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Shopify Inc
NYSE:SHOP

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Shopify Inc Logo
Shopify Inc
NYSE:SHOP
Watchlist
Price: 72.285 USD -2.33% Market Closed
Updated: Apr 24, 2024
Section:
 

Wall Street
Price Targets

SHOP Price Targets Summary
Shopify Inc

Wall Street analysts forecast SHOP stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SHOP is 84.065 USD with a low forecast of 60.6 USD and a high forecast of 105 USD.

SHOP Lowest Forecast
Wall Street Target
60.6 USD
16% Downside
SHOP Average Forecast
Wall Street Target
84.065 USD
16% Upside
SHOP Highest Forecast
Wall Street Target
105 USD
45% Upside
Lowest
Price Target
60.6 USD
16% Downside
Average
Price Target
84.065 USD
16% Upside
Highest
Price Target
105 USD
45% Upside

SHOP Last Price Targets
Shopify Inc

The latest public price target was made on Apr 19, 2024 by Keith Weiss from Morgan Stanley , who expects SHOP stock to rise by 18% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Keith Weiss
Morgan Stanley
85 USD
Upside 18%
5 days ago
Apr 19, 2024
Morgan Stanley Upgrades Shopify (SHOP) to Overweight, 'Still Operating Leverage Left to Realize'
StreetInsider
Anthony Chukumba
Loop Capital Markets
80 USD
Upside 11%
1 week ago
Apr 15, 2024
Shopify (SHOP) PT Lowered to $80 at Loop Capital
StreetInsider
Colin Sebastian
Robert W. Baird
87 USD
Upside 20%
3 weeks ago
Apr 3, 2024
Shopify (SHOP) PT Raised to $87 at Baird, 'see modest sequential (Q/Q) growth'
StreetInsider
Ken Wong
Oppenheimer
90 USD
Upside 25%
1 month ago
Mar 18, 2024
Oppenheimer Sees Risk to Shopify (SHOP) Revenue Consensus
StreetInsider
Andrew Jeffrey
Truist Financial
60 USD
Downside 17%
2 months ago
Feb 9, 2024
Affirm's Guidance Implies Slowdown In GMV Growth: 7 Analysts Examine Q2 Print
Benzinga
Clarke Jeffries
Piper Sandler
56 USD
Downside 23%
4 months ago
Dec 6, 2023
Why Is Shopify Stock Trading Lower Wednesday?
Benzinga
Paul Treiber
RBC Capital
80 USD
Upside 11%
4 months ago
Nov 27, 2023
Shopify Enjoys Growth On Heels Of Black Friday: Here's What Analysts Have To Say
Benzinga
Darren Aftahi
Roth Capital
76 USD
Upside 5%
7 months ago
Aug 29, 2023
Shopify To Gain From Dominant Position In Omni-Channel Commerce Space: Analyst
Benzinga
Paul Treiber
RBC Capital
75 USD
Upside 4%
9 months ago
Jul 20, 2023
Shopify's AI Initiatives And Pricing Strategy Could Expand Total Addressable Market And Boost Stock Performance: Analyst
Benzinga
Darren Aftahi
Roth Capital
73 USD
Upside 1%
9 months ago
Jul 13, 2023
Shopify Expected To Show Robust Merchant Growth In 2Q23, Survey Indicates: Analyst
Benzinga
Ken Wong
Oppenheimer
80 USD
Upside 11%
10 months ago
Jun 20, 2023
Shopify Expects Stronger Margins And EBIT In FY24: Analyst
Benzinga
Josh Beck
KeyBanc
65 USD
Downside 10%
11 months ago
May 5, 2023
Analyst Raises Shopify's EBIT Forecasts, Sees Strong Growth Potential With Flexport Deal
Benzinga
Ken Wong
Oppenheimer
65 USD
Downside 10%
1 year ago
Apr 13, 2023
Analyst Predicts Shopify Revenue Growth To Exceed Pre-Covid Levels, Sees Significant Upside
Benzinga
Andrew Boone
JMP Securities
65 USD
Downside 10%
1 year ago
Apr 12, 2023
Shopify Shares Climb As Analyst Turns Bullish On Upside Potential And Market Share Gains
Benzinga
Josh Beck
Loop Capital Markets
55 USD
Downside 24%
1 year ago
Feb 16, 2023
What 6 Shopify Analysts Are Saying About Q4 Results, Q1 Guidance
Benzinga
Unknown Analyst
Citigroup
54 USD
Downside 25%
1 year ago
Feb 2, 2023
Citigroup Maintains Neutral on Shopify, Raises Price Target to $54
Benzinga
Unknown Analyst
Scotiabank
43 USD
Downside 41%
1 year ago
Feb 1, 2023
Scotiabank Initiates Coverage On Shopify with Sector Perform Rating, Announces Price Target of $43
Benzinga
Show More Price Targets
Show Less Price Targets
Keith Weiss
Morgan Stanley
Price Target 85 USD
Upside/Downside 18%
View Source
Anthony Chukumba
Loop Capital Markets
Price Target 80 USD
Upside/Downside 11%
View Source
Colin Sebastian
Robert W. Baird
Price Target 87 USD
Upside/Downside 20%
View Source
Ken Wong
Oppenheimer
Price Target 90 USD
Upside/Downside 25%
View Source
Andrew Jeffrey
Truist Financial
Price Target 60 USD
Upside/Downside 17%
View Source
Clarke Jeffries
Piper Sandler
Price Target 56 USD
Upside/Downside 23%
View Source
Paul Treiber
RBC Capital
Price Target 80 USD
Upside/Downside 11%
View Source
Darren Aftahi
Roth Capital
Price Target 76 USD
Upside/Downside 5%
View Source
Paul Treiber
RBC Capital
Price Target 75 USD
Upside/Downside 4%
View Source
Darren Aftahi
Roth Capital
Price Target 73 USD
Upside/Downside 1%
View Source
Ken Wong
Oppenheimer
Price Target 80 USD
Upside/Downside 11%
View Source
Josh Beck
KeyBanc
Price Target 65 USD
Upside/Downside 10%
View Source
Ken Wong
Oppenheimer
Price Target 65 USD
Upside/Downside 10%
View Source
Andrew Boone
JMP Securities
Price Target 65 USD
Upside/Downside 10%
View Source
Josh Beck
Loop Capital Markets
Price Target 55 USD
Upside/Downside 24%
View Source
Unknown Analyst
Citigroup
Price Target 54 USD
Upside/Downside 25%
View Source
Unknown Analyst
Scotiabank
Price Target 43 USD
Upside/Downside 41%
View Source
Show More Price Targets
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Shopify Inc Competitors:
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TWLO
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WIIT
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53% Upside
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52% Upside
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Revenue
Forecast

Revenue Estimate
Shopify Inc

For the last 8 years the compound annual growth rate for Shopify Inc's revenue is 56%. The projected CAGR for the next 3 years is 22%.

56%
Past Growth
22%
Estimated Growth
Estimates Accuracy
0%
Average Miss
What are analyst estimates?

Operating Income
Forecast

Operating Income Estimate
Shopify Inc

N/A
Past Growth
N/A
Estimated Growth
Estimates Accuracy
N/A
Average
What are analyst estimates?

Net Income
Forecast

Net Income Estimate
Shopify Inc

The compound annual growth rate of Shopify Inc's net income for the next 3 years is 157%.

N/A
Past Growth
157%
Estimated Growth
Estimates Accuracy
37%
Average Beat
What are analyst estimates?

See Also

Summary
SHOP intrinsic value, competitors valuation, and company profile.
DCF Valuation
SHOP stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SHOP stock valuation using valuation multiples.
Wall Street Estimates
SHOP price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SHOP stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is SHOP's stock price target?
Price Target
84.065 USD

According to Wall Street analysts, the average 1-year price target for SHOP is 84.065 USD with a low forecast of 60.6 USD and a high forecast of 105 USD.

What is Shopify Inc's Revenue forecast?
Projected CAGR
22%

For the last 8 years the compound annual growth rate for Shopify Inc's revenue is 56%. The projected CAGR for the next 3 years is 22%.

What is Shopify Inc's Net Income forecast?
Projected CAGR
157%

The compound annual growth rate of Shopify Inc's net income for the next 3 years is 157%.

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