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Shopify (SHOP) Stock Forecast, Price Target & Predictions

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SHOP Stock Forecast

Shopify stock forecast is as follows: an average price target of $98.43 (represents a -10.66% downside from SHOP’s last price of $110.18) and a rating consensus of 'Buy', based on 37 wall street analysts offering a 1-year stock forecast.

SHOP Price Target

The average price target for Shopify (SHOP) is $98.43 based on 1-year price targets from 37 Wall Street analysts in the past 3 months, with a price target range of $130.00 to $80.00. This represents a potential -10.66% downside from SHOP's last price of $110.18.

SHOP Analyst Ratings

Buy

According to 37 Wall Street analysts, Shopify's rating consensus is 'Buy'. The analyst rating breakdown for SHOP stock is 0 'Strong Buy' (0.00%), 21 'Buy' (56.76%), 16 'Hold' (43.24%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Shopify Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 02, 2024Bhavin ShahDeutsche Bank$125.00$115.608.13%13.45%
Nov 13, 2024Clarke JeffriesPiper Sandler$94.00$69.3035.64%-14.69%
Nov 13, 2024Anthony ChukumbaLoop Capital Markets$110.00$69.3058.73%-0.16%
Nov 13, 2024Terry TillmanTruist Financial$110.00$69.3058.73%-0.16%
Nov 12, 2024Ken WongOppenheimer$130.00$108.9219.35%17.99%
Nov 12, 2024Mark MahaneyEvercore ISI$125.00$108.9214.76%13.45%
Oct 24, 2024Kevin KrishnaratneScotiabank$80.00$79.690.38%-27.39%
Oct 23, 2024Desmond LauVeritas Investment Research$80.00$79.640.45%-27.39%
Oct 18, 2024Paul TreiberRBC Capital$100.00$81.6322.50%-9.24%
Oct 11, 2024Clarke JeffriesPiper Sandler$67.00$84.09-20.32%-39.19%
Oct 09, 2024Anthony ChukumbaLoop Capital Markets$90.00$82.588.99%-18.32%
Sep 11, 2024Andrew BauchWells Fargo$90.00$68.1732.02%-18.32%
Aug 08, 2024Jeff CantwellSeaport Global$84.00$67.2224.96%-23.76%
Aug 08, 2024Tyler RadkeCitigroup$90.00$63.8940.87%-18.32%
Aug 05, 2024Terry TillmanTruist Financial$55.00$52.055.68%-50.08%
Jul 24, 2024Justin PattersonKeyBanc$80.00$59.2734.98%-27.39%
Jul 15, 2024Shweta KhajuriaWolfe Research$80.00$64.2124.59%-27.39%
Jun 14, 2024Mark MahaneyEvercore ISI$75.00$64.6915.94%-31.93%
Jun 11, 2024Reginald SmithJ.P. Morgan$74.00$63.8115.97%-32.84%
Jun 06, 2024Michael MortonMoffettNathanson$65.00$61.256.12%-41.01%
May 28, 2024Jeff CantwellWells Fargo$75.00$56.9731.65%-31.93%
May 22, 2024Gabriela BorgesGoldman Sachs$74.00$57.0229.78%-32.84%
May 09, 2024Todd CouplandCIBC$85.00$62.2236.61%-22.85%
May 09, 2024Kevin KrishnaratneScotiabank$75.00$62.7319.56%-31.93%
May 09, 2024Siti PanigrahiMizuho Securities$65.00$62.733.62%-41.01%
May 09, 2024Paul TreiberRBC Capital$85.00$62.7335.50%-22.85%
May 09, 2024Colin SebastianRobert W. Baird$77.00$62.7322.75%-30.11%
May 09, 2024Bhavin ShahDeutsche Bank$80.00$62.7327.53%-27.39%
May 09, 2024Gil LuriaD.A. Davidson$84.00$62.7333.91%-23.76%
May 09, 2024Andrew BooneJMP Securities$80.00$62.7327.53%-27.39%
May 08, 2024Clarke JeffriesPiper Sandler$63.00$62.730.43%-42.82%
May 08, 2024Scott DevittWedbush$68.00$62.738.40%-38.28%
May 07, 2024Terry TillmanTruist Financial$85.00$77.329.93%-22.85%
Apr 19, 2024Keith WeissMorgan Stanley$85.00$69.5122.28%-22.85%
Apr 15, 2024Anthony ChukumbaLoop Capital Markets$80.00$70.0014.29%-27.39%
Apr 03, 2024Colin SebastianRobert W. Baird$87.00$78.1211.37%-21.04%
Mar 18, 2024Ken WongOppenheimer$90.00$77.5216.10%-18.32%
Feb 09, 2024Andrew JeffreyTruist Financial$60.00$90.13-33.43%-45.54%
Dec 06, 2023Clarke JeffriesPiper Sandler$56.00$72.67-22.93%-49.17%
Nov 27, 2023Paul TreiberRBC Capital$80.00$73.259.21%-27.39%
Aug 29, 2023Darren AftahiRoth Capital$76.00$59.0728.66%-31.02%
Jul 20, 2023Paul TreiberRBC Capital$75.00$65.3914.70%-31.93%
Jul 13, 2023Darren AftahiRoth Capital$73.00$70.074.18%-33.74%
Jun 20, 2023Ken WongOppenheimer$80.00$64.2924.44%-27.39%
May 05, 2023Josh BeckKeyBanc$65.00$62.124.63%-41.01%
Apr 13, 2023Ken WongOppenheimer$65.00$45.8041.93%-41.01%
Apr 12, 2023Andrew BooneJMP Securities$65.00$46.5739.57%-41.01%
Feb 16, 2023Josh BeckLoop Capital Markets$55.00$45.7920.11%-50.08%
Feb 02, 2023Citigroup$54.00$53.281.34%-50.99%
Feb 01, 2023Scotiabank$43.00$49.27-12.73%-60.97%
Dec 08, 2022UBS$30.00$36.73-18.32%-72.77%
Nov 28, 2022Colin SebastianRobert W. Baird$50.00$37.8032.28%-54.62%
Nov 28, 2022Paul TreiberRBC Capital$55.00$37.8045.50%-50.08%
Nov 15, 2022MoffettNathanson$30.00$40.78-26.44%-72.77%
Sep 24, 2022Keith WeissMorgan Stanley$40.00$28.7639.08%-63.70%
Sep 08, 2022Ken WongOppenheimer$45.00$31.7041.98%-59.16%
Aug 11, 2022Kunaal MaldeAtlantic Equities$46.00$40.6113.27%-58.25%
Jul 05, 2022Scott DevittStifel Nicolaus$65.00$31.41106.94%-41.01%
Jul 05, 2022Terry TillmanTruist Financial$35.00$31.4111.43%-68.23%
May 09, 2022David HynesCanaccord Genuity$51.50$34.0051.45%-53.26%
May 06, 2022Samad SamanaJefferies$55.00$41.3133.14%-50.08%
May 06, 2022Brian SchwartzOppenheimer$50.00$41.3121.04%-54.62%
May 06, 2022Scott DevittStifel Nicolaus$65.00$41.3157.35%-41.01%
May 03, 2022Loop Capital Markets$46.00$46.64-1.38%-58.25%
May 03, 2022Ygal ArounianWedbush$63.00$45.3039.08%-42.82%
May 02, 2022Bhavin ShahDeutsche Bank$55.00$43.8925.30%-50.08%
Apr 28, 2022Paul TreiberRBC Capital$100.00$44.44125.00%-9.24%
Apr 26, 2022Darren AftahiRoth Capital$62.50$42.8146.00%-43.27%
Apr 25, 2022Scott DevittStifel Nicolaus$80.00$46.0073.92%-27.39%
Apr 25, 2022Brent BracelinPiper Sandler$80.00$46.0073.92%-27.39%
Apr 07, 2022Jeff CantwellWells Fargo$83.40$64.4029.51%-24.31%
Feb 17, 2022Anthony ChukumbaLoop Capital Markets$80.00$66.0021.21%-27.39%
Feb 17, 2022Trevor YoungBarclays$90.00$66.0036.36%-18.32%
Feb 17, 2022Ygal ArounianWedbush$93.70$66.0041.97%-14.96%
Feb 17, 2022Timothy ChiodoCredit Suisse$85.00$66.0028.79%-22.85%
Feb 17, 2022Tyler RadkeCitigroup$88.20$66.0033.64%-19.95%
Feb 17, 2022Gabriela BorgesGoldman Sachs$83.30$66.0026.21%-24.40%
Feb 17, 2022Daniel ChanTD Securities$84.00$66.0027.27%-23.76%
Feb 16, 2022Brent BracelinPiper Sandler$90.00$74.6920.51%-18.32%
Feb 16, 2022Scott DevittStifel Nicolaus$100.00$74.6933.90%-9.24%
Feb 16, 2022Bhavin ShahDeutsche Bank$90.00$74.6920.51%-18.32%
Feb 16, 2022Mark MahaneyEvercore ISI$100.00$74.6933.90%-9.24%
Feb 16, 2022Siti PanigrahiMizuho Securities$80.00$74.697.12%-27.39%
Feb 16, 2022Brian SchwartzOppenheimer$96.00$74.6928.54%-12.87%
Feb 15, 2022Josh BeckKeyBanc$115.00$88.9529.29%4.37%
Feb 14, 2022Keith WeissMorgan Stanley$115.00$84.7535.70%4.37%
Feb 06, 2022Trevor YoungBarclays$120.00$87.6036.99%8.91%
Jan 26, 2022Andrew BauchSMBC Nikko$120.00$86.8938.10%8.91%
Jan 25, 2022Josh BeckKeyBanc$125.00$89.2440.07%13.45%
Jan 18, 2022Scott DevittStifel Nicolaus$130.00$105.4723.26%17.99%
Nov 29, 2021Mark ZgutowiczBenchmark Co.$200.00$156.7027.63%81.52%
Oct 29, 2021John CoffeySusquehanna$170.00$146.6715.90%54.29%
Oct 29, 2021Todd CouplandCIBC$172.52$146.6717.62%56.58%
Jul 29, 2021Jim KelleherArgus Research$185.00$152.5021.31%67.91%
Apr 28, 2021Jonathan KeesDaiwa$145.00$128.8812.51%31.60%

The latest Shopify stock forecast, released on Dec 02, 2024 by Bhavin Shah from Deutsche Bank, set a price target of $125.00, which represents a 8.13% increase from the stock price at the time of the forecast ($115.60), and a 13.45% increase from SHOP last price ($110.18).

Shopify Price Target by Period

1M3M12M
# Anlaysts11138
Avg Price Target$125.00$101.00$84.26
Last Closing Price$110.18$110.18$110.18
Upside/Downside13.45%-8.33%-23.53%

In the current month, the average price target of Shopify stock is $125.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 13.45% increase as opposed to Shopify's last price of $110.18. This month's average price target is up 23.76% compared to last quarter, and up 48.35% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 04, 2024Deutsche BankBuyBuyHold
Dec 03, 2024Morgan StanleyOverweightOverweightHold
Dec 02, 2024OppenheimerOutperformOutperformHold
Dec 02, 2024Deutsche BankBuyBuyHold
Nov 13, 2024Piper SandlerNeutralNeutralHold
Nov 13, 2024Loop Capital MarketsHoldHoldHold
Nov 12, 2024OppenheimerOutperformOutperformHold
Nov 12, 2024Evercore ISIOutperformOutperformHold
Oct 24, 2024ScotiabankSector PerformSector PerformHold
Oct 18, 2024RBC CapitalOutperformOutperformHold
Oct 11, 2024Piper SandlerNeutralNeutralHold
Oct 09, 2024Loop Capital MarketsHoldHoldHold
Oct 01, 2024BarclaysEqual-WeightEqual-WeightHold
Sep 30, 2024CitigroupBuyBuyHold
Sep 23, 2024OppenheimerOutperformOutperformHold
Sep 12, 2024Goldman SachsBuyBuyHold
Sep 11, 2024Wells FargoOverweightOverweightHold
Sep 04, 2024Cantor FitzgeraldNeutralInitialise
Aug 16, 2024Loop Capital MarketsHoldHoldHold
Aug 08, 2024Seaport GlobalBuyBuyHold
Aug 08, 2024Deutsche BankBuyBuyHold
Aug 08, 2024BarclaysEqual-WeightEqual-WeightHold
Aug 08, 2024CitigroupBuyBuyHold
Aug 07, 2024Morgan StanleyOverweightOverweightHold
Jul 24, 2024Piper SandlerNeutralNeutralHold
Jul 15, 2024Wolfe ResearchPeer PerformOutperformInitialise
Jun 26, 2024CitigroupBuyBuyHold
Jun 21, 2024OppenheimerOutperformOutperformHold
Jun 14, 2024Evercore ISIOutperformUpgrade
Jun 06, 2024MoffettNathansonOutperformNeutralDowngrade
May 28, 2024Wells FargoOverweightOverweightHold
May 22, 2024Goldman SachsNeutralBuyUpgrade
May 09, 2024NeedhamHoldHoldHold
May 09, 2024Goldman SachsNeutralNeutralHold
May 09, 2024Mizuho SecuritiesNeutralNeutralHold
May 09, 2024CIBCOutperformOutperformHold
May 09, 2024RBC CapitalOutperformOutperformHold
May 09, 2024Bank of America SecuritiesNeutralNeutralHold
May 09, 2024Deutsche BankBuyBuyHold
May 09, 2024JMP SecuritiesPerformOutperformUpgrade
May 08, 2024Piper SandlerUnderweightNeutralUpgrade
May 08, 2024WedbushNeutralNeutralHold
May 08, 2024OppenheimerOutperformOutperformHold
May 02, 2024ScotiabankSector PerformSector PerformHold
May 02, 2024Exane BNP ParibasOutperformUpgrade
Apr 29, 2024CitigroupNeutralBuyUpgrade
Apr 19, 2024Morgan StanleyEqual-WeightOverweightUpgrade
Apr 15, 2024Loop Capital MarketsHoldHoldHold
Feb 14, 2024Piper SandlerUnderweightUnderweightHold
Feb 09, 2024Mizuho SecuritiesBuyBuyHold
Feb 09, 2024WedbushUnderperformUnderperformHold
Jan 18, 2024BarclaysEqual-WeightEqual-WeightHold
Dec 18, 2023JMP SecuritiesOutperformPerformDowngrade
Dec 06, 2023Raymond JamesMarket PerformMarket PerformHold
Dec 06, 2023Piper SandlerUnderweightUnderweightHold
Dec 06, 2023NeedhamHoldHoldHold
Dec 06, 2023WedbushNeutralDowngrade
Nov 28, 2023Piper SandlerOverweightUnderweightDowngrade
Nov 27, 2023OppenheimerOutperformOutperformHold
Nov 27, 2023RBC CapitalOutperformOutperformHold
Nov 03, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Oct 16, 2023Morgan StanleyReduceEqual-WeightInitialise
Oct 16, 2023NeedhamHoldBuyInitialise
Oct 16, 2023Piper SandlerNeutralOverweightInitialise
Aug 31, 2023Canaccord GenuityBuyUpgrade
Aug 29, 2023Roth CapitalBuyBuyHold
Aug 03, 2023Piper SandlerNeutralNeutralHold
Jul 24, 2023BarclaysBuyBuyHold
Jul 24, 2023Wells FargoNeutralNeutralHold
Jul 24, 2023MoffettNathansonMarket PerformOutperformUpgrade
Jul 20, 2023RBC CapitalOutperformOutperformHold
Jul 14, 2023Credit SuisseNeutralNeutralHold
Jun 12, 2023JefferiesHoldHoldHold
May 05, 2023KeyBancOverweightOverweightHold
May 05, 2023Goldman SachsNeutralNeutralHold
May 05, 2023UBSSellNeutralUpgrade
May 04, 2023CFRABuyUpgrade
May 04, 2023Bank of America SecuritiesNeutralUpgrade
Apr 13, 2023OppenheimerOutperformOutperformHold
Apr 12, 2023JMP SecuritiesMarket OutperformOutperformUpgrade
Apr 12, 2023JMP SecuritiesMarket PerformMarket OutperformUpgrade
Apr 11, 2023NeedhamHoldInitialise
Feb 25, 2023D.A. DavidsonBuyUpgrade
Feb 16, 2023KeyBancOverweightOverweightHold
Feb 16, 2023JMP SecuritiesMarket PerformMarket PerformHold
Feb 16, 2023BenchmarkHoldHoldHold
Feb 16, 2023RBC CapitalOutperformOutperformHold
Feb 16, 2023Piper SandlerNeutralNeutralHold
Feb 14, 2023HSBCOverweightOverweightHold
Feb 02, 2023CitigroupNeutralNeutralHold
Feb 01, 2023ScotiabankSector PerformInitialise
Jan 30, 2023Roth CapitalNeutralBuyUpgrade
Jan 24, 2023Deutsche BankBuyUpgrade
Dec 08, 2022UBSSellInitialise
Dec 07, 2022Wolfe ResearchPeer PerformDowngrade
Dec 06, 2022CIBCOutperformUpgrade
Nov 15, 2022MoffettNathansonMarket PerformInitialise
Sep 24, 2022Morgan StanleyReduceReduceHold
Sep 20, 2022RBC CapitalOutperformOutperformHold
Sep 20, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 11, 2022Atlantic EquitiesNeutralOverweightUpgrade
Aug 11, 2022Atlantic EquitiesNeutralUpgrade
Jul 27, 2022CitigroupNeutralNeutralHold
Jul 07, 2022KeyBancOverweightOverweightHold
Jul 05, 2022JMP SecuritiesMarket PerformInitialise
May 18, 2022William BlairOutperformOutperformHold
Apr 28, 2022RBC CapitalOutperformOutperformHold
Apr 26, 2022Roth CapitalNeutralNeutralHold
Apr 26, 2022Zacks Investment ResearchHoldHoldHold
Apr 25, 2022Piper SandlerOverweightOverweightHold
Apr 25, 2022William BlairOutperformOutperformHold
Apr 07, 2022Wells FargoOverweightInitialise
Feb 17, 2022Roth CapitalNeutralBuyDowngrade
Feb 17, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Feb 06, 2022BarclaysEqual-WeightEqual-WeightHold
Oct 31, 2020Goldman SachsBuyBuyHold
Sep 21, 2020Loop Capital MarketsHoldHoldHold

Shopify's last stock rating was published by Deutsche Bank on Dec 04, 2024. The company gave SHOP a "Buy" rating, the same as its previous rate.

Shopify Financial Forecast

Shopify Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue-----------------------$1.51B$1.73B$1.37B$1.30B$1.20B$1.38B$1.12B
Avg Forecast$5.77B$4.62B$4.40B$4.14B$4.81B$3.85B$3.67B$3.44B$3.82B$3.08B$2.95B$2.72B$3.22B$2.57B$2.46B$2.26B$2.66B$2.15B$2.02B$1.86B$2.12B$1.67B$1.63B$1.43B$1.63B$1.29B$1.33B$1.26B$1.33B$1.13B
High Forecast$5.98B$4.78B$4.56B$4.29B$4.99B$3.99B$3.80B$3.57B$3.96B$3.19B$3.06B$2.82B$3.34B$2.66B$2.55B$2.33B$2.69B$2.23B$2.09B$1.93B$2.16B$1.71B$1.69B$1.49B$1.69B$1.29B$1.33B$1.26B$1.33B$1.13B
Low Forecast$5.59B$4.47B$4.26B$4.01B$4.66B$3.73B$3.55B$3.33B$3.70B$2.98B$2.86B$2.63B$3.12B$2.49B$2.38B$2.18B$2.64B$2.08B$1.96B$1.80B$2.08B$1.64B$1.58B$1.39B$1.58B$1.29B$1.33B$1.26B$1.33B$1.13B
# Analysts11171117141214122212221211171124271381016331616171515151616
Surprise %-----------------------1.05%1.06%1.06%0.97%0.95%1.04%1.00%

Shopify's average Quarter revenue forecast for Jun 23 based on 16 analysts is $1.63B, with a low forecast of $1.58B, and a high forecast of $1.69B. SHOP's average Quarter revenue forecast represents a 8.23% increase compared to the company's last Quarter revenue of $1.51B (Mar 23).

Shopify EBITDA Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts11171117141214122212221211171124271381016331616171515151616
EBITDA-----------------------$-381.00M$-188.75M$-297.44M$-161.89M$-75.70M$-467.94M$1.35B
Avg Forecast$21.67M$17.34M$16.53M$15.54M$18.08M$14.48M$13.77M$12.93M$14.36M$11.56M$11.09M$10.21M$12.09M$9.64M$9.25M$8.49M$9.98M$8.08M$7.59M$6.98M$7.95M$6.28M$6.13M$5.38M$-427.33M$-21.37M$-22.02M$-20.90M$-22.04M$-18.63M
High Forecast$22.47M$17.97M$17.13M$16.10M$18.74M$15.01M$14.28M$13.40M$14.89M$11.98M$11.50M$10.59M$12.53M$9.99M$9.58M$8.75M$10.09M$8.37M$7.86M$7.23M$8.10M$6.42M$6.35M$5.58M$-341.86M$-21.37M$-22.02M$-20.90M$-22.04M$-18.63M
Low Forecast$21.00M$16.79M$16.01M$15.05M$17.52M$14.03M$13.34M$12.52M$13.91M$11.20M$10.75M$9.90M$11.71M$9.34M$8.96M$8.20M$9.90M$7.83M$7.35M$6.76M$7.80M$6.17M$5.94M$5.22M$-512.79M$-21.37M$-22.02M$-20.90M$-22.04M$-18.63M
Surprise %------------------------70.77%0.44%13.92%7.35%3.62%21.23%-72.73%

16 analysts predict SHOP's average Quarter EBITDA for Dec 21 to be $-22.04M, with a high of $-22.04M and a low of $-22.04M. This is -101.63% lower than Shopify's previous annual EBITDA (Sep 21) of $1.35B.

Shopify Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts11171117141214122212221211171124271381016331616171515151616
Net Income-----------------------$68.00M$-623.69M$-158.41M$-1.20B$-1.47B$-371.31M$1.15B
Avg Forecast$1.69B$1.10B$984.41M$807.72M$1.31B$845.58M$744.62M$593.18M$858.55M$614.64M$543.41M$420.89M$656.40M$474.52M$420.63M$345.94M$543.35M$362.39M$266.16M$1.92B$401.50M$190.65M$83.03M$1.52B$-339.08M$-86.40M$32.21M$1.20B$168.95M$153.69M
High Forecast$1.77B$1.15B$1.03B$846.00M$1.37B$885.66M$779.91M$621.29M$899.24M$643.77M$569.16M$440.84M$687.51M$497.02M$440.57M$461.25M$669.71M$369.50M$267.02M$2.30B$453.31M$340.43M$86.96M$1.82B$-271.27M$-86.40M$32.21M$1.44B$168.95M$153.69M
Low Forecast$1.62B$1.05B$944.40M$774.89M$1.26B$811.21M$714.36M$569.07M$823.65M$589.66M$521.32M$403.78M$629.71M$455.23M$403.52M$230.63M$429.63M$355.28M$265.31M$1.54B$271.98M$108.94M$79.65M$1.21B$-406.90M$-86.40M$32.21M$959.52M$168.95M$153.69M
Surprise %-----------------------0.04%1.84%1.83%-37.38%-1.23%-2.20%7.47%

Shopify's average Quarter net income forecast for Jun 23 is $83.03M, with a range of $79.65M to $86.96M. SHOP's average Quarter net income forecast represents a 22.10% increase compared to the company's last Quarter net income of $68.00M (Mar 23).

Shopify SG&A Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts11171117141214122212221211171124271381016331616171515151616
SG&A-----------------------$410.00M$512.39M$557.60M$456.80M$411.46M$376.53M$366.67M
Avg Forecast$1.81B$1.45B$1.38B$1.30B$1.51B$1.21B$1.15B$1.08B$1.20B$964.69M$925.78M$852.53M$1.01B$804.42M$771.78M$708.67M$832.57M$674.34M$633.21M$402.53M$663.56M$524.27M$511.66M$318.21M$343.85M$405.28M$417.56M$251.55M$417.96M$353.24M
High Forecast$1.87B$1.50B$1.43B$1.34B$1.56B$1.25B$1.19B$1.12B$1.24B$999.86M$959.53M$883.61M$1.05B$833.75M$799.92M$730.24M$841.76M$698.93M$656.30M$483.04M$676.39M$535.78M$530.31M$381.85M$412.62M$405.28M$417.56M$301.86M$417.96M$353.24M
Low Forecast$1.75B$1.40B$1.34B$1.26B$1.46B$1.17B$1.11B$1.05B$1.16B$934.52M$896.83M$825.87M$977.53M$779.27M$747.65M$684.02M$826.45M$653.26M$613.42M$322.03M$650.74M$514.82M$495.66M$254.57M$275.08M$405.28M$417.56M$201.24M$417.96M$353.24M
Surprise %-----------------------1.29%1.49%1.38%1.09%1.64%0.90%1.04%

Shopify's average Quarter SG&A projection for Jun 23 is $511.66M, based on 16 Wall Street analysts, with a range of $495.66M to $530.31M. The forecast indicates a 24.79% rise compared to SHOP last annual SG&A of $410.00M (Mar 23).

Shopify EPS Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts11171117141214122212221211171124271381016331616171515151616
EPS-----------------------$0.05$-0.49$-0.12$-0.95$-1.17$-0.30$0.90
Avg Forecast$1.30$0.84$0.76$0.62$1.01$0.65$0.57$0.46$0.66$0.47$0.42$0.32$0.50$0.36$0.32$0.27$0.42$0.28$0.20$0.17$0.31$0.15$0.06$-0.04$-0.01$-0.07$0.02$0.06$0.13$0.12
High Forecast$1.36$0.88$0.79$0.65$1.06$0.68$0.60$0.48$0.69$0.49$0.44$0.34$0.53$0.38$0.34$0.35$0.51$0.28$0.21$0.17$0.35$0.26$0.07$-0.04$-0.01$-0.07$0.02$0.06$0.13$0.12
Low Forecast$1.25$0.81$0.73$0.60$0.97$0.62$0.55$0.44$0.63$0.45$0.40$0.31$0.48$0.35$0.31$0.18$0.33$0.27$0.20$0.17$0.21$0.08$0.06$-0.04$-0.01$-0.07$0.02$0.06$0.13$0.12
Surprise %------------------------1.25%36.66%1.81%-38.34%-18.69%-2.31%7.61%

According to 16 Wall Street analysts, Shopify's projected average Quarter EPS for Jun 23 is $0.06, with a low estimate of $0.06 and a high estimate of $0.07. This represents a 27.58% increase compared to SHOP previous annual EPS of $0.05 (Mar 23).

Shopify Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
INTUIntuit$645.29$744.0015.30%Buy
WDAYWorkday$269.04$289.507.60%Buy
DDOGDatadog$148.40$150.331.30%Buy
SNOWSnowflake$163.06$164.580.93%Buy
CRMSalesforce$344.43$338.33-1.77%Buy
ZMZoom Video Communications$85.67$80.40-6.15%Buy
UUnity Software$22.80$21.33-6.45%Hold
SHOPShopify$110.18$98.43-10.66%Buy
NOWServiceNow$1.11K$983.83-11.01%Buy
AIC3.ai$35.71$29.50-17.39%Buy

SHOP Forecast FAQ

Is Shopify a good buy?

Yes, according to 37 Wall Street analysts, Shopify (SHOP) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 21 'Buy' recommendations, accounting for 56.76% of SHOP's total ratings.

What is SHOP's price target?

Shopify (SHOP) average price target is $98.43 with a range of $80 to $130, implying a -10.66% from its last price of $110.18. The data is based on 37 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Shopify stock go up soon?

According to Wall Street analysts' prediction for SHOP stock, the company can go down by -10.66% (from the last price of $110.18 to the average price target of $98.43), up by 17.99% based on the highest stock price target, and down by -27.39% based on the lowest stock price target.

Can Shopify stock reach $200?

SHOP's average twelve months analyst stock price target of $98.43 does not support the claim that Shopify can reach $200 in the near future.

What is Shopify's current price target trend?

1 Wall Street analyst forecast a $125 price target for Shopify (SHOP) this month, up 13.45% from its last price of $110.18. Compared to the last 3 and 12 months, the average price target decreased by -8.33% and decreased by -23.53%, respectively.

What are Shopify's analysts' financial forecasts?

Shopify's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $15.78B (high $16.35B, low $15.28B), average EBITDA is $59.26M (high $61.42M, low $57.41M), average net income is $3.5B (high $3.66B, low $3.35B), average SG&A $4.95B (high $5.13B, low $4.79B), and average EPS is $2.69 (high $2.81, low $2.58). SHOP's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $18.92B (high $19.61B, low $18.33B), average EBITDA is $71.08M (high $73.67M, low $68.86M), average net income is $4.58B (high $4.8B, low $4.4B), average SG&A $5.93B (high $6.15B, low $5.75B), and average EPS is $3.52 (high $3.69, low $3.38).

Did the SHOP's actual financial results beat the analysts' financial forecasts?

Based on Shopify's last annual report (Dec 2022), the company's revenue was $5.6B, beating the average analysts forecast of $5.52B by 1.38%. Apple's EBITDA was $-732M, beating the average prediction of $-492M by 48.85%. The company's net income was $-3.46B, missing the average estimation of $806.12M by -529.27%. Apple's SG&A was $1.94B, beating the average forecast of $1.42B by 36.67%. Lastly, the company's EPS was $-2.73, missing the average prediction of $0.00753 by -36358.25%. In terms of the last quarterly report (Mar 2023), Shopify's revenue was $1.51B, beating the average analysts' forecast of $1.43B by 5.22%. The company's EBITDA was $-381M, missing the average prediction of $5.38M by -7176.95%. Shopify's net income was $68M, missing the average estimation of $1.52B by -95.52%. The company's SG&A was $410M, beating the average forecast of $318.21M by 28.85%. Lastly, the company's EPS was $0.05, missing the average prediction of $-0.04 by -225.09%