Shopify (SHOP) Stock Forecast & Price Target

C$156.72 +2.63 (+1.71%)

(As of 12/20/2024 05:17 PM ET)

Shopify - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 2 Analyst Ratings

Sell
0

Hold
1

Buy
1

Based on 2 Wall Street analysts who have issued ratings for Shopify in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 2 analysts, 1 has given a hold rating, and 1 has given a buy rating for SHOP.

Consensus Price Target

C$125.00
-20.24% Downside

According to the 2 analysts' twelve-month price targets for Shopify, the average price target is C$125.00. The highest price target for SHOP is C$145.00, while the lowest price target for SHOP is C$90.00. The average price target represents a forecasted downside of -20.24% from the current price of C$156.72.

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SHOP Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$125.00	C$118.75	C$103.33	C$89.00
Forecasted Upside	-20.24% Downside	-20.20% Downside	-3.21% Downside	-12.63% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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SHOP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SHOP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Shopify Stock vs. The Competition

Type	Shopify	Computer and Technology Companies
Consensus Rating Score	2.50	2.68
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent SHOP News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2024	ATB Capital 4 of 5 stars	Downgrade	Outperform ➝ Sector Perform	C$120.00 ➝ C$145.00	-7.53%
11/13/2024	National Bankshares 1 of 5 stars	Boost Target		C$100.00 ➝ C$140.00	-10.72%
2/14/2024	Canaccord Genuity Group 1 of 5 stars	Boost Target	Buy	C$86.00 ➝ C$90.00	-17.03%
12/6/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$80.00 ➝ C$100.00	+2.08%
8/3/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	C$55.00 ➝ C$62.00	-20.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:34 AM ET.

Should I Buy Shopify Stock? SHOP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, December 12, 2024. Please send any questions or comments about these Shopify pros and cons to contact@marketbeat.com.

Shopify
Bull Case

Here are some ways that investors could benefit from investing in Shopify Inc.:

Shopify Inc. has shown strong stock performance recently, with a current stock price of C$157.67, reflecting a significant increase from its 1-year low of C$72.36.
The company has a robust market capitalization of C$190.78 billion, indicating its strong position in the market and potential for growth.
Shopify Inc. has a high current ratio of 7.32, suggesting that it has ample short-term assets to cover its liabilities, which is a positive indicator of financial health.
Recent analyst upgrades, such as National Bankshares raising their target price from C$100.00 to C$140.00, reflect growing confidence in the company's future performance.
The company has a low price-to-earnings growth (P/E/G) ratio of 0.87, which may indicate that the stock is undervalued relative to its growth potential, making it an attractive investment opportunity.

Shopify
Bear Case

Investors should be bearish about investing in Shopify Inc. for these reasons:

Shopify Inc. has a high price-to-earnings (P/E) ratio of 115.09, which may suggest that the stock is overvalued compared to its earnings, potentially leading to a price correction.
The company has a significant debt-to-equity ratio of 12.40, indicating a reliance on debt financing, which could pose risks if market conditions change.
Despite recent stock price increases, the volatility indicated by a beta of 2.36 suggests that the stock may experience larger price swings, which could be risky for investors.
Analyst ratings have shown mixed signals, with some brokerages downgrading their ratings, which could indicate uncertainty about the company's future performance.
Shopify Inc. has a relatively high trading volume compared to its average, which could indicate speculative trading rather than stable investment, raising concerns about market manipulation.

SHOP Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Shopify is C$125.00, with a high forecast of C$145.00 and a low forecast of C$90.00.
: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There is currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SHOP shares.
: According to analysts, Shopify's stock has a predicted downside of -20.24% based on their 12-month stock forecasts.
: Over the previous 90 days, Shopify's stock had 1 downgrade by analysts.
: Shopify has been rated by research analysts at ATB Capital, and National Bankshares in the past 90 days.
: Analysts like Shopify less than other "computer and technology" companies. The consensus rating score for Shopify is 2.50 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how SHOP compares to other companies.

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This page (TSE:SHOP) was last updated on 12/21/2024 by MarketBeat.com Staff

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Shopify (SHOP) Stock Forecast & Price Target