WallStreetZen

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

Analyst price target for SHOP

Based on 21 analysts offering 12 month price targets for Shopify Inc.
Min Forecast
$1,300.00-11.32%
Avg Forecast
$1,565.24+6.78%
Max Forecast
$1,900.00+29.61%

Should I buy or sell SHOP stock?

Based on 23 analysts offering ratings for Shopify Inc.
Buy
Strong Buy
9 analysts 39.13%
Buy
5 analysts 21.74%
Hold
9 analysts 39.13%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

SHOP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Canaccord Genuity
Top 2%
99
HoldMaintains$1,450.00-1.08%2021-07-29
Mizuho
Top 12%
89
HoldMaintains$1,500.00+2.33%2021-07-29
Morgan Stanley
Top 4%
97
HoldMaintains$1,500.00+2.33%2021-07-29
Roth Capital
Bottom 3%
3
Strong BuyMaintains$1,800.00+22.79%2021-07-29
Credit Suisse
Top 6%
95
HoldMaintains$1,700.00+15.97%2021-07-29
KeyBanc
Top 1%
100
Strong BuyMaintains$1,750.00+19.38%2021-07-28
RBC Capital
Top 31%
70
BuyMaintains$1,800.00+22.79%2021-07-23
Susquehanna
Bottom 21%
21
Strong BuyMaintains$1,800.00+22.79%2021-07-22
Stifel Nicolaus
Top 4%
97
Strong BuyMaintains$1,600.00+9.15%2021-07-22
Loop Capital
Top 16%
85
Strong BuyMaintains$1,600.00+9.15%2021-06-30

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Forecast return on equity

Is SHOP forecast to generate an efficient return?
Company
16.42%
Industry
13.06%
Market
2,556.64%
SHOP's Return on Equity is forecast to be low in 3 years (16.42%); 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
13.9%
Industry
4.9%
Market
1,250.14%
SHOP is forecast to generate higher Return on Assets (13.9%) than the US Software - Application industry average (4.9%)
Forecast

SHOP earnings per share forecast

What is SHOP's earnings per share in the next 3 years based on estimates from 21 analysts?
Avg 1 year Forecast
$3.95-80.12%
Avg 2 year Forecast
$3.81-80.82%
Avg 3 year Forecast
$7.23-63.61%
SHOP's earnings are forecast to grow at a rate of -31.43% per year, which is not exceptional
Forecast

SHOP revenue forecast

What is SHOP's revenue in the next 3 years based on estimates from 33 analysts?
Avg 1 year Forecast
$4.6B+19.75%
Avg 2 year Forecast
$6.1B+59.3%
Avg 3 year Forecast
$8.2B+113.44%
SHOP's revenue is forecast to grow at an exceptional rate of 28.07% per year
Forecast

SHOP earnings growth forecast

How is SHOP forecast to perform vs Software - Application companies and vs the US market?
Company
-31.43%
Industry
2.88%
Market
18.71%
SHOP's earnings are forecast to grow slower (-31.43% per year) than the US Software - Application industry average (2.88%)
Forecast
SHOP's earnings are forecast to grow slower (-31.43% per year) than the US market average (18.71%)
Forecast
SHOP's earnings are forecast to grow slower (-31.43% per year) than the risk-free savings rate (1.3%)
Forecast

SHOP revenue growth forecast

How is SHOP forecast to perform vs Software - Application companies and vs the US market?
Company
28.07%
Industry
18.25%
Market
12.32%
SHOP's revenues are forecast to grow faster (28.07% per year) than the US Software - Application industry average (18.25%)
Forecast
SHOP's revenues are forecast to grow faster (28.07% per year) than the US market average (12.32%)
Forecast

Shopify Stock Forecast FAQ

Is Shopify Stock a good buy in 2021, 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, 9 (39.13%) are recommending SHOP as a Strong Buy, 5 (21.74%) are recommending SHOP as a Buy, 9 (39.13%) 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 2021-2023?

(NYSE: SHOP) Shopify's forecast annual earnings growth rate of -31.43% is not forecast to beat the US Software - Application industry's average forecast earnings growth rate of 2.88%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.71%.

Shopify's earnings in 2021 is $2,452,478,000.On average, 21 Wall Street analysts forecast SHOP's earnings for 2021 to be $492,323,817, with the lowest SHOP earnings forecast at $298,914,002, and the highest SHOP earnings forecast at $752,266,906. On average, 25 Wall Street analysts forecast SHOP's earnings for 2022 to be $474,974,350, with the lowest SHOP earnings forecast at $-191,803,152, and the highest SHOP earnings forecast at $1,285,330,210.

In 2023, SHOP is forecast to generate $900,951,713 in earnings, with the lowest earnings forecast at $278,986,402 and the highest earnings forecast at $2,137,235,117.

What is SHOP's revenue growth forecast for 2021-2023?

(NYSE: SHOP) Shopify's forecast annual revenue growth rate of 28.07% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 18.25%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 12.32%.

Shopify's revenue in 2021 is $3,853,241,000.On average, 33 Wall Street analysts forecast SHOP's revenue for 2021 to be $574,705,387,597, with the lowest SHOP revenue forecast at $528,413,946,068, and the highest SHOP revenue forecast at $595,873,854,509. On average, 33 Wall Street analysts forecast SHOP's revenue for 2022 to be $764,503,698,013, with the lowest SHOP revenue forecast at $698,824,818,836, and the highest SHOP revenue forecast at $839,008,013,111.

In 2023, SHOP is forecast to generate $1,024,322,115,302 in revenue, with the lowest revenue forecast at $901,553,277,164 and the highest revenue forecast at $1,198,881,789,876.

What is SHOP's forecast return on assets (ROA) for 2021-2024?

(NYSE: SHOP) forecast ROA is 13.9%, which is higher than the forecast US Software - Application industry average of 4.9%.

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 $1,565.24, with the highest SHOP stock price forecast at $1,900.00 and the lowest SHOP stock price forecast at $1,300.00.

On average, Wall Street analysts predict that Shopify's share price could stay at $1,565.24 by Jul 29, 2022. The average Shopify stock price prediction forecasts a potential downside of N/A from the current SHOP share price of $1,465.90.

What is SHOP's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: SHOP) Shopify's current Earnings Per Share (EPS) is $19.88. On average, analysts forecast that SHOP's EPS will be $3.95 for 2021, with the lowest EPS forecast at $2.40, and the highest EPS forecast at $6.04. On average, analysts forecast that SHOP's EPS will be $3.81 for 2022, with the lowest EPS forecast at $-1.54, and the highest EPS forecast at $10.32. In 2023, SHOP's EPS is forecast to hit $7.23 (min: $2.24, max: $17.16).

What is SHOP's forecast return on equity (ROE) for 2021-2024?

(NYSE: SHOP) forecast ROE is 16.42%, which is considered weak.
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