Based on 30 Wall Street analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is $77.04 with a high forecast of $95.00 and a low forecast of $63.00. The average price target represents a 33.08% change from the last price of $57.89.

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Highest Price Target$95.00

Average Price Target$77.04

Lowest Price Target$63.00

The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts

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Loop Capital Markets

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Reiterated

05/09/24

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Oppenheimer

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Assigned

05/09/24

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D.A. Davidson

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Reiterated

05/09/24

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TD Securities

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Reiterated

05/09/24

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Seaport Global

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Reiterated

05/09/24

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JMP Securities

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Upgraded

05/09/24

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Citi

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Reiterated

05/09/24

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Scotiabank

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Reiterated

05/09/24

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CIBC

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Reiterated

05/09/24

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Piper Sandler

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Upgraded

05/09/24

Trevor Young

Barclays

$63.00

Hold

8.83%

Upside

Reiterated

05/09/24

Barclays Keeps Their Hold Rating on Shopify (SHOP)

Bhavin Shah

Deutsche Numis

$80.00

Buy

38.19%

Upside

Reiterated

05/09/24

Shopify price target lowered to $80 from $95 at Deutsche BankShopify price target lowered to $80 from $95 at Deutsche Bank

Paul Treiber

RBC Capital

$85.00

Buy

46.83%

Upside

Reiterated

05/08/24

Analysts Offer Insights on Technology Companies: AppLovin (NASDAQ: APP), Gilat (NASDAQ: GILT) and Shopify (NYSE: SHOP)

Colin Sebastian

Robert W. Baird

$77.00

Buy

33.01%

Upside

Reiterated

05/08/24

Shopify Earns 'Buy' Rating from Colin Sebastian on Strong Quarterly Performance and Growth Potential

Scott Devitt

Wedbush

$68.00

Hold

17.46%

Upside

Reiterated

05/08/24

Shopify price target lowered to $68 from $75 at WedbushShopify price target lowered to $68 from $75 at Wedbush

Best Analysts Covering Shopify

Which Analyst Should I Follow If I Want to Buy SHOP and Sell After:

1 Month

Richard TseNational Bank

Success Rate

22/32 ratings generated profit

Average Return

+6.97%

reiterated a buy rating 4 months ago

Copying Richard Tse's trades and holding each position for 1 Month would result in 68.75% of your transactions generating a profit, with an average return of +6.97% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

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3 Months

Kenneth WongOppenheimer

Success Rate

15/22 ratings generated profit

Average Return

+14.11%

assigned a buy rating 6 days ago

Copying Kenneth Wong's trades and holding each position for 3 Months would result in 68.18% of your transactions generating a profit, with an average return of +14.11% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

Premium Content

Find out which analyst has the highest Average Return & Success Rate

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1 Year

Richard TseNational Bank

Success Rate

25/32 ratings generated profit

Average Return

+84.80%

reiterated a buy rating 4 months ago

Copying Richard Tse's trades and holding each position for 1 Year would result in 78.13% of your transactions generating a profit, with an average return of +84.80% per trade.

2 Years

Richard TseNational Bank

Success Rate

21/32 ratings generated profit

Average Return

+153.85%

reiterated a buy rating 4 months ago

Copying Richard Tse's trades and holding each position for 2 Years would result in 65.63% of your transactions generating a profit, with an average return of +153.85% per trade.

dummydummy

Success Rate

0/0 ratings generated profit

Average Return

0.00%

a rating ―

Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.

Premium Content

Find out which analyst has the highest Average Return & Success Rate

Go Premium

The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

SHOP Analyst Recommendation Trends

Rating

Jan 24

Feb 24

Mar 24

Apr 24

May 24

Strong Buy

Buy

Hold

Sell

Strong Sell

total

In the current month, SHOP has received 23 Buy Ratings, 19 Hold Ratings, and 1 Sell Ratings. SHOP average Analyst price target in the past 3 months is $77.04.

Each month's total comprises the sum of three months' worth of ratings.

Stocks with the Highest Top Analyst Consensus in the Technology Sector

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Find stocks in the Technology sector that are highly recommended by Top Performing Analysts.

SHOP Financial Forecast

SHOP Earnings Forecast

Next quarter’s earnings estimate for SHOP is $0.20 with a range of $0.13 to $0.26. The previous quarter’s EPS was $0.20. SHOP beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.77% of the time in the same period. In the last calendar year SHOP has Outperformed its overall industry.

SHOP Sales Forecast

Next quarter’s sales forecast for SHOP is $2.01B with a range of $1.97B to $2.07B. The previous quarter’s sales results were $1.83B. SHOP beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 65.61% of the time in the same period. In the last calendar year SHOP has Outperformed its overall industry.

SHOP Stock Forecast FAQ

What is SHOP’s average 12-month price target, according to analysts?

Based on analyst ratings, Shopify’s 12-month average price target is $77.04.

What is SHOP’s upside potential, based on the analysts’ average price target?

Shopify has 33.08% upside potential, based on the analysts’ average price target.

Can I see which stocks the top-ranking analysts are rating?

Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

How can I follow the stock ratings of top Wall Street analysts?

Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.

Is SHOP a Buy, Sell or Hold?

Shopify has a conensus rating of Moderate Buy which is based on 15 buy ratings, 14 hold ratings and 1 sell ratings.

What is Shopify’s price target?

The average price target for Shopify is $77.04. This is based on 30 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $95.00 ,the lowest forecast is $63.00. The average price target represents 33.08% Increase from the current price of $57.89.

What do analysts say about Shopify?

Shopify’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 30 Wall Streets Analysts.

How can I buy shares of SHOP?

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Shopify (SHOP) Stock Forecast & Price Target

SHOP Analyst Ratings

SHOP Stock 12 Month Forecast

Average Price Target

Detailed List of Analyst Forecasts​

Best Analysts Covering Shopify

SHOP Analyst Recommendation Trends

SHOP Financial Forecast

SHOP Earnings Forecast

SHOP Sales Forecast

SHOP Stock Forecast FAQ

Get More with TipRanks Premium

Detailed List of Analyst Forecasts