Shopify Inc. (SHOP) fair value analysis
Nasdaq · Updated 2026-09-07
Shopify Inc. is a Canadian e-commerce platform that provides software and services to help merchants build and operate online stores. The company serves customers across North America, Europe, Asia-Pacific, and other regions globally.
Forward Fair Value verdict
Fairly valuedBased on TickrTrends' weekly Forward Fair Value model, SHOP is trading at within about 10% of estimated fair value.
SHOP currently ranks #121 of 199 Technology stocks by discount to Forward Fair Value. It has screened as Fairly valued for 3 consecutive weekly runs.
- Last price
- $117.01
- Sector
- Technology
- 12-month range
- $117.01–$172.94
Derived indicators
Coarse bands from TickrTrends' weekly models; exact figures are part of the full report.
- Quality grade
- A
- Leverage
- Low
- Margin trend
- Contracting
- Revenue growth
- Strong
- RSI zone
- Neutral
- 50/200-day trend
- Mixed
- 52-week position
- The bottom quarter of its range
What our data shows for SHOP
- Our model validated 8 trailing price-to-earnings windows for SHOP, built from quarterly earnings records.
- Shares are trading in the lower third of their 12-month price range of $117.01–$172.94.
- The 14-day relative strength index sits at a neutral 49.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for SHOP
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
How Forward Fair Value works
TickrTrends computes a Forward Fair Value for every covered stock each week: a conservatively normalized historical price-to-earnings multiple is applied to the analyst-consensus earnings estimate for the next full fiscal year. Every input window is validated for continuity and every result is screened for plausibility before publication.
Recent SHOP news
TickrTrends' derived news-sentiment signal for SHOP is currently leaning positive, computed from recent coverage.
- Ecommerce Evolution: Shopify’s (SHOP) AI-Driven Approach to Retail Success (finance.yahoo.com, 2026-09-02)
TickrTrends take: Shopify's integration of artificial intelligence into its platform represents a competitive development in the ecommerce space that could influence how the market values the company relative to its peers. Since TickrTrends currently rates SHOP as fairly valued, investors focused on valuation metrics should monitor whether AI-driven improvements translate into measurable changes in customer retention, merchant spending, or gross margin expansion that would justify shifts from the current assessment. The Technology sector remains competitive, and demonstrable differentiation through AI capabilities could become a key factor in whether the fairly valued status persists or adjusts. - Multiple Compression Pulls Back Shopify (SHOP) in Q2 (finance.yahoo.com, 2026-09-01)
TickrTrends take: Shopify's Q2 multiple compression reflects broader market pressures on technology stocks that can influence how investors reassess the company's fair value positioning. A valuation-focused reader should monitor whether this compression stabilizes at current levels or continues further, as sustained multiple contractions could shift the current fairly valued assessment. The Technology sector's valuation dynamics remain a key factor in tracking how SHOP's multiples evolve relative to its peers and historical ranges.
What people are saying
Follow the SHOP conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-09-07 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-06 — # SHOP Technical Analysis Summary TickrTrends' derived indicators for SHOP shifted this week as the 50/200-day trend state moved from a downtrend to a mixed state. With the stock currently assessed as fairly valued within the Technology sector, this change in trend state suggests a potential stabilization in price momentum after the previous downtrend period. Investors monitoring SHOP should note this transition while considering the stock's current fair valuation status.
- 2026-08-31 — TickrTrends initiated weekly Forward Fair Value coverage of this stock.
Frequently asked questions
Is SHOP stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-09-07), SHOP is trading at within about 10% of estimated fair value and screens as fairly valued. The exact fair value and discount are available to subscribers.
What is SHOP's TickrTrends verdict?
SHOP's current verdict is Fairly valued, refreshed with every weekly Forward Fair Value run.
How does SHOP compare to other Technology stocks?
SHOP ranks #121 of 199 Technology stocks in TickrTrends' coverage when sorted by discount to Forward Fair Value.
Is SHOP overbought or oversold?
SHOP's 14-day RSI is in neutral territory - neither overbought nor oversold.
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