What is RBC’s latest Shopify price target and rating?

RBC reiterated an Outperform rating on Shopify stock with a US$200 price target. The reaffirmation follows a period of share weakness and signals confidence in the company’s growth plans and profitability path. Investors should still weigh valuation risk and upcoming earnings, which could influence momentum around the analyst view.

Is Shopify stock overvalued right now?

It trades at about 101.9x trailing earnings and 17.0x sales, with a free cash flow yield near 1.06%. Those are rich levels. Bulls point to 25.8% revenue growth, improving cash flow, and low leverage. The premium can persist if execution stays strong, but any growth wobble may pressure multiples.

When is Shopify’s next earnings date?

Shopify reports on February 11, 2026. Key items to watch include gross payment volume, subscription merchant additions, blended take rate, and operating margin. Management’s outlook on consumer demand, marketing efficiency, and currency effects will help set the tone for the next leg in SHOP shares.

Is now a good time to buy SHOP shares?

It depends on your timeframe and risk tolerance. Long-term investors may consider dollar-cost averaging and position caps, given valuation. Traders can watch support near the 200-day average around US$134.5 and resistance at US$146 to US$159. Use ATR-driven stops and reassess after the earnings report.

Global Market Insights

SHOP Stock Today: January 21 RBC Reiterates $200 Target Amid Valuation Debate

ByHuzaifa Zahoor January 22, 2026January 22, 2026

Shopify stock is in focus after RBC Capital reiterated Outperform with a US$200 Shopify price target, even as shares weakened. Today, SHOP fell 4.1% to US$138.54, keeping the Shopify valuation debate front and centre for Canadian investors. The company still posts strong growth and solid margins, but the premium multiple raises questions during volatility. With earnings due on February 11, 2026, we review what the rating means, key levels, and how to position around near-term risks.