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

Analyst price target for SHOP

Based on 23 analysts offering 12 month price targets for Shopify Inc.
Min Forecast
$63.00-0.25%
Avg Forecast
$77.17+22.19%
Max Forecast
$96.00+51.99%

Should I buy or sell SHOP stock?

Based on 23 analysts offering ratings for Shopify Inc.
Buy
Strong Buy
9 analysts 39.13%
Buy
6 analysts 26.09%
Hold
8 analysts 34.78%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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SHOP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-07-16Find Out Why
lockedlocked$00.00+00.00%2024-07-16Find Out Why
lockedlocked$00.00+00.00%2024-06-26Find Out Why
lockedlocked$00.00+00.00%2024-06-14Find Out Why
lockedlocked$00.00+00.00%2024-06-11
Moffett Nathanson
Top 30%
71
HoldDowngrades$65.00+2.91%2024-06-06Find out why
Goldman Sachs
Top 20%
81
Strong BuyMaintains$74.00+17.16%2024-05-28
ScotiaBank
Bottom 39%
39
HoldMaintains$75.00+18.75%2024-05-09Find out why
DA Davidson
Top 22%
79
Strong BuyMaintains$84.00+33.00%2024-05-09Find out why
TD Securities
Top 32%
69
HoldMaintains$72.00+14.00%2024-05-09Find out why

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Forecast return on equity

Is SHOP forecast to generate an efficient return?
Company
N/A
Industry
18.43%
Market
80.3%

Forecast return on assets

Is SHOP forecast to generate an efficient return on assets?
Company
N/A
Industry
9.04%

SHOP earnings per share forecast

What is SHOP's earnings per share in the next 3 years based on estimates from 16 analysts?
Avg 1 year Forecast
$0.62
Avg 2 year Forecast
$0.82
Avg 3 year Forecast
$1.28

SHOP revenue forecast

What is SHOP's revenue in the next 3 years based on estimates from 15 analysts?
Avg 1 year Forecast
$8.5B+14.81%
Avg 2 year Forecast
$10.2B+37.17%
Avg 3 year Forecast
$12.2B+64.98%
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
17.74%
Industry
14.13%
Market
11.24%
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$63.16$77.17+22.19%Buy
CDNS$279.95$334.89+19.62%Strong Buy
ROP$567.31$620.00+9.29%Strong Buy
WDAY$227.49$283.23+24.50%Buy
ADSK$242.45$271.38+11.93%Buy

Shopify Stock Forecast FAQ

Is Shopify Stock a good buy in 2024, 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, 6 (26.09%) are recommending SHOP as a Buy, 8 (34.78%) 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 2024-2026?

(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 20.1%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.64%.

Shopify's earnings in 2024 is -$209,000,000.On average, 16 Wall Street analysts forecast SHOP's earnings for 2024 to be $793,873,281, with the lowest SHOP earnings forecast at $528,132,477, and the highest SHOP earnings forecast at $1,262,365,432. On average, 16 Wall Street analysts forecast SHOP's earnings for 2025 to be $1,057,037,830, with the lowest SHOP earnings forecast at $721,351,676, and the highest SHOP earnings forecast at $1,545,753,590.

In 2026, SHOP is forecast to generate $1,642,363,190 in earnings, with the lowest earnings forecast at $1,172,196,473 and the highest earnings forecast at $2,189,817,586.

What is SHOP's revenue growth forecast for 2024-2026?

(NYSE: SHOP) Shopify's forecast annual revenue growth rate of 17.74% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 14.13%, and it is also forecast to beat the US market's average forecast revenue growth rate of 11.24%.

Shopify's revenue in 2024 is $7,413,000,000.On average, 15 Wall Street analysts forecast SHOP's revenue for 2024 to be $10,963,168,459,081, with the lowest SHOP revenue forecast at $10,845,264,815,845, and the highest SHOP revenue forecast at $11,103,792,103,839. On average, 14 Wall Street analysts forecast SHOP's revenue for 2025 to be $13,098,110,504,893, with the lowest SHOP revenue forecast at $12,774,030,383,386, and the highest SHOP revenue forecast at $13,484,922,459,611.

In 2026, SHOP is forecast to generate $15,754,195,644,942 in revenue, with the lowest revenue forecast at $14,979,382,793,370 and the highest revenue forecast at $16,555,020,953,184.

What is SHOP's forecast return on assets (ROA) for 2024-2027?

(NYSE: SHOP) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 9.04%.

What is SHOP's Price Target?

According to 23 Wall Street analysts that have issued a 1 year SHOP price target, the average SHOP price target is $77.17, with the highest SHOP stock price forecast at $96.00 and the lowest SHOP stock price forecast at $63.00.

On average, Wall Street analysts predict that Shopify's share price could reach $77.17 by Jul 16, 2025. The average Shopify stock price prediction forecasts a potential upside of 22.19% from the current SHOP share price of $63.16.

What is SHOP's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: SHOP) Shopify's current Earnings Per Share (EPS) is -$0.16. On average, analysts forecast that SHOP's EPS will be $0.62 for 2024, with the lowest EPS forecast at $0.41, and the highest EPS forecast at $0.98. On average, analysts forecast that SHOP's EPS will be $0.82 for 2025, with the lowest EPS forecast at $0.56, and the highest EPS forecast at $1.20. In 2026, SHOP's EPS is forecast to hit $1.28 (min: $0.91, max: $1.70).

What is SHOP's forecast return on equity (ROE) for 2024-2027?

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