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
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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 6 | 6 | 6 | 6 | 5 | 5 |
Buy | 10 | 10 | 7 | 7 | 5 | 5 |
Hold | 18 | 18 | 18 | 16 | 15 | 14 |
Sell | 1 | 1 | 1 | 2 | 2 | 2 |
Strong Sell | 0 | 0 | 1 | 1 | 1 | 1 |
Total | 35 | 35 | 33 | 32 | 28 | 27 |
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 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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.