Shopify Inc. (SHOP)
NYSE: SHOP · Real-Time Price · USD
108.36
+18.37 (20.41%)
At close: Nov 12, 2024, 4:00 PM
106.34
-2.02 (-1.86%)
After-hours: Nov 12, 2024, 6:02 PM EST
Shopify Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Shopify stock have an average target of 79.45, with a low estimate of 65 and a high estimate of 103. The average target predicts a decrease of -26.68% from the current stock price of 108.36.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 8 | 8 | 9 | 8 | 8 |
| Buy | 8 | 9 | 9 | 9 | 9 | 9 |
| Hold | 11 | 11 | 12 | 13 | 13 | 13 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 28 | 30 | 31 | 33 | 32 | 32 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Hold Maintains $75 → $80 | Hold | Maintains | $75 → $80 | -26.17% | Oct 24, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $85 → $100 | Buy | Maintains | $85 → $100 | -7.71% | Oct 18, 2024 |
| Loop Capital | Loop Capital | Hold Maintains $80 → $90 | Hold | Maintains | $80 → $90 | -16.94% | Oct 9, 2024 |
| Baird | Baird | Buy Maintains $79 → $90 | Buy | Maintains | $79 → $90 | -16.94% | Oct 9, 2024 |
| Barclays | Barclays | Hold Maintains $65 → $70 | Hold | Maintains | $65 → $70 | -35.40% | Oct 1, 2024 |
Financial Forecast
Revenue This Year
8.82B
from 7.06B
Increased by 24.99%
Revenue Next Year
10.66B
from 8.82B
Increased by 20.81%
EPS This Year
1.13
from 0.10
Increased by 1,004.08%
EPS Next Year
1.40
from 1.13
Increased by 23.57%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.3B | 12.0B | 14.8B | ||
| Avg | 8.8B | 10.7B | 12.9B | ||
| Low | 8.4B | 9.8B | 11.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 32.0% | 36.2% | 38.7% | ||
| Avg | 25.0% | 20.8% | 21.0% | ||
| Low | 19.0% | 11.1% | 9.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.63 | 1.83 | 2.36 | ||
| Avg | 1.13 | 1.40 | 1.87 | ||
| Low | 0.86 | 0.86 | 1.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1,485.3% | 61.2% | 68.7% | ||
| Avg | 1,004.1% | 23.6% | 33.7% | ||
| Low | 740.0% | -23.9% | -15.3% |
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.