Shopify Inc. (SHOP)
NYSE: SHOP · Real-Time Price · USD
108.95
+1.88 (1.76%)
At close: Dec 20, 2024, 4:00 PM
109.50
+0.55 (0.50%)
After-hours: Dec 20, 2024, 7:59 PM EST
Shopify Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Shopify stock have an average target of 99.72, with a low estimate of 70 and a high estimate of 140. The average target predicts a decrease of -8.47% from the current stock price of 108.95.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Shopify stock from 32 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 9 | 8 | 8 | 9 |
| Buy | 9 | 9 | 9 | 9 | 11 | 11 |
| Hold | 11 | 12 | 13 | 13 | 13 | 11 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Total | 30 | 31 | 33 | 32 | 34 | 32 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JMP Securities | JMP Securities | Buy Reiterates $120 | Buy | Reiterates | $120 | +10.14% | Dec 12, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $120 | Buy | Reiterates | $120 | +10.14% | Dec 6, 2024 |
| Loop Capital | Loop Capital | Hold → Strong Buy Upgrades $140 | Hold → Strong Buy | Upgrades | $140 | +28.50% | Dec 6, 2024 |
| MoffettNathanson | MoffettNathanson | Hold Maintains $86 → $99 | Hold | Maintains | $86 → $99 | -9.13% | Nov 26, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $90 → $130 | Buy | Maintains | $90 → $130 | +19.32% | Nov 13, 2024 |
Financial Forecast
Revenue This Year
8.97B
from 7.06B
Increased by 27.01%
Revenue Next Year
10.98B
from 8.97B
Increased by 22.49%
EPS This Year
1.29
from 0.10
Increased by 1,156.10%
EPS Next Year
1.54
from 1.29
Increased by 19.45%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 9.3B | 11.8B | 14.4B | |||
| Avg | 9.0B | 11.0B | 13.1B | |||
| Low | 8.5B | 10.2B | 11.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 31.5% | 31.7% | 31.5% | |||
| Avg | 27.0% | 22.5% | 19.4% | |||
| Low | 20.2% | 13.4% | 6.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 1.66 | 1.90 | 2.58 | |||
| Avg | 1.29 | 1.54 | 1.91 | |||
| Low | 1.16 | 0.89 | 1.33 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 1,516.0% | 47.4% | 67.7% | |||
| Avg | 1,156.1% | 19.4% | 24.0% | |||
| Low | 1,026.4% | -30.8% | -13.5% |
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.