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

OverviewForecast
EarningsDividendOwnershipStatistics

Analyst price target for SHOP

Based on 13 analysts offering 12 month price targets for Shopify Inc.
Min Forecast
$63.00-12.5%
Avg Forecast
$81.00+12.5%
Max Forecast
$105.00+45.83%

Should I buy or sell SHOP stock?

Based on 13 analysts offering ratings for Shopify Inc.
Buy
Strong Buy
4 analysts 30.77%
Buy
2 analysts 15.38%
Hold
5 analysts 38.46%
Sell
0 analysts 0%
Strong Sell
2 analysts 15.38%

Be the first to know when Wall Street analysts revise their SHOP stock forecasts and price targets.

SHOP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-29
lockedlocked$00.00+00.00%2024-04-19
lockedlocked$00.00+00.00%2024-04-15
lockedlocked$00.00+00.00%2024-04-11
lockedlocked$00.00+00.00%2024-04-03
Goldman Sachs
Top 18%
83
HoldMaintains$75.00+4.17%2024-02-29
UBS
Top 24%
77
HoldMaintains$80.00+11.11%2024-02-14Find out why
Wells Fargo
Bottom 26%
26
Strong BuyMaintains$85.00+18.06%2024-02-14Find out why
Mizuho
Bottom 7%
7
HoldMaintains$75.00+4.17%2024-02-14Find out why
Barclays
Top 30%
71
HoldMaintains$68.00-5.56%2024-02-14Find out why

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Forecast return on equity

Is SHOP forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
35%

Forecast return on assets

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

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+20.58%
Avg 2 year Forecast
$10.2B+44.46%
Avg 3 year Forecast
$12.5B+77.65%
SHOP's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

SHOP earnings growth forecast

How is SHOP forecast to perform vs Software - Application companies and vs the US market?
Company
110.29%
Industry
17.92%
Market
19.32%
SHOP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
SHOP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
SHOP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

SHOP revenue growth forecast

How is SHOP forecast to perform vs Software - Application companies and vs the US market?
Company
20.34%
Industry
15.52%
Market
9.73%
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$72.00$81.00+12.50%Buy
CDNS$276.44$328.75+18.92%Strong Buy
WDAY$250.85$307.60+22.62%Buy
ROP$510.82$604.29+18.30%Buy
SNOW$157.77$208.93+32.43%Buy
View Top App Stocks

Shopify Stock Forecast FAQ

Is Shopify Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 13 Wall Street analysts covering (NYSE: SHOP) stock is to Buy SHOP stock.

Out of 13 analysts, 4 (30.77%) are recommending SHOP as a Strong Buy, 2 (15.38%) are recommending SHOP as a Buy, 5 (38.46%) are recommending SHOP as a Hold, 0 (0%) are recommending SHOP as a Sell, and 2 (15.38%) 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 revenue growth forecast for 2024-2026?

(NYSE: SHOP) Shopify's forecast annual revenue growth rate of 20.34% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 15.52%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.73%.

Shopify's revenue in 2024 is $7,060,000,000.On average, 15 Wall Street analysts forecast SHOP's revenue for 2024 to be $10,952,763,316,712, with the lowest SHOP revenue forecast at $10,669,398,782,820, and the highest SHOP revenue forecast at $11,209,886,962,909. On average, 14 Wall Street analysts forecast SHOP's revenue for 2025 to be $13,121,632,638,965, with the lowest SHOP revenue forecast at $12,351,152,007,018, and the highest SHOP revenue forecast at $14,028,762,474,872.

In 2026, SHOP is forecast to generate $16,136,362,746,631 in revenue, with the lowest revenue forecast at $14,961,268,623,238 and the highest revenue forecast at $17,478,057,430,405.

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 N/A.

What is SHOP's Price Target?

According to 13 Wall Street analysts that have issued a 1 year SHOP price target, the average SHOP price target is $81.00, with the highest SHOP stock price forecast at $105.00 and the lowest SHOP stock price forecast at $63.00.

On average, Wall Street analysts predict that Shopify's share price could reach $81.00 by Apr 29, 2025. The average Shopify stock price prediction forecasts a potential upside of 12.5% from the current SHOP share price of $72.00.

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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