Baird raises target for Shopify stock from USD 160.00 to USD 190.00

Published on 10/15/2026 at 10:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shopify stock traded at EUR 151.00 on October 15, 2026. Second-quarter revenue rose 33.70 percent to USD 3.58 billion.

Targets rise ahead of results

Robert W. Baird lifted its Shopify target from USD 160.00 to USD 190.00 on October 14, 2026.
Second-quarter revenue reached USD 3.58 billion, up 33.70 percent year over year.
Shopify stock trades at EUR 151.00 at 10:12 a.m. CEST at Lang & Schwarz on October 15, 2026.

SHOP, CA82509L1076, Illustration mit AI erstellt.

Shopify (ISIN CA82509L1076) was trading at EUR 151.00 at Lang & Schwarz on October 15, 2026, while Robert W. Baird raised its price target from USD 160.00 to USD 190.00. The target change was reported on October 14, 2026, by MarketBeat.

Baird raises its target to USD 190.00

Robert W. Baird kept an outperform rating while lifting the target by USD 30.00, according to the October 14 report. The new target is one of several recent analyst actions as the company approaches its third-quarter results.

Stifel also raised its target from USD 180.00 to USD 210.00 while maintaining a Buy rating, Investing.com reported on October 14, 2026. The two target changes put the emphasis on Shopify's growth outlook rather than on a new reported quarter.

What does the growth outlook mean?

Shopify's second-quarter revenue was USD 3.58 billion, up 33.70 percent from the prior-year quarter, while earnings were USD 0.42 per share versus a USD 0.40 consensus estimate, according to MarketBeat. That combination gives the target revisions a measurable operating reference, although the latest reported period ended on June 30, 2026.

Three dates define the setup

On August 5, 2026, Shopify reported second-quarter revenue of USD 3.58 billion and earnings of USD 0.42 per share. On October 6, 2026, the company announced that third-quarter results would cover the period ended September 30, 2026. On October 14, 2026, Baird raised its target to USD 190.00.

When are the next results?

Shopify plans to release third-quarter results before markets open on November 3, 2026, followed by an 8:30 a.m. ET conference call, according to the company's press release dated October 6, 2026. The announced reporting date is the next firm calendar marker for the stock.

Valuation stays demanding

Shopify had a market capitalization of USD 223.8 billion and a 52-week range of USD 94.00 to USD 182.19 on October 14, 2026. The company is listed on Nasdaq and the Toronto Stock Exchange, and its platform serves merchants across 175 or more countries, according to the company release.

Shopify was trading at EUR 151.00 at Lang & Schwarz on October 15, 2026, at 10:12 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Shopify stock.