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NYSE:SHOPShopify Price Target & Analyst Ratings

+59.05 (+5.77 %)
(As of 08/3/2020 04:00 PM ET)
Today's Range
Now: $1,083.05
50-Day Range
MA: $952.37
52-Week Range
Now: $1,083.05
Volume2.64 million shs
Average Volume3.10 million shs
Market Capitalization$127.00 billion
P/E RatioN/A
Dividend YieldN/A

Analyst Ratings

Shopify (NYSE:SHOP) Price Target and Consensus Rating

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.
29 Wall Street analysts have issued ratings and price targets for Shopify in the last 12 months. Their average twelve-month price target is $951.54, suggesting that the stock has a possible downside of 12.14%. The high price target for SHOP is $1,400.00 and the low price target for SHOP is $320.00. There are currently 2 sell ratings, 18 hold ratings and 9 buy ratings for the stock, resulting in a consensus rating of "Hold."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldHoldHold
Consensus Rating Score:
Ratings Breakdown: 2 Sell Rating(s)
18 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
2 Sell Rating(s)
18 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
3 Sell Rating(s)
16 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
2 Sell Rating(s)
13 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $951.54$694.63$507.59$365.52
Price Target Upside: 12.14% downside33.59% downside30.80% downside20.75% downside

Shopify (NYSE:SHOP) Consensus Price Target History

Average Share Price and 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.

Shopify (NYSE:SHOP) Analyst Ratings History

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
7/30/2020Roth CapitalBoost Price Target$800.00 ➝ $850.00Medium
7/30/2020Robert W. BairdBoost Price Target$1,100.00 ➝ $1,200.00Medium
7/30/2020Canaccord GenuityBoost Price TargetHold$700.00 ➝ $1,000.00Low
7/30/2020CitigroupBoost Price TargetNeutral$998.00 ➝ $1,200.00Low
7/30/2020WedbushBoost Price TargetNeutral$860.00 ➝ $998.00Low
7/30/2020DA DavidsonBoost Price TargetNeutral$650.00 ➝ $1,000.00Low
7/30/2020Royal Bank of CanadaBoost Price TargetOutperform$1,000.00 ➝ $1,250.00Low
7/30/2020Rosenblatt SecuritiesReiterated RatingBuy$860.00 ➝ $1,400.00Low
7/30/2020SunTrust BanksBoost Price TargetNeutral ➝ Hold$700.00 ➝ $1,100.00Low
7/30/2020BarclaysBoost Price TargetEqual Weight$960.00 ➝ $1,040.00Low
7/30/2020MizuhoBoost Price TargetNeutral$825.00 ➝ $1,050.00Low
7/30/2020KeyCorpBoost Price TargetOverweight$1,125.00 ➝ $1,150.00Low
7/30/2020Wells Fargo & CoBoost Price TargetHold$700.00 ➝ $1,000.00Low
7/29/2020Bank of AmericaReiterated RatingSell$900.00Low
7/29/2020Piper SandlerBoost Price TargetOverweight$1,015.00 ➝ $1,300.00High
7/28/2020Jefferies Financial GroupReiterated RatingHold$725.00 ➝ $725.00Medium
7/28/2020Goldman Sachs GroupUpgradeNeutral ➝ Buy$1,127.00Medium
7/24/2020GuggenheimReiterated RatingHoldHigh
7/23/2020Credit Suisse GroupBoost Price TargetNeutral$700.00 ➝ $850.00High
7/14/2020National Bank FinancialBoost Price TargetOutperform$850.00 ➝ $1,250.00Medium
7/1/2020ArgusInitiated CoverageBuy$1,050.00High
5/7/2020Loop CapitalBoost Price TargetNeutral ➝ Hold$350.00 ➝ $700.00Low
5/6/2020OppenheimerInitiated CoverageHoldMedium
5/4/2020Pi FinancialReiterated RatingBuy$830.00High
4/17/2020Raymond JamesDowngradeOutperform ➝ Market PerformMedium
2/13/2020CIBCReiterated RatingHold$600.00High
2/13/2020UBS GroupReiterated RatingUnderperform$450.00Medium
9/10/2019Piper Jaffray CompaniesSet Price TargetHold$320.00Low
9/10/2019William BlairReiterated RatingHoldLow
8/2/2019CSFBBoost Price TargetOutperform$275.00 ➝ $370.00Low
7/15/2019MackieBoost Price TargetBuy$280.00 ➝ $360.00Low
5/14/2019Morgan StanleyDowngradeEqual Weight ➝ Underweight$173.00 ➝ $209.00Medium
3/27/2019MacquarieBoost Price TargetOutperform$230.00Medium
2/15/2018Monness Crespi & HardtReiterated RatingBuy ➝ Buy$125.00 ➝ $150.00Medium
8/24/2017Ifs SecuritiesInitiated CoverageOutperform$115.00Medium
(Data available from 8/4/2018 forward)
This page was last updated on 8/4/2020 by MarketBeat.com Staff

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