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

OverviewForecast
EarningsDividendOwnershipStatistics

Analyst price target for SHOP

Based on 19 analysts offering 12 month price targets for Shopify Inc.
Min Forecast
$1,200.00+37.58%
Avg Forecast
$1,529.47+75.35%
Max Forecast
$1,900.00+117.83%

Should I buy or sell SHOP stock?

Based on 23 analysts offering ratings for Shopify Inc.
Buy
Strong Buy
7 analysts 30.43%
Buy
6 analysts 26.09%
Hold
10 analysts 43.48%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

SHOP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
SMBC Nikko
Bottom 16%
16
BuyInitiates Coverage On$1,200.00+37.58%2022-01-27Find out why
KeyBanc
Top 2%
99
Strong BuyMaintains$1,250.00+43.31%2022-01-25Find out why
Deutsche Bank
Bottom 17%
17
HoldMaintains$1,400.00+60.51%2022-01-20Find out why
William Blair
Top 30%
71
BuyUpgradesN/AN/A2022-01-12Find out why
Atlantic Equities
Bottom 13%
13
HoldDowngradesN/AN/A2022-01-11Find out why
Roth Capital
Bottom 2%
2
Strong BuyMaintains$1,650.00+89.17%2021-12-28Find out why
Evercore ISI Group
Top 7%
94
BuyUpgradesN/AN/A2021-12-16
Loop Capital
Top 17%
84
HoldDowngradesN/AN/A2021-11-15
Mizuho
Bottom 16%
16
HoldMaintains$1,400.00+60.51%2021-10-29
Canaccord Genuity
Top 14%
87
HoldMaintains$1,450.00+66.24%2021-07-29

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Forecast return on equity

Is SHOP forecast to generate an efficient return?
Company
21.7%
Industry
47.64%
Market
58.24%
SHOP's Return on Equity is... subscribe to Premium to read more.
Forecast

Forecast return on assets

Is SHOP forecast to generate an efficient return on assets?
Company
18.22%
Industry
6.63%
SHOP is forecast to generate... subscribe to Premium to read more.
Forecast

SHOP earnings per share forecast

What is SHOP's earnings per share in the next 3 years based on estimates from 25 analysts?
Avg 1 year Forecast
$3.91-85.77%
Avg 2 year Forecast
$7.04-74.37%
Avg 3 year Forecast
$17.39-36.69%
SHOP's earnings are forecast to... subscribe to Premium to read more.
Forecast

SHOP revenue forecast

What is SHOP's revenue in the next 3 years based on estimates from 33 analysts?
Avg 1 year Forecast
$6.1B+45.23%
Avg 2 year Forecast
$8.1B+93.4%
Avg 3 year Forecast
$11.4B+169.79%
SHOP's revenue is forecast to... subscribe to Premium to read more.
Forecast

SHOP earnings growth forecast

How is SHOP forecast to perform vs Software - Application companies and vs the US market?
Company
-28.2%
Industry
2.29%
Market
18.83%
SHOP's earnings are forecast to... subscribe to Premium to read more.
Forecast
SHOP's earnings are forecast to... subscribe to Premium to read more.
Forecast
SHOP's earnings are forecast to... subscribe to Premium to read more.
Forecast

SHOP revenue growth forecast

How is SHOP forecast to perform vs Software - Application companies and vs the US market?
Company
37.59%
Industry
20.68%
Market
11.5%
SHOP's revenues are forecast to... subscribe to Premium to read more.
Forecast
SHOP's revenues are forecast to... subscribe to Premium to read more.
Forecast

Shopify Stock Forecast FAQ

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

The consensus among 23 Wall Street analysts covering (NYSE: SHOP) stock is to Buy SHOP stock.

Out of 23 analysts, 7 (30.43%) are recommending SHOP as a Strong Buy, 6 (26.09%) are recommending SHOP as a Buy, 10 (43.48%) are recommending SHOP as a Hold, 0 (0%) are recommending SHOP as a Sell, and 0 (0%) are recommending SHOP as a Strong Sell.

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

(NYSE: SHOP) Shopify's forecast annual earnings growth rate of -28.2% is not forecast to beat the US Software - Application industry's average forecast earnings growth rate of 2.29%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.83%.

Shopify's earnings in 2022 is $3,409,842,000.On average, 25 Wall Street analysts forecast SHOP's earnings for 2022 to be $490,998,860, with the lowest SHOP earnings forecast at $-269,986,585, and the highest SHOP earnings forecast at $2,588,103,965. On average, 20 Wall Street analysts forecast SHOP's earnings for 2023 to be $884,049,098, with the lowest SHOP earnings forecast at $89,158,361, and the highest SHOP earnings forecast at $3,232,304,515.

In 2024, SHOP is forecast to generate $2,183,751,963 in earnings, with the lowest earnings forecast at $713,266,886 and the highest earnings forecast at $4,172,862,434.

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

(NYSE: SHOP) Shopify's forecast annual revenue growth rate of 37.59% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 20.68%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 11.5%.

Shopify's revenue in 2022 is $4,209,576,000.On average, 33 Wall Street analysts forecast SHOP's revenue for 2022 to be $767,689,902,939, with the lowest SHOP revenue forecast at $705,144,684,990, and the highest SHOP revenue forecast at $890,577,750,600. On average, 29 Wall Street analysts forecast SHOP's revenue for 2023 to be $1,022,357,072,758, with the lowest SHOP revenue forecast at $873,556,163,780, and the highest SHOP revenue forecast at $1,343,888,994,742.

In 2024, SHOP is forecast to generate $1,426,182,412,874 in revenue, with the lowest revenue forecast at $1,161,144,493,221 and the highest revenue forecast at $1,945,100,146,117.

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

(NYSE: SHOP) forecast ROA is 18.22%, which is higher than the forecast US Software - Application industry average of 6.63%.

What is SHOP's Price Target?

According to 19 Wall Street analysts that have issued a 1 year SHOP price target, the average SHOP price target is $1,529.47, with the highest SHOP stock price forecast at $1,900.00 and the lowest SHOP stock price forecast at $1,200.00.

On average, Wall Street analysts predict that Shopify's share price could reach $1,529.47 by Jan 27, 2023. The average Shopify stock price prediction forecasts a potential upside of 75.35% from the current SHOP share price of $872.23.

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

(NYSE: SHOP) Shopify's current Earnings Per Share (EPS) is $27.47. On average, analysts forecast that SHOP's EPS will be $3.91 for 2022, with the lowest EPS forecast at $-2.15, and the highest EPS forecast at $20.61. On average, analysts forecast that SHOP's EPS will be $7.04 for 2023, with the lowest EPS forecast at $0.71, and the highest EPS forecast at $25.74. In 2024, SHOP's EPS is forecast to hit $17.39 (min: $5.68, max: $33.23).

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

(NYSE: SHOP) forecast ROE is 21.7%, which is considered strong.
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