Shopify (SHOP) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Shopify stock fell 3.66% on September 23, 2026, underperforming the broader market decline of 0.76%. Despite strong expected earnings growth of 29.41% EPS and 31.22% revenue increase, the stock trades at a premium valuation with a Forward P/E of 78.06 versus industry average of 16.02. Shopify holds a Zacks Rank of #3 (Hold) with a PEG ratio of 2.31.