Shopify Inc. (SHOP)
NYSE: SHOP · IEX Real-Time Price · USD
57.64
-1.06 (-1.81%)
At close: May 23, 2024, 4:00 PM
57.73
+0.09 (0.16%)
After-hours: May 23, 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 75.42, with a low estimate of 63 and a high estimate of 95. The average target predicts an increase of 30.85% from the current stock price of 57.64.

Analyst Consensus: Buy
Target Low Average Median High
Price $63 $75.42 $76 $95
Change +9.30% +30.85% +31.85% +64.82%

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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 665567
Buy 775577
Hold 181615151212
Sell 122221
Strong Sell 111111
Total 333228282828

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Goldman Sachs
Goldman Sachs
Strong Buy
Upgrades
$67$74
Strong Buy Upgrades $67$74 +28.38% May 22, 2024
Scotiabank
Scotiabank
Hold
Maintains
$80$75
Hold Maintains $80$75 +30.12% May 9, 2024
DA Davidson
DA Davidson
Strong Buy
Maintains
$90$84
Strong Buy Maintains $90$84 +45.73% May 9, 2024
TD Securities
TD Securities
Hold
Maintains
$80$72
Hold Maintains $80$72 +24.91% May 9, 2024
CIBC
CIBC
Buy
Maintains
$100$85
Buy Maintains $100$85 +47.47% May 9, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
8.72B
from 7.06B
Increased by 23.50%
Revenue Next Year
10.47B
from 8.72B
Increased by 20.13%
EPS This Year
1.04
from 0.10
Increased by 944.33%
EPS Next Year
1.36
from 1.04
Increased by 30.11%
Year 2019202020212022202320242025202620272028
Revenue
1.58B2.93B4.61B5.60B7.06B8.72B10.47B12.69B15.41B18.39B
Revenue Growth
47.05%85.63%57.43%21.43%26.07%23.50%20.13%21.11%21.45%19.34%
EPS
-0.110.262.29-2.730.101.041.361.762.422.81
EPS Growth
--784.17%--944.33%30.11%29.61%37.45%16.08%
No. Analysts -----47461854
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 9.4B 11.5B 14.6B 17.8B 21.3B
Avg 8.7B 10.5B 12.7B 15.4B 18.4B
Low 8.1B 9.4B 11.3B 13.8B 16.2B

Revenue Growth

Revenue Growth 20242025202620272028
High
32.4%
31.8%
39.0%
40.4%
38.0%
Avg
23.5%
20.1%
21.1%
21.5%
19.3%
Low
15.1%
7.9%
7.8%
9.0%
5.4%

EPS Forecast

EPS 20242025202620272028
High 2.16 2.50 2.38 2.89 3.51
Avg 1.04 1.36 1.76 2.42 2.81
Low 0.58 0.74 1.18 1.71 2.13

EPS Growth

EPS Growth 20242025202620272028
High
2,063.0%
139.3%
75.4%
64.0%
44.9%
Avg
944.3%
30.1%
29.6%
37.5%
16.1%
Low
478.2%
-29.6%
-13.5%
-3.2%
-12.2%
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.