Shopify (SHOP) Gets 76% Analyst Buy Rating with Strong Growth Estimates

According to a report from Insider Monkey, Shopify Inc. (NASDAQ:SHOP) continues to attract analyst attention, with RBC Capital ranking it among the best growth stocks to buy and hold in 2026. This is backed by strong earnings per share (EPS) and revenue growth estimates.

Rating Change

The report does not mention a specific rating change by RBC Capital, but notes that as of April 23, 2026, 76% of analysts covering the stock have a Buy rating. This broad consensus reflects market confidence in the company's prospects.

Analyst Rationale

Analysts believe Shopify benefits from the continued growth of U.S. e-commerce. EPS growth estimates of 26.37% and revenue growth of 23.24% over one year strengthen its position as an attractive growth stock. These figures exceed sector averages, indicating the company's ability to generate increasing profits.

Context

This positive rating comes amid volatility in tech stocks. However, Shopify appears to maintain momentum thanks to its strong customer base and innovations in its e-commerce platform. Other analysts were not mentioned in the report, but the high percentage of Buy ratings supports an optimistic outlook.

What We Conclude

The data suggests that Shopify (SHOP) enjoys strong analyst confidence, but investors should consider that future estimates may change based on company performance and economic conditions. This report does not constitute a buy or sell recommendation, but reflects analyst opinion at a specific time.