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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
$53.00-27.22%
Avg Forecast
$65.05-10.67%
Max Forecast
$80.00+9.86%

Should I buy or sell SHOP stock?

Based on 19 analysts offering ratings for Shopify Inc.
Buy
Strong Buy
3 analysts 15.79%
Buy
5 analysts 26.32%
Hold
10 analysts 52.63%
Sell
0 analysts 0%
Strong Sell
1 analysts 5.26%

Be the first to know when Wall Street analysts revise their SHOP stock forecasts and price targets.

SHOP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-11-28Find Out Why
lockedlocked$00.00+00.00%2023-11-03
lockedlocked$00.00+00.00%2023-10-31Find Out Why
lockedlocked$00.00+00.00%2023-10-24Find Out Why
lockedlocked$00.00+00.00%2023-10-20Find Out Why
Loop Capital
Top 15%
86
HoldMaintains$57.00-21.72%2023-10-16Find out why
Seaport Global
Bottom 2%
2
BuyInitiates Coverage On$64.00-12.11%2023-10-12
JMP Securities
Bottom 18%
18
BuyReiterates$72.00-1.13%2023-09-26
Canaccord Genuity
Top 7%
94
Strong BuyUpgrades$70.00-3.87%2023-08-31Find out why
Roth MKM
Bottom 3%
3
Strong BuyReiterates$73.00+0.25%2023-08-29Find out why

1 of 2

Forecast return on equity

Is SHOP forecast to generate an efficient return?
Company
N/A
Industry
0.5%
Market
30.08%

Forecast return on assets

Is SHOP forecast to generate an efficient return on assets?
Company
N/A
Industry
0.32%

SHOP revenue forecast

What is SHOP's revenue in the next 3 years based on estimates from 16 analysts?
Avg 1 year Forecast
$7.0B+4.92%
Avg 2 year Forecast
$8.3B+24.9%
Avg 3 year Forecast
$9.9B+48.58%
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
13.9%
Industry
11.81%
Market
7.51%
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$72.82$65.05-10.67%Buy
CDNS$273.27$276.86+1.31%Strong Buy
WDAY$270.72$270.28-0.16%Buy
UBER$56.38$59.92+6.28%Strong Buy
SNOW$187.68$198.40+5.71%Strong Buy
View Top App Stocks

Shopify Stock Forecast FAQ

Is Shopify Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 19 Wall Street analysts covering (NYSE: SHOP) stock is to Buy SHOP stock.

Out of 19 analysts, 3 (15.79%) are recommending SHOP as a Strong Buy, 5 (26.32%) are recommending SHOP as a Buy, 10 (52.63%) are recommending SHOP as a Hold, 0 (0%) are recommending SHOP as a Sell, and 1 (5.26%) 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 revenue growth forecast for 2023-2025?

(NYSE: SHOP) Shopify's forecast annual revenue growth rate of 13.9% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 11.81%, and it is also forecast to beat the US market's average forecast revenue growth rate of 7.51%.

Shopify's revenue in 2023 is $6,650,978,000.On average, 16 Wall Street analysts forecast SHOP's revenue for 2023 to be $8,961,644,279,709, with the lowest SHOP revenue forecast at $8,920,397,738,320, and the highest SHOP revenue forecast at $8,989,811,929,000. On average, 16 Wall Street analysts forecast SHOP's revenue for 2024 to be $10,668,530,880,856, with the lowest SHOP revenue forecast at $10,350,933,667,993, and the highest SHOP revenue forecast at $11,161,493,639,277.

In 2025, SHOP is forecast to generate $12,691,358,000,954 in revenue, with the lowest revenue forecast at $11,884,569,897,903 and the highest revenue forecast at $13,745,422,439,441.

What is SHOP's forecast return on assets (ROA) for 2023-2026?

(NYSE: SHOP) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 0.32%.

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 $65.05, with the highest SHOP stock price forecast at $80.00 and the lowest SHOP stock price forecast at $53.00.

On average, Wall Street analysts predict that Shopify's share price could fall to $65.05 by Nov 28, 2024. The average Shopify stock price prediction forecasts a potential downside of 10.67% from the current SHOP share price of $72.82.

What is SHOP's forecast return on equity (ROE) for 2023-2026?

(NYSE: SHOP) forecast ROE is N/A, which is considered weak.
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