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Shopify (TSE:SHOP)
TSX:SHOP

Shopify (SHOP) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

SHOP Analyst Ratings

Moderate Buy
33Ratings
12 Buy
18 Hold
3 Sell
Based on 33 analysts giving stock ratings to
Shopify
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

SHOP Stock 12 Months Forecast

Average Price Target

C$110.41
▲(7.34% Upside)
Based on 33 Wall Street analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is C$110.41 with a high forecast of C$135.62 and a low forecast of C$85.44. The average price target represents a 7.34% change from the last price of C$102.86.
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Highest Price TargetC$135.62Average Price TargetC$110.41Lowest Price TargetC$85.44
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Citi
C$126.13
Hold
22.62%
Upside
Reiterated
02/14/24
Analysts Have Conflicting Sentiments on These Technology Companies: GoDaddy (NYSE: GDDY), Shopify (NYSE: SHOP) and Palo Alto Networks (NASDAQ: PANW)
UBS
C$108.50
Hold
5.48%
Upside
Reiterated
02/14/24
Shopify (SHOP) PT Raised to $80 at UBSUBS analyst Timothy Chiodo raised the price target on Shopify (NYSE: SHOP) to $80.00 (from $75.00) while maintaining a Neutral rating.
Seaport Global
C$122.06
Buy
18.67%
Upside
Reiterated
02/14/24
Shopify price target raised to $90 from $85 at Seaport ResearchShopify price target raised to $90 from $85 at Seaport Research
Piper Sandler
C$85.44
Sell
-16.93%
Downside
Assigned
02/14/24
New Sell Rating for Shopify (SHOP), the Technology Giant
Scotiabank
C$94.94
Hold
-7.70%
Downside
Reiterated
02/14/24
Analysts Offer Insights on Technology Companies: Shopify (NYSE: SHOP) and Datadog (NASDAQ: DDOG)

Best Analysts Covering Shopify

Which Analyst Should I Follow If I Want to Buy TSE:SHOP and Sell After:
1 Month
Josh BeckRaymond James
Success Rate
17/24 ratings generated profit
71%
Average Return
+7.02%
reiterated a buy rating 10 months ago
Copying Josh Beck's trades and holding each position for 1 Month would result in 70.83% of your transactions generating a profit, with an average return of +7.02% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
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3 Months
Kenneth WongOppenheimer
Success Rate
15/20 ratings generated profit
75%
Average Return
+18.11%
assigned a buy rating 27 days ago
Copying Kenneth Wong's trades and holding each position for 3 Months would result in 75.00% of your transactions generating a profit, with an average return of +18.11% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
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1 Year
Kenneth WongOppenheimer
Success Rate
18/20 ratings generated profit
90%
Average Return
+52.01%
assigned a buy rating 27 days ago
Copying Kenneth Wong's trades and holding each position for 1 Year would result in 90.00% of your transactions generating a profit, with an average return of +52.01% per trade.
2 Years
Kenneth WongOppenheimer
Success Rate
18/20 ratings generated profit
90%
Average Return
+61.29%
assigned a buy rating 27 days ago
Copying Kenneth Wong's trades and holding each position for 2 Years would result in 90.00% of your transactions generating a profit, with an average return of +61.29% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
Go Premium
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

SHOP Analyst Recommendation Trends

Rating
Oct 23
Nov 23
Dec 23
Jan 24
Feb 24
Strong Buy
2
2
2
1
0
Buy
23
21
29
34
33
Hold
27
27
41
42
42
Sell
0
1
3
6
7
Strong Sell
0
0
0
0
0
total
52
51
75
83
82
In the current month, SHOP has received 33 Buy Ratings, 42 Hold Ratings, and 7 Sell Ratings. SHOP average Analyst price target in the past 3 months is C$110.41.
Each month's total comprises the sum of three months' worth of ratings.
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SHOP Financial Forecast

SHOP Earnings Forecast

Next quarter’s earnings estimate for SHOP is C$0.23 with a range of C$0.15 to C$0.45. The previous quarter’s EPS was C$0.46. SHOP beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 45.87% of the time in the same period. In the last calendar year SHOP has Outperformed its overall industry.
Next quarter’s earnings estimate for SHOP is C$0.23 with a range of C$0.15 to C$0.45. The previous quarter’s EPS was C$0.46. SHOP beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 45.87% of the time in the same period. In the last calendar year SHOP has Outperformed its overall industry.

SHOP Sales Forecast

Next quarter’s sales forecast for SHOP is C$2.49B with a range of C$2.46B to C$2.54B. The previous quarter’s sales results were C$2.92B. SHOP beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 49.40% of the time in the same period. In the last calendar year SHOP has Outperformed its overall industry.
Next quarter’s sales forecast for SHOP is C$2.49B with a range of C$2.46B to C$2.54B. The previous quarter’s sales results were C$2.92B. SHOP beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 49.40% of the time in the same period. In the last calendar year SHOP has Outperformed its overall industry.

SHOP Stock Forecast FAQ

What is TSE:SHOP’s average 12-month price target, according to analysts?
Based on analyst ratings, Shopify’s 12-month average price target is C$110.41.
    What is TSE:SHOP’s upside potential, based on the analysts’ average price target?
    Shopify has 7.34% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is TSE:SHOP a Buy, Sell or Hold?
          Shopify has a conensus rating of Moderate Buy which is based on 12 buy ratings, 18 hold ratings and 3 sell ratings.
            What is Shopify’s price target?
            The average price target for Shopify is C$110.41. This is based on 33 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is C$135.62 ,the lowest forecast is C$85.44. The average price target represents 7.34% Increase from the current price of C$102.86.
              What do analysts say about Shopify?
              Shopify’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 33 Wall Streets Analysts.
                How can I buy shares of TSE:SHOP?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
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