Shopify (SHOP)
(Delayed Data from NYSE)
$67.01 USD
-3.10 (-4.42%)
Updated Sep 6, 2024 04:00 PM ET
After-Market: $66.93 -0.08 (-0.12%) 7:58 PM ET
3-Hold of 5 3
D Value A Growth A Momentum B VGM
Shopify (SHOP) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$77.71 | $100.00 | $65.00 | 10.84% |
Price Target
Based on short-term price targets offered by 38 analysts, the average price target for Shopify comes to $77.71. The forecasts range from a low of $65.00 to a high of $100.00. The average price target represents an increase of 10.84% from the last closing price of $70.11.
Analyst Price Targets (38)
Broker Rating
Shopify currently has an average brokerage recommendation (ABR) of 1.83 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 42 brokerage firms. The current ABR compares to an ABR of 1.88 a month ago based on 42 recommendations.
Of the 42 recommendations deriving the current ABR, 24 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 57.14% and 2.38% of all recommendations. A month ago, Strong Buy made up 54.76%, while Buy represented 2.38%.
Broker Rating Breakdown
![Broker Rating Visualization](https://widget3.zacks.com/images/charts/bar/brokerage/bar/SHOP.png)
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 24 | 24 | 23 | 20 | 20 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 17 | 16 | 18 | 19 | 19 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.83 | 1.80 | 1.88 | 1.98 | 1.98 |
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 |
---|---|---|---|---|
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 | JMP Securities | Andrew Boone | Strong Buy | Strong Buy |
8/8/2024 | UBS | Timothy E Chiodo | Hold | Hold |
8/8/2024 | Not Identified | Not Identified | Moderate Buy | Moderate Buy |
8/8/2024 | Wells Fargo Securities | Andrew Bauch | Strong Buy | Strong Buy |
8/8/2024 | Not Identified | Not Identified | Hold | Hold |
8/8/2024 | Argus Research Corp. | James N Kelleher | Not Available | Strong Buy |
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 | Evercore Partners | Mark Mahaney | Strong Buy | Strong Buy |
8/7/2024 | National Bank Financial | Richard Tse | Strong Buy | Strong Buy |
8/7/2024 | ATB Capital Markets | Martin Toner | Strong Buy | Strong Buy |
8/7/2024 | William Blair | Arjun Bhatia | Strong Buy | Strong Buy |
8/7/2024 | Seaport Research Partners | Jeff Cantwell | Strong Buy | Strong Buy |
8/7/2024 | Wedbush Securities | Scott Devitt | Hold | Hold |
8/7/2024 | Not Identified | Not Identified | Hold | Hold |
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 |
5/13/2024 | Atlantic Equities | Fahed Kunwar | Hold | Hold |
5/9/2024 | D.A. Davidson | Gil Luria | Strong Buy | Strong Buy |
5/9/2024 | Canaccord Genuity | David E Hynes | 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 | Scotiabank | Kevin Krishnaratne | Hold | Hold |
5/2/2024 | Exane BNP Paribas | Stefan Slowinski | Strong Sell | Strong Buy |
3/15/2024 | Robert W. Baird & Co. | Colin A Sebastian | Strong Buy | 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 | 1.83 |
ABR (Last week) | 1.80 |
# of Recs in ABR | 42 |
Average Target Price | $77.71 |
LT Growth Rate | 39.20% |
Industry | Internet - Services |
Industry Rank by ABR | 94 of 253 |
Current Quarter EPS Est: | 0.27 |
SHOP FAQs
Shopify Inc. (SHOP) currently has an average brokerage recommendation (ABR) of 1.83 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 42 brokerage firms.
The average price target for Shopify Inc. (SHOP) is $77.71. 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 $100. The average price target represents a increase of $15.97 from the last closing price of $67.01.
The current UPSIDE for Shopify Inc. (SHOP) is 15.97%
Based on short-term price targets offered by 38 analysts, the average price target for Shopify comes to $77.71. The forecasts range from a low of $65.00 to a high of $100.00. The average price target represents an increase of 10.84% from the last closing price of $70.11.