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Shopify Price Target, Predictions & Analyst Ratings

$34.10
+1.06 (+3.21%)
(As of 07/7/2022 09:58 AM ET)
Add
Compare
Today's Range
$32.30
$34.19
50-Day Range
$30.35
$350.26
52-Week Range
$29.72
$176.29
Volume
233,698 shs
Average Volume
33.98 million shs
Market Capitalization
$42.93 billion
P/E Ratio
272.80
Dividend Yield
N/A
Price Target
$88.39

Shopify (NYSE:SHOP) Price Target and Consensus Rating (2022)

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 Analyst Rating

Moderate Buy
Based on 38 Analyst Ratings

Consensus Analyst Price Target

$101.88
198.76% Upside
High Prediction$560.00
Average Prediction$101.88
Low Prediction$35.00
TypeCurrent
7/7/21 to 7/7/22
1 Month Ago
6/7/21 to 6/7/22
3 Months Ago
4/8/21 to 4/8/22
1 Year Ago
7/7/20 to 7/7/21
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
20 Buy rating(s)
20 Buy rating(s)
20 Buy rating(s)
16 Buy rating(s)
Hold
17 Hold rating(s)
15 Hold rating(s)
15 Hold rating(s)
11 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$101.88$92.48$112.66$145.43
Predicted Upside198.76% Upside19.47% Upside28.29% Upside13.75% Upside
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SHOP Stock Analyst Ratings 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.
Skip Chart & View Analyst Rating History

SHOP Stock Price Target 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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Shopify Stock vs. The Competition

TypeShopifyComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.50
2.62
2.51
Consensus RatingModerate BuyBuyBuy
Predicted Upside167.53% Upside237.39% Upside31.96% Upside
News Sentiment RatingNeutral News
Positive News
Neutral News
MarketBeat
Community Rating
Outperform Votes
1296
71.60%
Underperform Votes
514
28.40%
Avg. Outperform Votes
223
67.37%
Avg. Underperform Votes
108
32.63%
Avg. Outperform Votes
839
69.05%
Avg. Underperform Votes
376
30.95%

Historical Shopify Price Targets and Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/7/2022Evercore ISI
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 Lower Target$660.00 ➝ $560.00+1,584.72%
7/7/2022KeyCorp
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 Lower TargetOverweight$65.00 ➝ $50.00+51.33%
7/7/2022Oppenheimer
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 Lower TargetOutperform$50.00+51.33%
7/5/2022Truist Financial
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 Lower TargetHold$35.00+11.43%
7/5/2022JMP Securities
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 Initiated CoverageMarket Perform
6/30/2022National Bankshares
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 Set TargetOutperform$75.00+135.04%
6/29/2022Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$650.00 ➝ $65.00+97.87%
6/29/2022Morgan Stanley
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Keith Weiss
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Lower TargetEqual Weight$45.00-87.15%
6/23/2022Benchmark
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 UpgradeHold
5/23/2022Jefferies Financial Group
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 Lower Target$55.00 ➝ $47.50+30.71%
5/9/2022Wedbush
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Ygal Arounian
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Lower Target$63.00 ➝ $53.80+42.52%
5/6/2022Royal Bank of Canada
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 Lower TargetOutperform$100.00 ➝ $80.00+109.15%
5/6/2022TD Securities
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 Lower TargetHold$84.00 ➝ $50.00+30.72%
5/6/2022Robert W. Baird
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 Lower Target$100.00 ➝ $63.00+52.51%
5/6/2022Mizuho
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 Lower Target$80.00 ➝ $40.00-3.17%
5/6/2022Citigroup
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 Lower Target$53.40 ➝ $43.20+4.58%
5/5/2022Veritas Investment Research
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Desmond Lau
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DowngradeBuy ➝ Sell
5/3/2022Loop Capital
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Anthony Chukumba
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Lower Target$66.00 ➝ $46.00+0.26%
5/2/2022Deutsche Bank Aktiengesellschaft
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 Lower Target$90.00 ➝ $55.00+28.86%
4/21/2022Roth Capital
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Dd. Aftahi
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Lower Target$85.00 ➝ $62.50+22.14%
4/19/2022Piper Sandler
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 Lower TargetOverweight$90.00 ➝ $80.00+37.69%
4/4/2022Wells Fargo & Company
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 Initiated CoverageOverweight$83.40+14.67%
2/17/2022National Bank Financial
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 Lower TargetOutperform$200.00 ➝ $150.00+127.50%
2/17/2022DA Davidson
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 Lower Target$140.00 ➝ $80.00+19.30%
2/17/2022Wolfe Research
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 Lower TargetOutperform$150.00 ➝ $110.00+52.94%
2/17/2022The Goldman Sachs Group
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Gabriela Borges
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Lower TargetNeutral$157.00 ➝ $83.30+15.82%
2/17/2022Canaccord Genuity Group
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 Lower TargetHold$145.00 ➝ $80.00+11.23%
2/17/2022Credit Suisse Group
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 Lower TargetNeutral$130.00 ➝ $85.00+13.81%
2/1/2022Barclays
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 Lower TargetEqual Weight$180.00 ➝ $120.00+23.77%
1/27/2022Atb Cap Markets
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M. Toner
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Reiterated RatingOutperform
1/27/2022Sumitomo Mitsui Financial Group
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 Initiated CoverageOutperform$120.00+38.10%
1/12/2022William Blair
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M. Pfau
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UpgradeMarket Perform ➝ Outperform
1/11/2022Atlantic Securities
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 DowngradeOverweight ➝ Neutral
11/29/2021Rosenblatt Securities
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M. Zgutowicz
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Reiterated RatingBuy$200.00+26.85%
10/29/2021Susquehanna Bancshares
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 Lower TargetPositive$180.00 ➝ $170.00+16.68%
8/27/2021Guggenheim
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 Reiterated RatingHold
7/29/2021Argus
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 Boost TargetBuy$165.00 ➝ $185.00+20.29%
4/26/2021CIBC
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 Lower TargetNeutral$164.45 ➝ $132.50+15.30%
7/30/2020SunTrust Banks
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 Boost TargetNeutral ➝ Hold$70.00 ➝ $110.00+4.40%
7/29/2020Bank of America
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 Reiterated RatingSell$90.00-14.58%
5/4/2020Pi Financial
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Gus Papageorgiou
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Reiterated RatingBuy$83.00+26.52%
4/17/2020Raymond James
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Brian Peterson
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DowngradeOutperform ➝ Market Perform
2/13/2020UBS Group
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 Reiterated RatingUnderperform$45.00-15.29%
9/10/2019Piper Jaffray Companies
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Michael Olson
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Set TargetHold$32.00-7.92%
8/2/2019CSFB
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 Boost TargetOutperform$27.50 ➝ $37.00+12.29%
7/15/2019Mackie
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 Boost TargetBuy$28.00 ➝ $36.00+11.56%
(Data available from 7/7/2017 forward. View 10+ years of historical ratings with our analyst ratings screener.)












Shopify Price Target - Frequently Asked Questions

What is Shopify's consensus rating and price target?

According to the issued ratings of 38 analysts in the last year, the consensus rating for Shopify stock is Moderate Buy based on the current 1 sell rating, 17 hold ratings and 20 buy ratings for SHOP. The average twelve-month price prediction for Shopify is $87.94 with a high price target of $200.00 and a low price target of $35.00. Learn more on SHOP's analyst rating history.

Do Wall Street analysts like Shopify more than its competitors?

Analysts like Shopify stock less than the stock of other Computer and Technology companies. The consensus rating for Shopify is Moderate Buy while the average consensus rating for computer and technology companies is Buy. Learn more on how SHOP compares to other companies.

Do MarketBeat users like Shopify more than its competitors?

MarketBeat users like Shopify stock more than the stock of other Computer and Technology companies. 71.58% of MarketBeat users gave Shopify an outperform vote while computer and technology companies recieve an average of 67.27% outperform votes by MarketBeat users.

Is Shopify being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, Shopify's stock had 1 upgrade and 1 downgrade by analysts.

Does Shopify's stock price have much upside?

According to analysts, Shopify's stock has a predicted upside of 7.38% based on their 12-month price targets.

This page (NYSE:SHOP) was last updated on 7/7/2022 by MarketBeat.com Staff

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