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Shopify Price Target & Analyst Ratings (NYSE:SHOP)

+10.60 (+3.39 %)
(As of 11/19/2019 06:00 AM ET)
Today's Range
Now: $322.98
50-Day Range
MA: $315.46
52-Week Range
Now: $322.98
Volume1.74 million shs
Average Volume1.95 million shs
Market Capitalization$36.54 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.
27 Wall Street analysts have issued ratings and price targets for Shopify in the last 12 months. Their average twelve-month price target is $339.85, suggesting that the stock has a possible upside of 5.22%. The high price target for SHOP is $492.00 and the low price target for SHOP is $200.00. There are currently 2 sell ratings, 10 hold ratings and 15 buy ratings for the stock, resulting in a consensus rating of "Hold."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldHoldBuy
Consensus Rating Score: 2.482.482.462.65
Ratings Breakdown: 2 Sell Rating(s)
10 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s)
2 Sell Rating(s)
10 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s)
2 Sell Rating(s)
10 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
5 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $339.85$340.23$324.92$237.55
Price Target Upside: 5.22% upside3.33% upside1.10% upside5.28% 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
10/30/2019Robert W. BairdLower Price TargetOutperform$410.00 ➝ $400.00Low
10/30/2019Rosenblatt SecuritiesReiterated RatingBuy$481.00Low
10/28/2019Royal Bank of CanadaReiterated RatingOutperform$400.00Low
10/25/2019GuggenheimReiterated RatingHoldLow
10/10/2019Pi FinancialInitiated CoverageBuy$492.00Low
10/8/2019CIBCSet Price TargetHold$350.00Low
9/11/2019Credit Suisse GroupReiterated RatingBuy$370.00High
9/10/2019Piper Jaffray CompaniesSet Price TargetHold$320.00Low
9/10/2019Jefferies Financial GroupSet Price TargetHold$300.00Low
9/10/2019William BlairReiterated RatingHoldLow
9/10/2019National Bank FinancialSet Price TargetBuy$400.00N/A
9/10/2019Roth CapitalSet Price TargetHold$325.00N/A
8/2/2019CSFBBoost Price TargetOutperform$275.00 ➝ $370.00Low
8/2/2019Raymond JamesBoost Price TargetOutperform$270.00 ➝ $365.00Low
8/2/2019Bank of AmericaBoost Price TargetUnderperform$185.00 ➝ $300.00Medium
8/2/2019KeyCorpBoost Price TargetOverweight$350.00 ➝ $385.00Medium
8/1/2019Canaccord GenuityBoost Price TargetBuy$360.00 ➝ $385.00Medium
7/15/2019MackieBoost Price TargetBuy$280.00 ➝ $360.00Low
6/25/2019WedbushDowngradeOutperform ➝ Neutral$270.00 ➝ $305.00High
6/24/2019DA DavidsonBoost Price TargetBuy$290.00 ➝ $400.00High
6/21/2019BarclaysBoost Price TargetEqual Weight$225.00 ➝ $310.00Low
6/20/2019UBS GroupBoost Price TargetBuy$295.00 ➝ $395.00High
6/7/2019Goldman Sachs GroupInitiated CoverageNeutral ➝ Neutral$264.00Medium
5/14/2019Morgan StanleyDowngradeEqual Weight ➝ Underweight$173.00 ➝ $209.00Medium
5/1/2019Wells Fargo & CoBoost Price TargetOutperform ➝ Outperform$195.00 ➝ $275.00Medium
5/1/2019SunTrust BanksBoost Price TargetPositive ➝ Hold$245.00Medium
3/27/2019MacquarieBoost Price TargetOutperform$230.00Medium
2/15/2018Monness Crespi & HardtReiterated RatingBuy ➝ Buy$125.00 ➝ $150.00Medium
(Data available from 11/19/2017 forward)
This page was last updated on 11/19/2019 by MarketBeat.com Staff

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