Shopify’s Q3 revenue and a key financial metric fell short of expectations. Its shares dropped 8.74% in the latest session.
A Nov. 3 headline reported the misses but did not include the results, comparison estimates, or the name of the metric. SHOP.US closed at US$142.57, down 8.74%.
Investor takeaway: The headline confirms that revenue and a key metric missed expectations. Without the figures or metric name, the size and details of the shortfall remain unclear.
Shopify Inc
SHOP.US
SHOP.US
Shopify Inc
WealthAwesomeMarket cap
$202.72B
P/E
105.6x
52W high
$180.88
52W low
$94.00
1W change
-14.02%
Beta
2.66
Analyst Price Targets
Based on 54 analysts covering SHOP · as of Nov 4, 2026
Wall Street analysts forecast SHOP stock price to rise 24.1% over the next 12 months.
Consensus
Buy4.30 / 5.00
Avg. Target
C$176.88
+24.1% Upside
Previously C$176.77 on Oct 29, 2026
Current Price
C$142.57
Last close
Analyst Breakdown (54 analysts)
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
50.2%
Annualized
90-Day Vol
59.1%
Annualized
Trend (90d)
-35.6%
Annualized drift
90d Mean
C$125.55
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$136.65 | C$114.94 – C$162.48 |
| 60 trading days | C$130.98 | C$102.55 – C$167.31 |
| 90 trading days | C$125.55 | C$93.03 – C$169.44 |
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.
Shares fell 8.74% to US$142.57
SHOP.US fell 8.74% in the latest session. The supplied information does not include Shopify’s Q3 revenue, the metric that missed, or the estimates used for comparison.
Bull case
The latest close was above Shopify’s 200-day moving average. The supplied fundamentals also show a 14.5% profit margin and 15.5% return on equity.
Bear case
The Q3 headline reports misses on revenue and a key financial metric. Shares fell 8.74% in the latest session and 14.02% over the past week.
What happened: Q3 revenue and a key metric missed
A Nov. 3 headline said Shopify shares fell after Q3 revenue and a key financial metric missed expectations. The supplied information does not name the metric or provide the results or comparison estimates. A separate earnings-call headline mentions revenue growth but gives no figure, so it does not clarify the Q3 results. Investors can visit Shopify’s stock page, but the details of the reported misses cannot be confirmed from the information provided.
What the numbers show: an 8.74% daily decline
Shopify closed at US$142.57, down 8.74% in the latest session. The supplied figures also show declines of 14.02% over one week, 5.83% over one month, and 9.31% year to date.
Latest volume was 101,055 shares. The listed comparison says volume was 3.01 times the 20-day average, which is reported as 8,230,470 shares. These figures appear inconsistent, so they do not provide a reliable volume comparison.
The close was 6.8% below the 50-day moving average of US$152.92 and 9.8% above the 200-day average of US$129.88. The stock page lists a P/E of 105.5541 and a market capitalization of US$202,719,608,832.
What to watch next: the missing results and metric
The key missing details are Shopify’s Q3 revenue, the name and result of the financial metric that missed, and the estimates used for comparison. Those figures would show the size of the shortfall, but they are not included in the supplied information.
The news list also includes a separate headline about slowing merchandise sales, but provides no supporting figures. It does not establish what drove the reported misses. Investors can visit Shopify’s stock page for company information. The supplied analyst-target data does not explain the Q3 results.
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