Shopify Inc. (SHOP)
NYSE: SHOP · IEX Real-Time Price · USD
66.06
+1.43 (2.21%)
At close: Jul 2, 2024, 4:00 PM
66.05
-0.01 (-0.02%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Shopify Stock Forecast
Stock Price Forecast
The 24 analysts with 12-month price forecasts for Shopify stock have an average target of 75.63, with a low estimate of 63 and a high estimate of 96. The average target predicts an increase of 14.49% from the current stock price of 66.06.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Shopify stock from 28 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 5 | 5 | 6 | 7 | 7 |
| Buy | 7 | 5 | 5 | 7 | 7 | 8 |
| Hold | 16 | 15 | 15 | 12 | 12 | 11 |
| Sell | 2 | 2 | 2 | 2 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 32 | 28 | 28 | 28 | 28 | 28 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $95 → $96 | Strong Buy | Maintains | $95 → $96 | +45.32% | Jun 26, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold → Buy Upgrades $75 | Hold → Buy | Upgrades | $75 | +13.53% | Jun 14, 2024 |
| JP Morgan | JP Morgan | Buy Initiates $74 | Buy | Initiates | $74 | +12.02% | Jun 11, 2024 |
| MoffettNathanson | MoffettNathanson | Strong Buy → Hold Downgrades $74 → $65 | Strong Buy → Hold | Downgrades | $74 → $65 | -1.60% | Jun 6, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $67 → $74 | Strong Buy | Maintains | $67 → $74 | +12.02% | May 28, 2024 |
Financial Forecast
Revenue This Year
8.71B
from 7.06B
Increased by 23.41%
Revenue Next Year
10.47B
from 8.71B
Increased by 20.11%
EPS This Year
1.01
from 0.10
Increased by 906.37%
EPS Next Year
1.29
from 1.01
Increased by 27.88%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.3B | 11.6B | 14.4B | 17.4B | 20.5B |
| Avg | 8.7B | 10.5B | 12.7B | 15.3B | 18.0B |
| Low | 8.2B | 9.4B | 11.4B | 13.8B | 16.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 31.6% | 33.4% | 37.9% | 36.9% | 34.1% |
| Avg | 23.4% | 20.1% | 21.1% | 20.5% | 18.1% |
| Low | 16.6% | 8.0% | 8.9% | 8.6% | 5.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.37 | 1.88 | 2.33 | 2.67 | 2.18 |
| Avg | 1.01 | 1.29 | 1.70 | 1.91 | 2.12 |
| Low | 0.64 | 0.72 | 1.14 | 1.39 | 2.04 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1,265.0% | 86.8% | 81.1% | 56.6% | 14.1% |
| Avg | 906.4% | 27.9% | 32.3% | 12.4% | 10.8% |
| Low | 537.0% | -28.9% | -11.7% | -18.3% | 6.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.