Shopify Inc partners with Croissant Pay to enhance payment options for retailers.
Shopify Inc has announced that it will expand Croissant Pay to its Shopify Checkout and in-store platforms, with luxury fashion brand SIMKHAI being one of the first to use the service. This expansion aims to streamline payment processes for both online and physical retail environments, which could lead to increased transaction volumes for Shopify's merchants.
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Shopify Inc
SHOP.TO
SHOP.TO
Shopify Inc
WealthAwesomeMarket cap
$303.30B
P/E
114.0x
52W high
$253.10
52W low
$129.01
1W change
+12.17%
Beta
2.63
Analyst Price Targets
Based on analyst covering SHOP · as of Oct 8, 2026
Wall Street analysts forecast SHOP stock price to rise 42.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$237.31
+42.9% Upside
Previously C$237.25 on Oct 7, 2026
Current Price
C$166.03
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on SHOP's historical volatility
30-Day Vol
56.1%
Annualized
90-Day Vol
58.1%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$282.85
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$251.10 | C$206.93 – C$304.69 |
| 60 trading days | C$266.50 | C$202.71 – C$350.36 |
| 90 trading days | C$282.85 | C$202.32 – C$395.43 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should watch how this expansion affects Shopify's market position and user engagement in the future.
Shopify's Stock Rises 1.22% Following Payment Expansion News
The stock closed at C$238.70, reflecting a 1.22% increase on the day of the announcement, with a trading volume of 192,545 shares, which is 0.94 times the 20-day average volume of 2,082,584 shares.
Bull case
The integration of Croissant Pay could make Shopify more attractive to retailers looking for modern payment solutions. This might lead to higher transaction volumes and improved customer satisfaction as more brands start using the service.
Bear case
If the adoption of Croissant Pay falls short of expectations, it may not significantly affect Shopify's overall growth, especially considering its current high P/E ratio of 114.01.
What Happened
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On October 7, 2026, Shopify Inc announced the expansion of Croissant Pay into its Shopify Checkout and in-store systems. This service aims to provide a seamless payment experience for retailers, with SIMKHAI being one of the first brands to go live with this new payment option. The announcement coincided with a 1.22% increase in Shopify's stock, which closed at C$238.70.
What the Numbers Show
Shopify's stock performance has been solid, with a 1-day increase of 1.22%, a 1-week increase of 12.17%, and a 1-month increase of 17.85%. Year-to-date, the stock is up 9.47%. The last close of C$238.70 is well above its 50-day moving average of C$199.32 and 200-day moving average of C$179.40. The stock is currently trading within 88% of its 52-week range of C$129.01 to C$253.10.
What to Watch Next
Investors should monitor how quickly other Shopify merchants adopt Croissant Pay and how this impacts overall transaction volumes. Additionally, the average analyst target for Shopify is C$237.31, indicating a slight implied move of -0.6% from the current price. Keeping an eye on customer feedback regarding the new payment system will also be important as more brands begin to use the expanded payment options.
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