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Home › Stocks › Shopify Inc. (SHOP) Stock Forecast & Price Prediction Canada | NASDAQ | Technology | Software - Application
$103.29
+0.97 (0.95%)10 Quality Stocks Worth Considering Now
Researching Shopify (SHOP) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 57 Wall Street analysts, SHOP has a bullish consensus with a median price target of $115.00 (ranging from $85.00 to $135.00). The overall analyst rating is Strong Buy (8.3/10). Currently trading at $103.29, the median forecast implies a 11.3% upside. This outlook is supported by 35 Buy, 14 Hold, and 1 Sell ratings.
The most optimistic forecast comes from Gabriela Borges at Goldman Sachs, projecting a 30.7% upside. Conversely, the most conservative target is provided by Siti Panigrahi at Mizuho, suggesting a 17.7% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for SHOP.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
May 9, 2025 | Morgan Stanley | Overweight | Maintains | $112.00 | |
May 9, 2025 | JP Morgan | Reginald Smith | Overweight | Maintains | $115.00 |
May 9, 2025 | Barclays | Trevor Young | Equal-Weight | Maintains | $94.00 |
May 9, 2025 | UBS | Timothy Chiodo | Neutral | Maintains | $110.00 |
May 6, 2025 | Truist Securities | Terry Tillman | Hold | Maintains | $100.00 |
May 6, 2025 | BMO Capital | Thanos Moschopoulos | Outperform | Initiates | $120.00 |
May 6, 2025 | Benchmark | Mark Zgutowicz | Buy | Maintains | $125.00 |
May 5, 2025 | Jefferies | Samad Samana | Hold | Maintains | $110.00 |
Apr 30, 2025 | Oppenheimer | Ken Wong | Outperform | Maintains | $125.00 |
Apr 23, 2025 | Keybanc | Philip Gibbs | Overweight | Maintains | $105.00 |
Apr 22, 2025 | Goldman Sachs | Gabriela Borges | Buy | Maintains | $130.00 |
Apr 17, 2025 | RBC Capital | Paul Treiber | Outperform | Maintains | $125.00 |
Apr 16, 2025 | Morgan Stanley | Overweight | Maintains | $106.00 | |
Apr 16, 2025 | Cantor Fitzgerald | Deepak Mathivanan | Neutral | Maintains | $80.00 |
Apr 16, 2025 | Loop Capital | Anthony Chukumba | Buy | Maintains | $120.00 |
Apr 15, 2025 | Mizuho | Siti Panigrahi | Neutral | Maintains | $85.00 |
Apr 14, 2025 | DA Davidson | Gil Luria | Buy | Maintains | $115.00 |
Feb 18, 2025 | Jefferies | Samad Samana | Hold | Maintains | $130.00 |
Feb 12, 2025 | Truist Securities | Terry Tillman | Hold | Maintains | $120.00 |
Feb 12, 2025 | Evercore ISI Group | Mark Mahaney | Outperform | Maintains | $140.00 |
The following stocks are similar to Shopify based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Shopify Inc. has a market capitalization of $133.68B with a P/E ratio of 84.1x. The company generates $9.38B in trailing twelve-month revenue with a 17.2% profit margin.
Revenue growth is +26.8% quarter-over-quarter, while maintaining an operating margin of +11.8% and return on equity of +16.1%.
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E-commerce platform for online store management.
Shopify operates on a subscription-based model, charging merchants monthly fees for access to its platform and additional transaction fees for payment processing. By offering a range of tools for inventory management, payment processing, and shipping, it enables businesses of all sizes to efficiently manage their online sales operations and enhance their retail presence.
Founded in 2006 and based in Ottawa, Canada, Shopify has established itself as a key player in the e-commerce sector, providing solutions that cater to both small and medium-sized enterprises as well as larger businesses. Its platform features customizable storefronts, social media integration, and an app store for additional capabilities, making it a versatile choice for merchants aiming to scale their operations.
Technology
Software - Application
8,100
Mr. Tobias Lütke
Canada
2015
Shopify shares benefit from strong merchant growth and AI tools, but stretched valuation and fierce competition remain a concern.
Shopify launched a generative AI feature enabling merchants to create online stores using descriptive keywords, enhancing the e-commerce setup process.
Shopify's new AI feature enhances merchant efficiency and store customization, potentially increasing user acquisition and sales, positively impacting revenue and stock performance.
Shopify is launching AI tools for merchants, including an AI store builder and generator for creating design elements, to improve online shopping experiences.
Shopify's new AI tools can enhance merchant capabilities, potentially driving sales growth and attracting more users, which could positively impact the company's stock value.
Shopify launched an "AI Store Builder" allowing merchants to create online stores using descriptive keywords, announced on May 21 alongside additional features.
Shopify's AI Store Builder enhances merchant capabilities, potentially increasing user adoption and sales, which could drive revenue growth and improve stock performance.
Shopify shares rise due to strong merchant growth and AI enhancements, though investors should note concerns over high valuation and intense competition.
Strong merchant growth and AI advancements can drive Shopify's revenue, but high valuation and competition may pose risks to future profitability and stock performance.
Money manager Cathie Wood focuses on disruptive technology stocks through her firm, Ark Invest, which manages several ETFs, attracting interest from individual investors.
Cathie Wood's focus on disruptive tech stocks may signal emerging investment trends, potentially influencing market movements and offering opportunities for individual investors.
Talon.One has partnered with Shopify as a Premier Tier partner, enhancing Shopify's promotions and loyalty capabilities for large Enterprise customers.
Talon.One's partnership with Shopify enhances Shopify's offerings for large brands, potentially increasing customer retention and revenue, making Shopify more competitive in the e-commerce space.
Based on our analysis of 57 Wall Street analysts, Shopify Inc. (SHOP) has a median price target of $115.00. The highest price target is $135.00 and the lowest is $85.00.
According to current analyst ratings, SHOP has 35 Buy ratings, 14 Hold ratings, and 1 Sell ratings. The stock is currently trading at $103.29. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict SHOP stock could reach $115.00 in the next 12 months. This represents a 11.3% increase from the current price of $103.29. Please note that this is a projection by Wall Street analysts and not a guarantee.
Shopify operates on a subscription-based model, charging merchants monthly fees for access to its platform and additional transaction fees for payment processing. By offering a range of tools for inventory management, payment processing, and shipping, it enables businesses of all sizes to efficiently manage their online sales operations and enhance their retail presence.
The highest price target for SHOP is $135.00 from Gabriela Borges at Goldman Sachs, which represents a 30.7% increase from the current price of $103.29.
The lowest price target for SHOP is $85.00 from Siti Panigrahi at Mizuho, which represents a -17.7% decrease from the current price of $103.29.
The overall analyst consensus for SHOP is bullish. Out of 57 Wall Street analysts, 35 rate it as Buy, 14 as Hold, and 1 as Sell, with a median price target of $115.00.
Stock price projections, including those for Shopify Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.