Shopify (SHOP) Stock Forecast & Price Prediction

Estimation of the future price movement of Shopify stock, based on various factors such as historical price trends, market trends, company performance, and economic conditions.

Price target


Current $71.98

Concensus $83.78


Low $30.00

Median $76.00

High $200.00

Based on analysts projections #SHOP is expected to experience a positive growth trajectory over the next year.

The current average SHOP price target, as estimated by these analysts, is $83.78.

The predictions for the future SHOP stock price range from a low of $30.00 to a high of $200.00, highlighting the variability of market expectations for SHOP.

It is important to note that market fluctuations and unforeseen events can have an impact on these projections, so investors should always exercise caution and conduct thorough research before making any investment decisions.

SHOP stock forecasts by analyst

Analyst / firm Date Rating Price target Price when posted
Colin Sebastian
Robert W. Baird
April 3, 2024 Buy 87.00 78.12
Ken Wong
Oppenheimer
March 18, 2024 Buy 90.00 77.52
Andrew Jeffrey
Truist Financial
February 9, 2024 Sell 60.00 90.13
Clarke Jeffries
Piper Sandler
December 6, 2023 Sell 56.00 72.67
Paul Treiber
RBC Capital
November 27, 2023 Buy 80.00 73.25
Darren Aftahi
Roth Capital
August 29, 2023 Buy 76.00 59.07
Paul Treiber
RBC Capital
July 20, 2023 Buy 75.00 65.39
Darren Aftahi
Roth Capital
July 13, 2023 Buy 73.00 70.07
Ken Wong
Oppenheimer
June 20, 2023 Buy 80.00 64.29
Josh Beck
KeyBanc
May 5, 2023 Sell 65.00 62.12
Ken Wong
Oppenheimer
April 13, 2023 Sell 65.00 45.80
Andrew Boone
JMP Securities
April 12, 2023 Sell 65.00 46.57
Josh Beck
Loop Capital Markets
February 16, 2023 Sell 55.00 45.79
Citigroup February 2, 2023 Sell 54.00 53.29
Scotiabank February 1, 2023 Sell 43.00 49.27
UBS December 8, 2022 Sell 30.00 36.73
Paul Treiber
RBC Capital
November 28, 2022 Sell 55.00 37.80
Colin Sebastian
Robert W. Baird
November 28, 2022 Sell 50.00 37.80
MoffettNathanson November 15, 2022 Sell 30.00 40.78
Keith Weiss
Morgan Stanley
September 24, 2022 Sell 40.00 28.76
Ken Wong
Oppenheimer
September 8, 2022 Sell 45.00 31.70
Kunaal Malde
Atlantic Equities
August 11, 2022 Sell 46.00 40.61
Scott Devitt
Stifel Nicolaus
July 5, 2022 Sell 65.00 31.41
Terry Tillman
Truist Financial
July 5, 2022 Sell 35.00 31.41
David Hynes
Canaccord Genuity
May 9, 2022 Buy 515.00 34.00
Scott Devitt
Stifel Nicolaus
May 6, 2022 Buy 650.00 41.31
Brian Schwartz
Oppenheimer
May 6, 2022 Buy 500.00 41.31
Samad Samana
Jefferies
May 6, 2022 Buy 550.00 41.31
Loop Capital Markets May 3, 2022 Buy 460.00 46.65
Ygal Arounian
Wedbush
May 3, 2022 Buy 630.00 45.30
Bhavin Shah
Deutsche Bank
May 2, 2022 Buy 550.00 43.89
Paul Treiber
RBC Capital
April 28, 2022 Buy 1,000.00 44.44
Darren Aftahi
Roth Capital
April 26, 2022 Buy 625.00 42.81
Scott Devitt
Stifel Nicolaus
April 25, 2022 Buy 800.00 46.00
Brent Bracelin
Piper Sandler
April 25, 2022 Buy 800.00 46.00
Jeff Cantwell
Wells Fargo
April 7, 2022 Buy 834.00 64.40
Ygal Arounian
Wedbush
February 17, 2022 Buy 937.00 66.00
Gabriela Borges
Goldman Sachs
February 17, 2022 Buy 833.00 66.00
Daniel Chan
TD Securities
February 17, 2022 Buy 840.00 66.00
Tyler Radke
Citigroup
February 17, 2022 Buy 882.00 66.00
Timothy Chiodo
Credit Suisse
February 17, 2022 Buy 850.00 66.00
Anthony Chukumba
Loop Capital Markets
February 17, 2022 Buy 800.00 66.00
Trevor Young
Barclays
February 17, 2022 Buy 900.00 66.00
Bhavin Shah
Deutsche Bank
February 16, 2022 Buy 900.00 74.69
Scott Devitt
Stifel Nicolaus
February 16, 2022 Buy 1,000.00 74.69
Brent Bracelin
Piper Sandler
February 16, 2022 Buy 900.00 74.69
Brian Schwartz
Oppenheimer
February 16, 2022 Buy 960.00 74.69
Siti Panigrahi
Mizuho Securities
February 16, 2022 Buy 800.00 74.69
Mark Mahaney
Evercore ISI
February 16, 2022 Buy 1,000.00 74.69
Josh Beck
KeyBanc
February 15, 2022 Buy 1,150.00 88.95
Keith Weiss
Morgan Stanley
February 14, 2022 Buy 1,150.00 84.75
Trevor Young
Barclays
February 6, 2022 Buy 1,200.00 87.60
Andrew Bauch
SMBC Nikko
January 26, 2022 Buy 1,200.00 86.89
Josh Beck
KeyBanc
January 25, 2022 Buy 1,250.00 89.24
Scott Devitt
Stifel Nicolaus
January 18, 2022 Buy 1,300.00 105.47
Mark Zgutowicz
Benchmark Co.
November 29, 2021 Buy 2,000.00 156.70
Todd Coupland
CIBC
October 29, 2021 Buy 2,168.00 146.67
John Coffey
Susquehanna
October 29, 2021 Buy 1,700.00 146.67
Jim Kelleher
Argus Research
July 29, 2021 Buy 1,850.00 152.50
Jonathan Kees
Daiwa
April 28, 2021 Buy 1,450.00 128.88

Shopify (SHOP) Fundamentals Checker

Financial metrics are used to evaluate financial stability which helps analysts determine if Shopify is undervalued compared to its fair value. A company's financial health can strongly influence the stock forecast.

Strong Buy

Financial Scores

Updated on: 11/04/2024

Altman Z-Score: 26.1

Piotroski Score: 7.0

ESG Score

Updated on: 11/04/2024

Environmental: 80.8

Social: 70.6

Governance: 77.9

Financial Health

Updated on: 11/04/2024

DCF: Neutral

ROE: Strong Buy

ROA: Strong Buy

Debt to equity ratio: Neutral

Price to earnings ratio: Strong Buy

Price to book ratio: Strong Buy

SHOP Discounted Cash Flow

Updated on: 11/04/2024

$14.115
Discounted Cash Flow Value


$71.980
Current Price

SHOP Revenues by Segment

Updated on: 11/04/2024

Service
$41,121,050.00
Subscription and Circulation
$14,877,590.00

Revenue from Contract with Customer, Excluding Assessed Tax

SHOP Revenues by Region

Updated on: 11/04/2024

AUSTRALIA
$316,250.00
CANADA
$481,070.00
Other Countries
$706,960.00
UNITED STATES
$4,782,860.00

SHOP Notes Due

Updated on: 11/04/2024

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Shopify (SHOP) Social Sentiments

Monitoring bullish and bearish sentiments towards Shopify on Twitter and Stocktwits could help to forecast an upward or downward trend in Shopify stock price.

Positive Outlook for Shopify's Stock Forecast in the Booming E-Commerce Market

Shopify (SHOP) is a leading software company specializing in e-commerce solutions for businesses of all sizes. With an expansive platform that offers customizable online stores, payment processing, and shipping solutions, Shopify has quickly become a popular choice for entrepreneurs looking to establish an online presence. As of 2023, Shopify serves over 1 million merchants globally, and the company's stock has... Read more

Shopify's Impressive Performance: A Stock Prediction in the Software-Application Sector

The Software-Application sector has become a key player in the stock market in recent years, with the growth of technology and e-commerce industries. Many software solutions have emerged, catering to various business and individual needs. One of the companies that have made significant strides in the software-application arena is Shopify, a Canadian-based e-commerce platform that provides businesses with tools for...
Shopify's share price has shown an impressive performance over the past year. At present, it stands at approximately $1,076 per share with a market capitalization of over $130 billion. Such an explosive growth rate is not only impressive but speaks volumes about Shopify's potential to generate significant returns for its investors.

The forward-thinking nature of its founders has translated into an easily accessible and user-friendly platform that supports small and large businesses alike. Regardless of business size – whether you are a boutique retailer or a multinational corporation – Shopify offers customized solutions tailored to your needs.

Shopify continually updates its software features, enhancing its clients' experience while ensuring they stand out from their competitors. As more individuals globally continue to embrace online shopping as part of their daily lives, Shopify's potential seems limitless.

Given Shopify's excellent track record so far, many market analysts predict continued success for the company. However, as with any other stock prediction situation, unforeseen circumstances or changes in general economic conditions can affect both long-term outlooks as well as short-term predictions; thus investors should exercise caution when investing.

Nevertheless, given what we know about Shopify’s phenomenal innovations within eCommerce and web development sectors in general - especially considering how quickly and thoroughly our society increasingly relies upon web technologies these days - we believe giving “SHOP” stocks serious consideration during future investments could produce favorable gains over time. So keep an eye on this lucrative software-application provider!">Read more