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Shopify - SHOP Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: C$118.75
  • Forecasted Upside: -18.30%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
C$145.34 As of 11/20/2024 01:00 AM ET
▼ -0.65 (-0.45%)

This chart shows the closing price for SHOP by one month, three months, or twelve months.

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Analyst Price Target for SHOP

Analyst Price Target is C$118.75
▼ -18.30% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is C$118.75, with a high forecast of C$145.00 and a low forecast of C$90.00. The average price target represents a -18.30% upside from the last price of C$145.34.

This chart shows the closing price for SHOP for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 3 polled investment analysts is to moderate buy stock in Shopify. This rating has held steady since January 2024, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/30/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/28/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/26/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
2/24/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
5/24/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/22/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/21/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/13/2024ATB CapitalDowngradeOutperform ➝ Sector PerformC$120.00 ➝ C$145.00
11/13/2024National BanksharesBoost TargetC$100.00 ➝ C$140.00
8/8/2024ATB CapitalBoost TargetC$115.00 ➝ C$120.00
2/14/2024Canaccord Genuity GroupBoost TargetBuyC$86.00 ➝ C$90.00
12/6/2023ATB CapitalDowngradeOutperform ➝ Sector PerformC$105.00
12/6/2023Royal Bank of CanadaBoost TargetOutperformC$80.00 ➝ C$100.00
11/3/2023ATB CapitalBoost TargetOutperformC$95.00 ➝ C$105.00
8/3/2023CSFBBoost TargetNeutralC$55.00 ➝ C$62.00
8/3/2023Royal Bank of CanadaBoost TargetOutperformC$75.00 ➝ C$80.00
8/3/2023ATB CapitalBoost TargetOutperformC$90.00 ➝ C$95.00
5/5/2022Veritas Investment ResearchReiterated RatingSell
2/7/2022Royal Bank of CanadaLower TargetOutperformC$1,840.00
1/20/2022Deutsche Bank AktiengesellschaftLower TargetHoldC$1,650.00 ➝ C$1,400.00
11/2/2021Deutsche Bank AktiengesellschaftReiterated RatingHoldC$1,650.00
10/29/2021CIBCLower TargetOutperformC$2,168.00
10/28/2021Royal Bank of CanadaReiterated RatingOutperformC$2,224.00
8/27/2021CIBCReiterated Rating$2,233.00
8/20/2021CIBCReiterated RatingOutperformC$2,233.00
7/30/2021ATB CapitalBoost TargetC$2,250.00 ➝ C$2,500.00
7/29/2021Royal Bank of CanadaReiterated RatingOutperformC$2,260.00
7/23/2021Royal Bank of CanadaBoost TargetOutperformC$2,260.00
7/22/2021National Bank FinancialBoost TargetOutperformC$2,500.00
7/22/2021National BanksharesBoost TargetOutperformC$1,569.36 ➝ C$2,000.00
7/16/2021National Bank FinancialBoost TargetOutperformC$2,500.00
6/30/2021Royal Bank of CanadaBoost TargetOutperformC$2,103.00
4/30/2021Royal Bank of CanadaReiterated RatingOutperformC$1,844.00
4/23/2021Royal Bank of CanadaReiterated RatingOutperform
2/19/2021Royal Bank of CanadaBoost TargetOutperformC$1,900.00
2/19/2021National Bank FinancialBoost TargetOutperformC$1,650.00
2/19/2021ATB CapitalBoost TargetOutperformC$1,810.00 ➝ C$2,250.00
1/7/2021ATB CapitalReiterated RatingOutperformC$1,810.00
10/30/2020Royal Bank of CanadaBoost TargetOutperformC$1,250.00 ➝ C$1,290.00
9/14/2020Pi FinancialSet TargetBuyC$1,540.00
7/30/2020Pi FinancialBoost TargetBuyC$1,494.00 ➝ C$1,540.00
7/23/2020Pi FinancialSet TargetBuyC$1,494.00
6/29/2020Pi FinancialBoost TargetBuyC$1,180.00 ➝ C$1,494.00
5/4/2020Pi FinancialSet TargetBuyC$830.00
4/20/2020Pi FinancialBoost TargetBuyC$580.00 ➝ C$830.00
4/3/2020Pi FinancialReiterated RatingBuyC$626.00
3/19/2020Pi FinancialSet TargetC$626.00
3/12/2020Pi FinancialSet TargetBuyC$830.00
2/13/2020Pi FinancialUpgradeNeutral ➝ BuyC$590.00 ➝ C$830.00
2/10/2020Pi FinancialSet TargetNeutralC$590.00
1/22/2020Pi FinancialDowngradeBuy ➝ NeutralC$590.00
1/10/2020Pi FinancialBoost TargetC$563.00 ➝ C$590.00
11/21/2019Pi FinancialReiterated RatingBuyC$500.00
(Data available from 11/21/2019 forward)

News Sentiment Rating

0.74 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 4 very positive mentions
  • 14 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
4/24/2024
  • 6 very positive mentions
  • 19 positive mentions
  • 7 negative mentions
  • 0 very negative mentions
Mentions as of
5/24/2024
  • 6 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/23/2024
  • 2 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/23/2024
  • 7 very positive mentions
  • 20 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/22/2024
  • 10 very positive mentions
  • 15 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2024
  • 2 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2024
  • 11 very positive mentions
  • 16 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2024

Current Sentiment

  • 11 very positive mentions
  • 16 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Shopify logo
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
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Today's Range

Now: C$145.34
Low: C$143.76
High: C$146.92

50 Day Range

MA: C$115.86
Low: C$96.84
High: C$161.20

52 Week Range

Now: C$145.34
Low: C$72.36
High: C$161.86

Volume

1,411,037 shs

Average Volume

2,633,553 shs

Market Capitalization

C$175.86 billion

P/E Ratio

106.09

Dividend Yield

N/A

Beta

2.36

Frequently Asked Questions

What sell-side analysts currently cover shares of Shopify?

The following Wall Street sell-side analysts have issued reports on Shopify in the last twelve months: ATB Capital, Canaccord Genuity Group Inc., National Bankshares, Inc., and Royal Bank of Canada.
View the latest analyst ratings for SHOP.

What is the current price target for Shopify?

0 Wall Street analysts have set twelve-month price targets for Shopify in the last year. Their average twelve-month price target is C$118.75, suggesting a possible downside of 18.3%. ATB Capital has the highest price target set, predicting SHOP will reach C$145.00 in the next twelve months. Canaccord Genuity Group Inc. has the lowest price target set, forecasting a price of C$90.00 for Shopify in the next year.
View the latest price targets for SHOP.

What is the current consensus analyst rating for Shopify?

Shopify currently has 1 hold rating and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for SHOP.

What other companies compete with Shopify?

Other companies that are similar to Shopify include Constellation Software, Saputo, Lightspeed Commerce, DH and Vanguard FTSE Canadian High Dividend Yield Index ETF. Learn More about companies similar to Shopify.

How do I contact Shopify's investor relations team?

Shopify's physical mailing address is 150 Elgin Street, 8Th Floor, OTTAWA, ON K2P 1L4, Canada. The company's listed phone number is +1-613-2412828. The official website for Shopify is www.shopify.com. Learn More about contacing Shopify investor relations.