Shopify (SHOP) To Continue Growing Ahead of U.S. E-Commerce Market, According to RBC Capital

Backed by one-year EPS and gross maturation estimates of 26.37% and 23.24%, respectively, Shopify Inc. (NASDAQ:SHOP) ranks among the best maturation stocks to bargain and clasp successful 2026.

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Shopify Inc. (NASDAQ:SHOP) heads into precocious April 2026 with coagulated expert backing. As of April 23, 2026, 76% of analysts covering the banal person a Buy rating, and the statement terms people of $160 implies astir 76% upside potential.

On April 21, 2026, RBC Capital stood by its “Outperform” standing and $170 terms people connected Shopify Inc. (NASDAQ:SHOP), aft caller U.S. e-commerce maturation information pointed to continued marketplace stock gains for the company. The steadfast said the information shows first-quarter gross merchandise measurement grew 34.3% year-over-year to $100.4 billion, coming successful 1.8% supra the statement estimation of $98.7 billion. RBC besides noted that gross outgo measurement momentum has been moving up of GMV, driven by increasing payments uptake and continued spot successful offline channels.

Beyond the measurement numbers, RBC flagged a fewer different tailwinds worthy watching.

U.S. user spending picked up done March, and e-commerce maturation came successful stronger compared with the 4th quarter. Shopify Inc. (NASDAQ:SHOP) is besides expected to payment from a larger overseas speech tailwind successful the archetypal 4th than it saw successful the 4th quarter, estimated astatine 225 ground points versus 120 ground points.

Looking further out, RBC said Shopify’s quality to turn up of the broader U.S. e-commerce marketplace should continue, supported by traction with ample enterprises, planetary expansion, and newer channels specified arsenic point-of-sale and business-to-business.

All of that builds connected a beardown acceptable of results that Shopify Inc. (NASDAQ:SHOP) reported for the 4th fourth and full-year 2025.

The institution reported 4th fourth gross maturation of 31%, alongside a 19% escaped currency travel margin. For the afloat year, gross grew 30% with a 17% escaped currency travel margin. Shopify Inc. (NASDAQ:SHOP) besides highlighted that 2025 spot was broad-based crossed merchant sizes, regions, and channels.

For 2026, Shopify Inc. (NASDAQ:SHOP) guided first-quarter gross to turn astatine a complaint successful the low-30s percent scope compared to the aforesaid play past twelvemonth and besides announced a $2 cardinal stock repurchase program. The institution volition denote its Q1 2026 results connected May 5, 2026.

Shopify Inc. (NASDAQ:SHOP) operates arsenic an e-commerce exertion institution crossed the United States, Asia-Pacific, Canada, the Middle East, Europe, Africa, and Latin America. The institution offers tools to run, scale, market, and commencement online businesses of antithetic sizes.