Shopify stock: RBC raises target to USD 200.00

Published on 10/23/2026 at 15:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shopify reported USD 3.58 billion revenue in Q2 2026, up 34 percent. Shopify stock costs EUR 150.41 on October 23, 2026 at 3:31 p.m. CEST.

RBC target and earnings

RBC raised its Shopify target from USD 180.00 to USD 200.00 on October 16, 2026.
Shopify generated USD 3.58 billion in revenue during the second quarter of 2026, up 34.00 percent year over year.
Shopify stock costs EUR 150.41 at Lang & Schwarz on October 23, 2026 at 3:31 p.m. CEST.
Shopify is scheduled to publish third-quarter 2026 results on November 3, 2026.

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RBC Capital Markets raised its Shopify target from USD 180.00 to USD 200.00 on October 16, 2026, while maintaining an Outperform rating, according to Yahoo Finance. Shopify stock was trading at EUR 150.41 at Lang & Schwarz on October 23, 2026 at 3:31 p.m. CEST.

Revenue growth supports the case

Shopify generated USD 3.58 billion in revenue during the second quarter of 2026, according to the company's reported financial data. That represented 34.00 percent year-over-year growth, giving the latest target increase a direct operating metric rather than relying only on valuation.

The same quarter produced USD 488.00 million in operating profit and USD 1.16 in diluted earnings per share. Operating margin was 14.00 percent, while operating cash flow reached USD 658.00 million. These figures cover the quarter ended June 30, 2026.

What does the November date mean?

Shopify is scheduled to publish its third-quarter 2026 results on November 3, 2026, according to Shopify. The release will give investors a fresh test of whether the company can sustain the 30 percent-plus growth rate cited in the RBC report.

Yahoo Finance reported that RBC linked its higher target to sustained growth, merchant sales, pricing increases and Shopify's expansion in AI-driven commerce. The report also said RBC expected recent price increases to add 110 basis points to annualized growth.

Valuation meets the next report

At USD 168.35 on the Nasdaq at 1:35 p.m. ET on October 23, 2026, Shopify's primary-market quote was down 0.27 percent from the prior close. Its market capitalization was USD 218.5 billion and its trailing price-to-earnings ratio was 113.26 at that time. The euro quotation and the Nasdaq quotation are separate market observations.

For investors, the November report matters because the current valuation assumes that rapid growth continues. The latest quarterly figures provide the operating baseline, while RBC's USD 200.00 target sets a dated external benchmark for the next earnings test.

Shopify stock in the market

Shopify is a commerce technology company serving merchants through online storefronts, payments, marketing, inventory and fulfillment tools. Its investor-relations materials describe a platform used by millions of merchants in more than 175 countries, with cumulative gross merchandise volume of USD 1.6 trillion since inception.

Price and investor perspective

The Lang & Schwarz quote places Shopify stock at EUR 150.41 on October 23, 2026 at 3:31 p.m. CEST. The next quantified checkpoints are the November 3 results and RBC's USD 200.00 target.

The further course of trading is shown by the continuously updated real-time quote of Shopify stock.