Shopify Inc. (SHOP)
NYSE: SHOP · IEX Real-Time Price · USD
77.17
-1.45 (-1.84%)
At close: Mar 28, 2024, 4:00 PM
77.10
-0.07 (-0.09%)
After-hours: Mar 28, 2024, 7:59 PM EDT

Shopify Stock Forecast

Stock Price Forecast

The 23 analysts with 12-month price forecasts for Shopify stock have an average target of 71.7, with a low estimate of 57 and a high estimate of 100. The average target predicts a decrease of -7.09% from the current stock price of 77.17.

Analyst Consensus: Buy
Target Low Average Median High
Price $57 $71.7 $69 $100
Change -26.14% -7.09% -10.59% +29.58%

Analyst Ratings

The average analyst rating for Shopify stock from 27 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 666655
Buy 10107755
Hold 181818161514
Sell 111222
Strong Sell 001111
Total 353533322827

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Goldman Sachs
Goldman Sachs
Hold
Maintains
$67$75
Hold Maintains $67$75 -2.81% Feb 29, 2024
UBS
UBS
Hold
Maintains
$75$80
Hold Maintains $75$80 +3.67% Feb 14, 2024
Wells Fargo
Wells Fargo
Buy
Maintains
$90$85
Buy Maintains $90$85 +10.15% Feb 14, 2024
Piper Sandler
Piper Sandler
Sell
Maintains
$56$63
Sell Maintains $56$63 -18.36% Feb 14, 2024
Mizuho
Mizuho
Hold
Maintains
$65$75
Hold Maintains $65$75 -2.81% Feb 14, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
8.73B
from 7.06B
Increased by 23.60%
Revenue Next Year
10.47B
from 8.73B
Increased by 19.99%
EPS This Year
1.05
from 0.10
Increased by 952.23%
EPS Next Year
1.37
from 1.05
Increased by 30.18%
Year 2019202020212022202320242025202620272028
Revenue
1.58B2.93B4.61B5.60B7.06B8.73B10.47B12.61B14.89B17.79B
Revenue Growth
47.05%85.63%57.43%21.43%26.07%23.60%19.99%20.42%18.10%19.46%
EPS
-0.110.262.29-2.730.101.051.371.812.542.35
EPS Growth
--784.17%--952.23%30.18%31.90%40.57%-7.63%
No. Analysts -----46451643
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 9.4B 11.4B 14.3B 16.7B 19.9B
Avg 8.7B 10.5B 12.6B 14.9B 17.8B
Low 8.1B 9.4B 11.3B 12.1B 13.9B

Revenue Growth

Revenue Growth 20242025202620272028
High
32.4%
31.2%
36.2%
32.2%
33.9%
Avg
23.6%
20.0%
20.4%
18.1%
19.5%
Low
15.1%
7.8%
7.8%
-3.9%
-6.5%

EPS Forecast

EPS 20242025202620272028
High 2.16 2.50 2.37 3.36 2.42
Avg 1.05 1.37 1.81 2.54 2.35
Low 0.58 0.74 1.20 1.74 2.25

EPS Growth

EPS Growth 20242025202620272028
High
2,063.0%
137.5%
73.2%
86.0%
-4.9%
Avg
952.2%
30.2%
31.9%
40.6%
-7.6%
Low
478.2%
-30.1%
-12.7%
-3.4%
-11.3%
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.