Back to top
more

Shopify (SHOP)

(Real Time Quote from BATS)

$90.78 USD

90.78
4,446,427

+3.66 (4.20%)

Updated Nov 11, 2024 10:46 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

Zacks Rank Education - Learn about the Zacks Rank

Zacks Rank Home - Zacks Rank resources in one place

Zacks Premium - The only way to fully access the Zacks Rank

1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

F Value B Growth F Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 31% (77 out of 250)

Industry: Internet - Services

Zacks Premium FeatureView All Zacks #1 Ranked Stocks

Shopify (SHOP) Price Targets

Average Price Target Highest Price Target Lowest Price Target Downside to Average Price Target
$81.69 $105.00 $65.00 -6.23%

Price Target

Based on short-term price targets offered by 39 analysts, the average price target for Shopify comes to $81.69. The forecasts range from a low of $65.00 to a high of $105.00. The average price target represents a decline of 6.23% from the last closing price of $87.12.

Analyst Price Targets (39)

Last Close 87.12
Average 81.69 -6.23% Downside Low 65.00 -25.39% Downside High 105.00 20.52% Upside

Broker Rating

Shopify currently has an average brokerage recommendation (ABR) of 1.80 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 44 brokerage firms. The current ABR compares to an ABR of 1.81 a month ago based on 43 recommendations.

Of the 44 recommendations deriving the current ABR, 26 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 59.09% and 2.27% of all recommendations. A month ago, Strong Buy made up 58.14%, while Buy represented 2.33%.

Broker Rating Breakdown

Broker Rating Visualization

Brokerage Recommendations

Today 1 Week Ago 1 Month Ago 2 Months Ago 3 Months Ago
Strong Buy 26 26 25 24 24
Buy 1 1 1 1 1
Hold 17 17 17 17 18
Sell 0 0 0 0 0
Strong Sell 0 0 0 0 0
ABR 1.80 1.80 1.81 1.83 1.86

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

Analyst Upgrades/Downgrades

Date Brokerage Firm Analyst Previous Current
10/24/2024 Scotiabank Kevin Krishnaratne Hold Hold
10/9/2024 Robert W. Baird & Co. Colin A Sebastian Strong Buy Strong Buy
9/17/2024 Atlantic Equities Fahed Kunwar Hold Strong Buy
9/9/2024 Not Identified Not Identified Not Available Strong Buy
9/9/2024 Canaccord Genuity David E Hynes Strong Buy Strong Buy
9/5/2024 Cantor Fitzgerald & Co Deepak Mathivanan Not Available Hold
8/29/2024 Piper Sandler Clarke Jeffries Hold Hold
8/16/2024 Loop Capital Markets Anthony C Chukumba Hold Hold
8/9/2024 Mizuho SecuritiesUSA Siti Panigrahi Hold Hold
8/8/2024 Roth Capital Partners Darren Aftahi Strong Buy Strong Buy
8/8/2024 Not Identified Not Identified Strong Buy Strong Buy
8/8/2024 JMP Securities Andrew Boone Strong Buy Strong Buy
8/8/2024 Not Identified Not Identified Moderate Buy Moderate Buy
8/8/2024 UBS Timothy E Chiodo Hold Hold
8/8/2024 Evercore Partners Mark Mahaney Strong Buy Strong Buy
8/8/2024 Argus Research Corp. James N Kelleher Not Available Strong Buy
8/8/2024 Not Identified Not Identified Hold Hold
8/8/2024 Wells Fargo Securities Andrew Bauch Strong Buy Strong Buy
8/7/2024 Not Identified Not Identified Hold Hold
8/7/2024 Wedbush Securities Scott Devitt Hold Hold
8/7/2024 Seaport Research Partners Jeff Cantwell Strong Buy Strong Buy
8/7/2024 William Blair Arjun Bhatia Strong Buy Strong Buy
8/7/2024 ATB Capital Markets Martin Toner Strong Buy Strong Buy
8/7/2024 National Bank Financial Richard Tse Strong Buy Strong Buy
8/6/2024 The Benchmark Company Mark Zgutowicz Hold Hold
8/5/2024 Truist Securities Terry F Tillman Hold Hold
7/25/2024 KeyBanc Capital Markets Justin Patterson Strong Buy Strong Buy
7/16/2024 Not Identified Not Identified Not Available Strong Buy
7/11/2024 Capital One Securities Connor Murphy Hold Hold
6/26/2024 Not Identified Not Identified Hold Hold
6/6/2024 MoffettNathanson Michael Morton Strong Buy Hold
5/22/2024 Goldman Sachs Gabriela Borges Hold Strong Buy
5/9/2024 D.A. Davidson Gil Luria Strong Buy Strong Buy
5/9/2024 TD Securities Daniel Chan Hold Hold
5/9/2024 CIBC World Markets Corp. Todd A Coupland Strong Buy Strong Buy
5/2/2024 Exane BNP Paribas Stefan Slowinski Strong Sell Strong Buy
2/2/2024 Not Identified Not Identified Strong Buy Strong Buy

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

Average Brokerage Rating

Current ABR

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

ABR vs Zacks Rank

 1.80
ABR (Last week) 1.80
# of Recs in ABR 44
Average Target Price $81.69
LT Growth Rate 39.20%
Industry Internet - Services
Industry Rank by ABR 77 of 252
Current Quarter EPS Est: 0.27

SHOP FAQs

Shopify Inc. (SHOP) currently has an average brokerage recommendation (ABR) of 1.80 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 44 brokerage firms.

The average price target for Shopify Inc. (SHOP) is $81.69. The current on short-term price targets is based on 18 reports.

The forecasts for Shopify Inc. (SHOP) range from a low of $65 to a high of $105. The average price target represents a decline of $6.23 from the last closing price of $87.12.

The current DOWNSIDE for Shopify Inc. (SHOP) is 6.23%

Based on short-term price targets offered by 39 analysts, the average price target for Shopify comes to $81.69. The forecasts range from a low of $65.00 to a high of $105.00. The average price target represents a decline of 6.23% from the last closing price of $87.12.