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

Analyst price target for SHOP

Based on 24 analysts offering 12 month price targets for Shopify Inc.
Min Forecast
$360.00-62.54%
Avg Forecast
$985.83+2.59%
Max Forecast
$1,400.00+45.69%

Should I buy or sell SHOP stock?

Buy
Strong Buy
9 analysts 34.62%
Buy
1 analysts 3.85%
Hold
15 analysts 57.69%
Sell
1 analysts 3.85%
Strong Sell
0 analysts 0.00%

Forecast return on equity

Is SHOP forecast to generate an efficient return?
Company
6.55%
Industry
86.22%
Market
-3.66%
SHOP's Return on Equity is forecast to be low in 4 years (6.55%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is SHOP forecast to generate an efficient return on assets?
Company
5.95%
Industry
2.30%
Market
11.39%
SHOP is forecast to generate higher Return on Assets (5.95%) than the US Software - Application industry average (2.24%)
Forecast

SHOP earnings per share forecast

What is SHOP's earnings per share in the next 3 years based on estimates from 13 analysts?
Avg 1 year Forecast
$0.16-127.12%
Avg 2 year Forecast
-$0.48-18.31%
Avg 3 year Forecast
$0.50-185.12%

SHOP revenue forecast

What is SHOP's revenue in the next 3 years based on estimates from 28 analysts?
Avg 1 year Forecast
$2.6B+22.66%
Avg 2 year Forecast
$3.3B+58.62%
Avg 3 year Forecast
$4.5B+114.85%
SHOP's revenue is forecast to grow at an exceptional rate of 27.80% per year
Forecast

SHOP revenue growth forecast

How is SHOP forecast to perform vs Software - Application companies and vs the US market?
Company
27.80%
Industry
15.47%
Market
5.36%
SHOP's revenues are forecast to grow faster (27.80% per year) than the US Software - Application industry average (15.42%)
Forecast
SHOP's revenues are forecast to grow faster (27.80% per year) than the US market average (5.30%)
Forecast

Shopify Stock Forecast FAQ

The consensus among 26 Wall Street analysts covering (NYSE: SHOP) stock is to Buy SHOP stock.

Out of 26 analysts, 9 (34.62%) are recommending SHOP as a Strong Buy, 1 (3.85%) are recommending SHOP as a Buy, 15 (57.69%) are recommending SHOP as a Hold, 1 (3.85%) are recommending SHOP as a Sell, and 0 (0.00%) are recommending SHOP as a Strong Sell.
According to 24 Wall Street analysts that have issued a 1 year SHOP price target, the average SHOP price target is $985.83, with the highest SHOP stock price forecast at $1,400.00 and the lowest SHOP stock price forecast at $360.00.

On average, Wall Street analysts predict that Shopify's share price could reach $985.83 by Sep 11, 2021. The average Shopify stock price prediction forecasts a potential downside of 8.57% from the current SHOP share price of $901.34.
(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 -1.23%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.91%.

Shopify's earnings in 2020 is -$67,444,000.On average, 13 Wall Street analysts forecast SHOP's earnings for 2020 to be $18,755,952, with the lowest SHOP earnings forecast at $-65,645,830, and the highest SHOP earnings forecast at $99,640,992. On average, 20 Wall Street analysts forecast SHOP's earnings for 2021 to be $-56,502,304, with the lowest SHOP earnings forecast at $-274,305,791, and the highest SHOP earnings forecast at $127,774,920.

In 2022, SHOP is forecast to generate $58,870,243 in earnings, with the lowest earnings forecast at $-246,171,864 and the highest earnings forecast at $252,033,099.
(NYSE: SHOP) Shopify's forecast annual revenue growth rate of 27.80% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 15.42%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 5.30%.

Shopify's revenue in 2020 is $2,080,054,000.On average, 28 Wall Street analysts forecast SHOP's revenue for 2020 to be $299,077,479,501, with the lowest SHOP revenue forecast at $245,632,630,094, and the highest SHOP revenue forecast at $343,072,142,734. On average, 28 Wall Street analysts forecast SHOP's revenue for 2021 to be $386,760,497,834, with the lowest SHOP revenue forecast at $317,004,886,862, and the highest SHOP revenue forecast at $465,411,353,264.

In 2022, SHOP is forecast to generate $523,873,536,927 in revenue, with the lowest revenue forecast at $405,738,121,256 and the highest revenue forecast at $623,362,254,496.
(NYSE: SHOP) Shopify's current Earnings Per Share (EPS) is -$0.59. On average, analysts forecast that SHOP's EPS will be $0.16 for 2020, with the lowest EPS forecast at $-0.56, and the highest EPS forecast at $0.85. On average, analysts forecast that SHOP's EPS will be $-0.48 for 2021, with the lowest EPS forecast at $-2.34, and the highest EPS forecast at $1.09. In 2022, SHOP's EPS is forecast to hit $0.50 (min: $-2.10, max: $2.15).
(NYSE: SHOP) forecast ROE is 6.55%, which is considered weak.
(NYSE: SHOP) forecast ROA is 5.95%, which is higher than the forecast US Software - Application industry average of 2.24%.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.
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