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NYSE: SHOP
Shopify Inc Stock Forecast, Predictions & Price Target

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Analyst price target for SHOP

Based on 21 analysts offering 12 month price targets for Shopify Inc.
Min Forecast
$30.00-22.36%
Avg Forecast
$212.67+450.38%
Max Forecast
$850.00+2,099.79%

Should I buy or sell SHOP stock?

Based on 28 analysts offering ratings for Shopify Inc.
Buy
Strong Buy
6 analysts 21.43%
Buy
7 analysts 25%
Hold
15 analysts 53.57%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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SHOP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Mizuho
Bottom 4%
4
HoldMaintains$40.00+3.52%2022-12-08Find out why
Anonymous
UBS
Strong SellInitiates Coverage On$30.00-22.36%2022-12-08Find out why
Wolfe Research
Top 10%
91
HoldDowngradesN/AN/A2022-12-07Find out why
CiBC
Top 38%
63
BuyUpgradesN/AN/A2022-12-07Find out why
Moffett Nathanson
Bottom 50%
50
HoldInitiates Coverage On$30.00-22.36%2022-11-15Find out why
Morgan Stanley
Top 18%
83
HoldMaintains$42.00+8.70%2022-10-28
Wells Fargo
Bottom 7%
7
Strong BuyMaintains$42.00+8.70%2022-10-28Find out why
Piper Sandler
Bottom 5%
5
HoldMaintains$36.00-6.83%2022-10-28
Citigroup
Bottom 7%
7
HoldMaintains$35.00-9.42%2022-10-25Find out why
KeyBanc
Top 40%
61
Strong BuyMaintains$45.00+16.46%2022-10-24Find out why

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Forecast return on equity

Is SHOP forecast to generate an efficient return?
Company
5.85%
Industry
19.51%
Market
62.68%
SHOP's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is SHOP forecast to generate an efficient return on assets?
Company
4.54%
Industry
6.07%
SHOP is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

SHOP earnings per share forecast

What is SHOP's earnings per share in the next 3 years based on estimates from 22 analysts?
Avg 1 year Forecast
-$0.45
Avg 2 year Forecast
-$0.40
Avg 3 year Forecast
-$0.13

SHOP revenue forecast

What is SHOP's revenue in the next 3 years based on estimates from 32 analysts?
Avg 1 year Forecast
$5.5B+4.72%
Avg 2 year Forecast
$6.8B+29.61%
Avg 3 year Forecast
$8.7B+66.3%
SHOP's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

SHOP revenue growth forecast

How is SHOP forecast to perform vs Software - Application companies and vs the US market?
Company
18.48%
Industry
13.72%
Market
6.67%
SHOP's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
SHOP's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

SHOP vs App Stocks

TickerPricePrice TargetUp/downsideConsensus
SHOP$38.64$212.67+450.38%Buy
SNOW$142.87$197.07+37.93%Buy
UBER$26.45$48.36+82.84%Strong Buy
CDNS$164.06$193.50+17.94%Buy
WDAY$169.33$203.55+20.21%Strong Buy

Shopify Stock Forecast FAQ

Is Shopify Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 28 Wall Street analysts covering (NYSE: SHOP) stock is to Buy SHOP stock.

Out of 28 analysts, 6 (21.43%) are recommending SHOP as a Strong Buy, 7 (25%) are recommending SHOP as a Buy, 15 (53.57%) are recommending SHOP as a Hold, 0 (0%) are recommending SHOP as a Sell, and 0 (0%) are recommending SHOP as a Strong Sell.

If you're new to stock investing, here's how to buy Shopify stock.

What is SHOP's earnings growth forecast for 2022-2024?

(NYSE: SHOP) Shopify's forecast annual earnings growth rate of N/A is not forecast to beat the US Software - Application industry's average forecast earnings growth rate of 29.09%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.05%.

Shopify's earnings in 2022 is -$3,208,035,000.On average, 22 Wall Street analysts forecast SHOP's earnings for 2022 to be -$572,408,121, with the lowest SHOP earnings forecast at -$775,931,008, and the highest SHOP earnings forecast at -$25,440,361. On average, 26 Wall Street analysts forecast SHOP's earnings for 2023 to be -$508,807,218, with the lowest SHOP earnings forecast at -$1,004,894,256, and the highest SHOP earnings forecast at -$12,720,180.

In 2024, SHOP is forecast to generate -$165,362,346 in earnings, with the lowest earnings forecast at -$1,004,894,256 and the highest earnings forecast at $725,050,286.

What is SHOP's revenue growth forecast for 2022-2024?

(NYSE: SHOP) Shopify's forecast annual revenue growth rate of 18.48% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 13.72%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 6.67%.

Shopify's revenue in 2022 is $5,244,910,000.On average, 32 Wall Street analysts forecast SHOP's revenue for 2022 to be $6,986,414,107,598, with the lowest SHOP revenue forecast at $6,414,736,125,256, and the highest SHOP revenue forecast at $7,397,662,629,942. On average, 32 Wall Street analysts forecast SHOP's revenue for 2023 to be $8,647,364,391,343, with the lowest SHOP revenue forecast at $7,053,174,702,724, and the highest SHOP revenue forecast at $10,150,983,851,050.

In 2024, SHOP is forecast to generate $11,095,171,046,145 in revenue, with the lowest revenue forecast at $8,466,005,146,416 and the highest revenue forecast at $14,097,903,205,623.

What is SHOP's forecast return on assets (ROA) for 2022-2025?

(NYSE: SHOP) forecast ROA is 4.54%, which is lower than the forecast US Software - Application industry average of 6.07%.

What is SHOP's Price Target?

According to 21 Wall Street analysts that have issued a 1 year SHOP price target, the average SHOP price target is $212.67, with the highest SHOP stock price forecast at $850.00 and the lowest SHOP stock price forecast at $30.00.

On average, Wall Street analysts predict that Shopify's share price could reach $212.67 by Dec 8, 2023. The average Shopify stock price prediction forecasts a potential upside of 450.38% from the current SHOP share price of $38.64.

What is SHOP's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: SHOP) Shopify's current Earnings Per Share (EPS) is -$2.55. On average, analysts forecast that SHOP's EPS will be -$0.45 for 2022, with the lowest EPS forecast at -$0.61, and the highest EPS forecast at -$0.02. On average, analysts forecast that SHOP's EPS will be -$0.40 for 2023, with the lowest EPS forecast at -$0.79, and the highest EPS forecast at -$0.01. In 2024, SHOP's EPS is forecast to hit -$0.13 (min: -$0.79, max: $0.57).

What is SHOP's forecast return on equity (ROE) for 2022-2025?

(NYSE: SHOP) forecast ROE is 5.85%, which is considered weak.
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