
See smart money - Earnings risksupportive
Reports in 97 days
Next report Feb 10, 2027, 97 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+15.7% on average
From this point in the calendar, the next 20 trading days averaged +15.7% over 5 years, rising in 3 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Shopify stock chart and price history
Shopify closed at $153.03 on Nov 4, 2026, −11.5% over the past year, inside a 52-week range of $94.00 to $180.88.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −6.9%
- 3 months
- +3.8%
- 6 months
- +45.1%
- 1 year
- −11.5%
The full SHOP chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open SHOP in Gekko
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About Shopify
Shopify builds software that lets businesses set up and run stores across many different channels. Merchants use its platform to list products, organize catalogs, market their goods and complete sales, whether through websites, mobile apps, physical shops, temporary pop-ups, social media, buy buttons or third-party marketplaces. It is known for giving companies a single system to sell wherever their customers are.
Beyond the selling tools themselves, the platform handles much of the operational work behind a store, including inventory and order tracking, payment processing, shipping and fulfillment, customer outreach, sourcing, reporting and financial management. Shopify also sells add-ons such as website themes, apps and domain registration, and it helps merchants accept payments, manage logistics and access working capital. Its customers are businesses of varying sizes across regions including Canada, the United States, Europe, the Middle East, Africa, Asia Pacific and Latin America.
The company began in 2004 as Jaded Pixel Technologies Inc. and took the name Shopify Inc. in November 2011. It is headquartered in Ottawa, Canada, and its shares are listed on the NASDAQ under the ticker SHOP.
- Listed
- NASDAQ
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Website
- shopify.com
Shopify GekkoIndex: the smart money zone
Shopify’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 63.7, in the Accumulation zone, up 10.9 points over five sessions.
63.7Accumulation
Up 10.9 points over five sessions, from the Neutral zone.
Reading for Nov 4, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 41 | +3.8% | +4.8% | ||
| Accumulation (current zone) | 172 | +0.7% | +5.6% | ||
| Neutral | 453 | +0.8% | +2.3% | ||
| Distribution | 27 | −1.6% | −1.0% | ||
| Selling | 4 | Too few readings yet | |||
Average SHOP share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.0% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the SHOP price, zone by zone.Track SHOP in Gekko
Is Shopify stock overvalued? Gekko Fair Value
Shopify trades 5.3% above Gekko Fair Value of $145.39, so the shares are overvalued on Gekko’s estimate.
Gekko’s own estimate of what Shopify shares are worth, recalculated every trading day.
$145.39
Gekko Fair Value, Nov 4, 2026
5.3% Overvalued
At the end of Aug 2026 the price was 6.3% below the estimate.
Gekko Fair ValueShare price, month end
Gekko Fair Value on every chart, with the gap to price updating daily.Open SHOP in Gekko
Shopify insider and Congress trading
No open-market insider purchases were filed for Shopify, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in SHOP were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for SHOP, plotted on the chart in Gekko.Open SHOP in Gekko
Buybacks
Shopify has been buying back its own shares.
- Latest authorization
- $3.00B, Jun 2, 2026
- Bought back, quarter ended Jun 30, 2026
- $1.42B
- As a share of market cap
- 0.72%
From company filings.
Unusual options activity last 30 days
3signals, 15% of the flagged premium in calls.
Latest: Bearish flow on Oct 17, $5.47M in unusual premium.
Hedge funds and billionaires quarter ended Sep 30
2of the funds Gekko tracks hold SHOP.
0added2opened0trimmed0sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko
Shopify earnings: next date and track record
Shopify reports on Feb 10, 2027, before the open (97 days away), and beat the EPS estimate in 4 of its last 8 reports.
Next earnings report
Feb 10, 2027
Expected before the open, 97 days away
- EPS estimate
- $0.66
- Revenue estimate
- $4.80B
4 of 8reports beat the EPS estimate
±10%average move across the report
3 of 8reports followed by a gain
Share-price move across each report
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Nov 3, 2026 | $0.49 est $0.46 | $3.68B est $3.70B | −2.0% |
| Aug 5, 2026 | $0.32 est $0.28 | $3.54B est $3.40B | +19.6% |
| May 5, 2026 | −$0.45 est $0.33 | $3.11B est $3.06B | −17.3% |
| Feb 11, 2026 | $0.48 est $0.50 | $3.64B est $3.60B | −13.0% |
| Nov 4, 2025 | $0.34 est $0.34 | $2.84B est $2.75B | −5.8% |
| Aug 6, 2025 | $0.35 est $0.29 | $2.68B est $2.58B | +19.0% |
| May 8, 2025 | $0.25 est $0.26 | $2.36B est $2.53B | −2.9% |
| Feb 11, 2025 | $0.44 est $0.43 | $2.81B est $2.70B | +0.5% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Shopify stock forecast and analyst price targets
Analysts’ average 12-month price target for Shopify is $176.88, +15.6% from the last close.
$176.88consensus 12-month target, +15.6% from the last close
+5.6%average 20-day move after past Accumulation readings
+15.7%average move over the next 20 trading days in the last 5 years
±5.6%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Shopify seasonality: the next 20 trading days
Over the next 20 trading days from Nov 4, Shopify averaged +15.7% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +6.5% | 2 of 5 |
| Next 10 trading days | +11.3% | 4 of 5 |
| Next 15 trading days | +16.0% | 4 of 5 |
| Next 20 trading days | +15.7% | 3 of 5 |
| Next 30 trading days | +14.9% | 4 of 5 |
For scale, SHOP’s typical 20-trading-day move in either direction is about 11.3%.
Shopify market cap and key statistics
Shopify’s market cap is $198.6B, with a P/E ratio of 105.6 and revenue of $13.27B over the last twelve months.
Valuation
- Market cap
- $198.6B
- P/E ratio
- 105.6
- Forward P/E
- 65.4
- EPS, TTM
- $1.48
- Gekko Fair Value
- $145.39
Trading
- Volume
- 13.12M
- Avg volume, 20 days
- 9.21M
- 52-week high
- $180.88
- 52-week low
- $94.00
- Shares outstanding
- 1.22B
Financials
- Revenue, TTM
- $13.27B
- Profit margin
- 14.5%
- Return on equity
- 15.5%
- Quarterly earnings growth, YoY
- +68.1%
Risk and income
- Beta
- 2.66
- Typical daily move
- ±5.6%
- Typical 20-day move
- ±11.3%
Shopify stock news this week
Coverage of Shopify this week reads negative: 0 positive, 1 neutral and 2 negative headlines.
- Shopify Could Be the Best Growth Stock to Buy With $1,000 in NovemberThe Motley Fool, Nov 4
- SHOP Q3 Earnings Beat Estimates, Revenues Rise on Strong GMVZacks Investment Research, Nov 4
- Cathie Wood Bought $12.5 Million of Shopify as It Tanked24/7 Wall Street, Nov 4
- SHOP Q3 Earnings Call Highlights AI Commerce and Margin DisciplineZacks Investment Research, Nov 4
- Shopify Analysts Cut Their Forecasts After Q3 ResultsBenzinga, Nov 4
- Shopify Stock Fell After Its Report. Here's the Price I'd Pay for It.The Motley Fool, Nov 4
Shopify peers
Shopify’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| CTASCintas | Neutral | 24.5% above |
| PYPLPayPal | Neutral | 7.5% above |
| XYZBlock | Distribution | 24.2% above |
| FISVFiserv | Selling | 32.2% below |
| CPAYCorpay | Neutral | 14.0% below |
| GPNGlobal Payments | Distribution | 9.8% below |
A peer links to its own page where one exists.
Shopify stock FAQ
What is Shopify’s market cap?
Shopify’s market cap is $198.6B at the Nov 4, 2026 close of $153.03, with 1.22B shares outstanding. The shares trade on a P/E ratio of 105.6.
What is the Shopify stock forecast?
The consensus analyst 12-month price target for Shopify is $176.88, +15.6% from the last close. Gekko doesn’t publish price predictions of its own.
Is Shopify stock overvalued or undervalued?
On Gekko’s estimate Shopify is overvalued: the Nov 4, 2026 close of $153.03 is 5.3% above Gekko Fair Value of $145.39. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Shopify report earnings next?
Shopify is expected to report on Feb 10, 2027, before the market opens (97 days away). Analysts expect earnings of $0.66 per share on revenue of $4.80B. Shopify beat the earnings estimate in 4 of its last 8 reports, moving 10% on average across the report.
What is Shopify’s 52-week high and low?
Shopify’s 52-week high is $180.88 and its 52-week low is $94.00; it closed at $153.03 on Nov 4, 2026, −11.5% over the past year. Over the last five years the shares peaked at $182.19 on Oct 29, 2025.
Is Shopify stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 6 items with data read as supportive (trend, gekkoindex, earnings risk and seasonality) and 2 as headwinds (fair value and smart money). The checklist is a description of current data, not a recommendation.
Is there unusual options activity in Shopify?
Gekko flagged 3 unusual options signals in Shopify over the last 30 days, with $2.26M of flagged premium in calls and $12.69M in puts. The latest, bearish flow, was on Oct 17, 2026 with $5.47M in unusual premium. The signal-by-signal table is in Gekko.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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