Shopify Inc. (SHOP) stock forecast & analysis
151.29
NasdaqGS · USDDelayed by 15 minutes
Up: +8.72, +6.1%
1 analysis
Latest analysis: · verdict locked
- Open
- 143.42
- Previous close
- 142.57
- Day range
- 143.31 – 153.26
- 52-week range
- 94.00 – 180.88
- Volume (shares)
- 7.22M
- Net assets
- Not available
- Expense ratio
- Not available
- Shares outstanding
- 1.21B
- P/E ratio
- 92.82
- Dividend yield
- 0.00%
- Beta
- Not available
- Market cap
- 194.64B
Market Scanner’s AI analysis of Shopify Inc. (SHOP), updated November 2026: Shopify's Q3 revenue and GMV miss, coupled with a weak holiday outlook, drove a sharp selloff and technical weakness.
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Summary
Shopify's Q3 revenue and GMV miss, coupled with a weak holiday outlook, drove a sharp selloff and technical weakness.
Recent analyses covered Shopify's sharp stock price decline following its third-quarter earnings report, which showed revenue and gross merchandise volume (GMV) falling short of estimates. The stock's technical indicators showed a significant drop in momentum and a breach of its 50-day moving average. Commentary focused on the earnings miss and a cautious outlook for the holiday season.
SHOP news & sentiment
News reports highlighted a sharp selloff following the Q3 earnings miss and weak holiday outlook. Social media discussion was dominated by commentary on the day's trading session and the earnings results.
SHOP technical picture
SHOP's stock price experienced a sharp decline, falling below its 50-day SMA and showing significant short-term weakness. Momentum indicators weakened considerably, though the price remained above the rising 200-day SMA, suggesting the medium-term trend had stalled rather than broken.
Fundamentals
The analysis covered Shopify's revenue and gross merchandise volume performance, noting misses against estimates. Valuation multiples were discussed, alongside the stock's price action relative to its 50-day and 200-day moving averages and its 52-week range.
Factors discussed — upside
- Price remains above the 200-day SMA.
- Medium-term trend has stalled rather than broken.
Factors discussed — risks
- Revenue and GMV fell short of Street estimates.
- Stock price dropped sharply, breaching the 50-day SMA.
- Momentum indicators (RSI, MACD) showed significant weakening.
- Weak holiday outlook cited.
- Earnings miss
- Technical weakness
- Market sentiment
- Growth outlook
Summary updated .
SHOP technical indicators
Common technical indicators for SHOP, computed from its daily closing prices.
| Indicator | Value | Reading |
|---|---|---|
| 50-day simple moving average | 152.72 | Price below |
| 10-day exponential moving average | 158.92 | Price below |
| Relative strength index (14-day) | 42.52 | Neutral |
| MACD line (12/26/9) | -0.2447 | Below its signal line |
| Bollinger bands (20-day, 2σ) | 149.37 – 185.06 | Price inside the bands |
Analyses
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Frequently asked questions
- What is the bull case for Shopify Inc.?
- The medium-term trend has stalled rather than broken, and the price remains above the 200-day simple moving average.
- What are the risks for Shopify Inc.?
- The company recently reported revenue and GMV that fell short of estimates, accompanied by a weak holiday outlook. The stock price experienced a sharp decline, breaching its 50-day moving average, and momentum indicators have weakened significantly.
- Is Shopify Inc. bullish or bearish?
- Recent AI analyses of Shopify Inc. examined factors on both sides. Discussed upside: The medium-term trend has stalled rather than broken, and the price remains above the 200-day simple moving average. Discussed risks: The company recently reported revenue and GMV that fell short of estimates, accompanied by a weak holiday outlook. The stock price experienced a sharp decline, breaching its 50-day moving average, and momentum indicators have weakened significantly. These are descriptive observations, not a recommendation.
- What is the latest sentiment on Shopify Inc.?
- News reports highlighted a sharp selloff following the Q3 earnings miss and weak holiday outlook. Social media discussion was dominated by commentary on the day's trading session and the earnings results.
- How does Market Scanner analyse Shopify Inc.?
- Every analysis of Shopify Inc. runs the same five stages: four analysts read the market independently, a bull and a bear debate what they found, one agent turns the ruling into a position, three risk perspectives stress-test it, and a final agent writes the report. Market Scanner publishes what each stage does, with figures computed from the analyses on the platform rather than written in by hand.Read the methodology
What is the bull case for Shopify Inc.?
The medium-term trend has stalled rather than broken, and the price remains above the 200-day simple moving average.
What are the risks for Shopify Inc.?
The company recently reported revenue and GMV that fell short of estimates, accompanied by a weak holiday outlook. The stock price experienced a sharp decline, breaching its 50-day moving average, and momentum indicators have weakened significantly.
Is Shopify Inc. bullish or bearish?
Recent AI analyses of Shopify Inc. examined factors on both sides. Discussed upside: The medium-term trend has stalled rather than broken, and the price remains above the 200-day simple moving average. Discussed risks: The company recently reported revenue and GMV that fell short of estimates, accompanied by a weak holiday outlook. The stock price experienced a sharp decline, breaching its 50-day moving average, and momentum indicators have weakened significantly. These are descriptive observations, not a recommendation.
What is the latest sentiment on Shopify Inc.?
News reports highlighted a sharp selloff following the Q3 earnings miss and weak holiday outlook. Social media discussion was dominated by commentary on the day's trading session and the earnings results.
How does Market Scanner analyse Shopify Inc.?
Every analysis of Shopify Inc. runs the same five stages: four analysts read the market independently, a bull and a bear debate what they found, one agent turns the ruling into a position, three risk perspectives stress-test it, and a final agent writes the report. Market Scanner publishes what each stage does, with figures computed from the analyses on the platform rather than written in by hand.
Read the methodology- Bundles used
- claude-medium-v2
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