Shopify Inc
NYSE:SHOP

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Shopify Inc
NYSE:SHOP
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Price: 108.95 USD 1.76% Market Closed
Market Cap: 140.8B USD
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Wall Street
Price Targets

SHOP Price Targets Summary
Shopify Inc

Wall Street analysts forecast SHOP stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SHOP is 118.22 USD with a low forecast of 80.8 USD and a high forecast of 152.25 USD.

Lowest
Price Target
80.8 USD
26% Downside
Average
Price Target
118.22 USD
9% Upside
Highest
Price Target
152.25 USD
40% Upside

SHOP Last Price Targets
Shopify Inc

The latest public price target was made on Nov 13, 2024 by Clarke Jeffries from Piper Sandler , who expects SHOP stock to drop by 14% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Clarke Jeffries
Piper Sandler
94 USD
Downside 14%
1 month ago
Nov 13, 2024
Shopify (SHOP) PT Raised to $94 at Piper Sandler
StreetInsider
Anthony Chukumba
Loop Capital Markets
110 USD
Upside 1%
1 month ago
Nov 13, 2024
Shopify (SHOP) PT Raised to $110 at Loop Capital
StreetInsider
Terry Tillman
Truist Financial
110 USD
Upside 1%
1 month ago
Nov 13, 2024
Shopify (SHOP) PT Raised to $110 at Truist Securities
StreetInsider
Ken Wong
Oppenheimer
130 USD
Upside 19%
1 month ago
Nov 12, 2024
Shopify (SHOP) PT Raised to $130 at Oppenheimer on Q3 beat
StreetInsider
Mark Mahaney
Evercore ISI
125 USD
Upside 15%
1 month ago
Nov 12, 2024
Shopify (SHOP) PT Raised to $125 at Evercore ISI
StreetInsider
Kevin Krishnaratne
Scotiabank
80 USD
Downside 27%
1 month ago
Oct 24, 2024
Shopify (SHOP) PT Raised to $80 at Scotiabank
StreetInsider
Desmond Lau
Veritas Investment Research
80 USD
Downside 27%
1 month ago
Oct 23, 2024
Shopify downgraded to Reduce from Buy at Veritas
TheFly
Paul Treiber
RBC Capital
100 USD
Downside 8%
2 months ago
Oct 18, 2024
Shopify (SHOP) PT Raised to $100 at RBC Capital
StreetInsider
Clarke Jeffries
Piper Sandler
67 USD
Downside 39%
2 months ago
Oct 11, 2024
Piper Sandler Reiterates Neutral Rating on Shopify (SHOP)
StreetInsider
Anthony Chukumba
Loop Capital Markets
90 USD
Downside 17%
2 months ago
Oct 9, 2024
Shopify price target raised to $90 from $80 at Loop Capital
TheFly
Andrew Bauch
Wells Fargo
90 USD
Downside 17%
3 months ago
Sep 11, 2024
Shopify price target raised to $90 from $80 at Wells Fargo
TheFly
Jeff Cantwell
Seaport Global
84 USD
Downside 23%
4 months ago
Aug 8, 2024
Shopify price target raised to $84 from $80 at Seaport Research
TheFly
Tyler Radke
Citigroup
90 USD
Downside 17%
4 months ago
Aug 8, 2024
Shopify (SHOP) PT Lowered to $90 at Citi
StreetInsider
Terry Tillman
Truist Financial
55 USD
Downside 50%
4 months ago
Aug 5, 2024
Shopify price target lowered to $55 from $65 at Truist
TheFly
Justin Patterson
KeyBanc
80 USD
Downside 27%
4 months ago
Jul 24, 2024
Shopify resumed with an Overweight at KeyBanc
TheFly
Shweta Khajuria
Wolfe Research
80 USD
Downside 27%
5 months ago
Jul 15, 2024
Wolfe starts Shopify at Outperform, says company extending leadership position
TheFly
Mark Mahaney
Evercore ISI
75 USD
Downside 31%
6 months ago
Jun 14, 2024
Evercore ISI Upgrades Shopify (SHOP) to Outperform
StreetInsider
Reginald Smith
J.P. Morgan
74 USD
Downside 32%
6 months ago
Jun 11, 2024
Shopify Has Competitive Moat That Warrants Premium Valuation: JP Morgan Analyst
Benzinga
Michael Morton
MoffettNathanson
65 USD
Downside 40%
6 months ago
Jun 6, 2024
MoffettNathanson Downgrades Shopify (SHOP) to Neutral
StreetInsider
Jeff Cantwell
Wells Fargo
75 USD
Downside 31%
6 months ago
May 28, 2024
Wells Fargo Reiterates Overweight Rating on Shopify (SHOP)
StreetInsider
Gabriela Borges
Goldman Sachs
74 USD
Downside 32%
7 months ago
May 22, 2024
Goldman Sachs Upgrades Shopify (SHOP) to Buy
StreetInsider
Siti Panigrahi
Mizuho Securities
65 USD
Downside 40%
7 months ago
May 9, 2024
Shopify (SHOP) PT Lowered to $65 at Mizuho
StreetInsider
Andrew Boone
JMP Securities
80 USD
Downside 27%
7 months ago
May 9, 2024
JMP Securities Upgrades Shopify (SHOP) to Market Outperform
StreetInsider
Todd Coupland
CIBC
85 USD
Downside 22%
7 months ago
May 9, 2024
Shopify earnings selloff a buying opportunity, says CIBC
TheFly
Kevin Krishnaratne
Scotiabank
75 USD
Downside 31%
7 months ago
May 9, 2024
Shopify (SHOP) PT Lowered to $75 at Scotiabank
StreetInsider
Gil Luria
D.A. Davidson
84 USD
Downside 23%
7 months ago
May 9, 2024
Shopify (SHOP) PT Lowered to $84 at DA Davidson
StreetInsider
Colin Sebastian
Robert W. Baird
77 USD
Downside 29%
7 months ago
May 9, 2024
Shopify (SHOP) PT Lowered to $77 at Baird
StreetInsider
Bhavin Shah
Deutsche Bank
80 USD
Downside 27%
7 months ago
May 9, 2024
Shopify (SHOP) PT Lowered to $80 at Deutsche Bank
StreetInsider
Paul Treiber
RBC Capital
85 USD
Downside 22%
7 months ago
May 9, 2024
Shopify (SHOP) PT Lowered to $85 at RBC Capital
StreetInsider
Scott Devitt
Wedbush
68 USD
Downside 38%
7 months ago
May 8, 2024
Shopify price target lowered to $68 from $75 at Wedbush
TheFly
Clarke Jeffries
Piper Sandler
63 USD
Downside 42%
7 months ago
May 8, 2024
Shopify upgraded to Neutral from Underweight at Piper Sandler
TheFly
Terry Tillman
Truist Financial
85 USD
Downside 22%
7 months ago
May 7, 2024
Shopify Q1 Preview: Analysts Predict Strong Sales Growth
Benzinga
Keith Weiss
Morgan Stanley
85 USD
Downside 22%
8 months ago
Apr 19, 2024
Morgan Stanley Upgrades Shopify (SHOP) to Overweight, 'Still Operating Leverage Left to Realize'
StreetInsider
Anthony Chukumba
Loop Capital Markets
80 USD
Downside 27%
8 months ago
Apr 15, 2024
Shopify (SHOP) PT Lowered to $80 at Loop Capital
StreetInsider
Colin Sebastian
Robert W. Baird
87 USD
Downside 20%
8 months ago
Apr 3, 2024
Shopify (SHOP) PT Raised to $87 at Baird, 'see modest sequential (Q/Q) growth'
StreetInsider
Ken Wong
Oppenheimer
90 USD
Downside 17%
9 months ago
Mar 18, 2024
Oppenheimer Sees Risk to Shopify (SHOP) Revenue Consensus
StreetInsider
Andrew Jeffrey
Truist Financial
60 USD
Downside 45%
10 months ago
Feb 9, 2024
Affirm's Guidance Implies Slowdown In GMV Growth: 7 Analysts Examine Q2 Print
Benzinga
Clarke Jeffries
Piper Sandler
56 USD
Downside 49%
1 year ago
Dec 6, 2023
Why Is Shopify Stock Trading Lower Wednesday?
Benzinga
Paul Treiber
RBC Capital
80 USD
Downside 27%
1 year ago
Nov 27, 2023
Shopify Enjoys Growth On Heels Of Black Friday: Here's What Analysts Have To Say
Benzinga
Darren Aftahi
Roth Capital
76 USD
Downside 30%
1 year ago
Aug 29, 2023
Shopify To Gain From Dominant Position In Omni-Channel Commerce Space: Analyst
Benzinga
Paul Treiber
RBC Capital
75 USD
Downside 31%
1 year ago
Jul 20, 2023
Shopify's AI Initiatives And Pricing Strategy Could Expand Total Addressable Market And Boost Stock Performance: Analyst
Benzinga
Darren Aftahi
Roth Capital
73 USD
Downside 33%
1 year ago
Jul 13, 2023
Shopify Expected To Show Robust Merchant Growth In 2Q23, Survey Indicates: Analyst
Benzinga
Ken Wong
Oppenheimer
80 USD
Downside 27%
1 year ago
Jun 20, 2023
Shopify Expects Stronger Margins And EBIT In FY24: Analyst
Benzinga
Josh Beck
KeyBanc
65 USD
Downside 40%
1 year ago
May 5, 2023
Analyst Raises Shopify's EBIT Forecasts, Sees Strong Growth Potential With Flexport Deal
Benzinga
Ken Wong
Oppenheimer
65 USD
Downside 40%
1 year ago
Apr 13, 2023
Analyst Predicts Shopify Revenue Growth To Exceed Pre-Covid Levels, Sees Significant Upside
Benzinga
Andrew Boone
JMP Securities
65 USD
Downside 40%
1 year ago
Apr 12, 2023
Shopify Shares Climb As Analyst Turns Bullish On Upside Potential And Market Share Gains
Benzinga
Josh Beck
Loop Capital Markets
55 USD
Downside 50%
1 year ago
Feb 16, 2023
What 6 Shopify Analysts Are Saying About Q4 Results, Q1 Guidance
Benzinga
Unknown Analyst
Citigroup
54 USD
Downside 50%
1 year ago
Feb 2, 2023
Citigroup Maintains Neutral on Shopify, Raises Price Target to $54
Benzinga
Unknown Analyst
Scotiabank
43 USD
Downside 61%
1 year ago
Feb 1, 2023
Scotiabank Initiates Coverage On Shopify with Sector Perform Rating, Announces Price Target of $43
Benzinga
Show More Price Targets
Show Less Price Targets
Clarke Jeffries
Piper Sandler
Price Target 94 USD
Upside/Downside 14%
View Source
Anthony Chukumba
Loop Capital Markets
Price Target 110 USD
Upside/Downside 1%
View Source
Terry Tillman
Truist Financial
Price Target 110 USD
Upside/Downside 1%
View Source
Ken Wong
Oppenheimer
Price Target 130 USD
Upside/Downside 19%
View Source
Mark Mahaney
Evercore ISI
Price Target 125 USD
Upside/Downside 15%
View Source
Kevin Krishnaratne
Scotiabank
Price Target 80 USD
Upside/Downside 27%
View Source
Desmond Lau
Veritas Investment Research
Price Target 80 USD
Upside/Downside 27%
View Source
Paul Treiber
RBC Capital
Price Target 100 USD
Upside/Downside 8%
View Source
Clarke Jeffries
Piper Sandler
Price Target 67 USD
Upside/Downside 39%
View Source
Anthony Chukumba
Loop Capital Markets
Price Target 90 USD
Upside/Downside 17%
View Source
Andrew Bauch
Wells Fargo
Price Target 90 USD
Upside/Downside 17%
View Source
Jeff Cantwell
Seaport Global
Price Target 84 USD
Upside/Downside 23%
View Source
Tyler Radke
Citigroup
Price Target 90 USD
Upside/Downside 17%
View Source
Terry Tillman
Truist Financial
Price Target 55 USD
Upside/Downside 50%
View Source
Justin Patterson
KeyBanc
Price Target 80 USD
Upside/Downside 27%
View Source
Shweta Khajuria
Wolfe Research
Price Target 80 USD
Upside/Downside 27%
View Source
Mark Mahaney
Evercore ISI
Price Target 75 USD
Upside/Downside 31%
View Source
Reginald Smith
J.P. Morgan
Price Target 74 USD
Upside/Downside 32%
View Source
Michael Morton
MoffettNathanson
Price Target 65 USD
Upside/Downside 40%
View Source
Jeff Cantwell
Wells Fargo
Price Target 75 USD
Upside/Downside 31%
View Source
Gabriela Borges
Goldman Sachs
Price Target 74 USD
Upside/Downside 32%
View Source
Siti Panigrahi
Mizuho Securities
Price Target 65 USD
Upside/Downside 40%
View Source
Andrew Boone
JMP Securities
Price Target 80 USD
Upside/Downside 27%
View Source
Todd Coupland
CIBC
Price Target 85 USD
Upside/Downside 22%
View Source
Kevin Krishnaratne
Scotiabank
Price Target 75 USD
Upside/Downside 31%
View Source
Gil Luria
D.A. Davidson
Price Target 84 USD
Upside/Downside 23%
View Source
Colin Sebastian
Robert W. Baird
Price Target 77 USD
Upside/Downside 29%
View Source
Bhavin Shah
Deutsche Bank
Price Target 80 USD
Upside/Downside 27%
View Source
Paul Treiber
RBC Capital
Price Target 85 USD
Upside/Downside 22%
View Source
Scott Devitt
Wedbush
Price Target 68 USD
Upside/Downside 38%
View Source
Clarke Jeffries
Piper Sandler
Price Target 63 USD
Upside/Downside 42%
View Source
Terry Tillman
Truist Financial
Price Target 85 USD
Upside/Downside 22%
View Source
Keith Weiss
Morgan Stanley
Price Target 85 USD
Upside/Downside 22%
View Source
Anthony Chukumba
Loop Capital Markets
Price Target 80 USD
Upside/Downside 27%
View Source
Colin Sebastian
Robert W. Baird
Price Target 87 USD
Upside/Downside 20%
View Source
Ken Wong
Oppenheimer
Price Target 90 USD
Upside/Downside 17%
View Source
Andrew Jeffrey
Truist Financial
Price Target 60 USD
Upside/Downside 45%
View Source
Clarke Jeffries
Piper Sandler
Price Target 56 USD
Upside/Downside 49%
View Source
Paul Treiber
RBC Capital
Price Target 80 USD
Upside/Downside 27%
View Source
Darren Aftahi
Roth Capital
Price Target 76 USD
Upside/Downside 30%
View Source
Paul Treiber
RBC Capital
Price Target 75 USD
Upside/Downside 31%
View Source
Darren Aftahi
Roth Capital
Price Target 73 USD
Upside/Downside 33%
View Source
Ken Wong
Oppenheimer
Price Target 80 USD
Upside/Downside 27%
View Source
Josh Beck
KeyBanc
Price Target 65 USD
Upside/Downside 40%
View Source
Ken Wong
Oppenheimer
Price Target 65 USD
Upside/Downside 40%
View Source
Andrew Boone
JMP Securities
Price Target 65 USD
Upside/Downside 40%
View Source
Josh Beck
Loop Capital Markets
Price Target 55 USD
Upside/Downside 50%
View Source
Unknown Analyst
Citigroup
Price Target 54 USD
Upside/Downside 50%
View Source
Unknown Analyst
Scotiabank
Price Target 43 USD
Upside/Downside 61%
View Source
Show More Price Targets
Show Less Price Targets
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Revenue
Forecast

Revenue Estimate
Shopify Inc

For the last 8 years the compound annual growth rate for Shopify Inc's revenue is 56%. The projected CAGR for the next 4 years is 23%.

56%
Past Growth
23%
Estimated Growth
Estimates Accuracy
0%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Shopify Inc

The compound annual growth rate of Shopify Inc's operating income for the next 4 years is 393%.

N/A
Past Growth
393%
Estimated Growth
Estimates Accuracy
64%
Average Beat

Net Income
Forecast

Net Income Estimate
Shopify Inc

The compound annual growth rate of Shopify Inc's net income for the next 4 years is 116%.

N/A
Past Growth
116%
Estimated Growth
Estimates Accuracy
35%
Average Beat

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is SHOP's stock price target?
Price Target
118.22 USD

According to Wall Street analysts, the average 1-year price target for SHOP is 118.22 USD with a low forecast of 80.8 USD and a high forecast of 152.25 USD.

What is Shopify Inc's Revenue forecast?
Projected CAGR
23%

For the last 8 years the compound annual growth rate for Shopify Inc's revenue is 56%. The projected CAGR for the next 4 years is 23%.

What is Shopify Inc's Operating Income forecast?
Projected CAGR
393%

The compound annual growth rate of Shopify Inc's operating income for the next 4 years is 393%.

What is Shopify Inc's Net Income forecast?
Projected CAGR
116%

The compound annual growth rate of Shopify Inc's net income for the next 4 years is 116%.

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