Shopify Stock (NYSE:SHOP), Analyst Ratings, Price Targets, Predictions

The latest price target for Shopify (NYSE: SHOP) was reported by Scotiabank on May 9, 2024. The analyst firm set a price target for $75.00 expecting SHOP to rise to within 12 months (a possible 27.77% upside). 76 analyst firms have reported ratings in the last year.

The latest analyst rating for Shopify (NYSE: SHOP) was provided by Scotiabank, and Shopify maintained their sector perform rating.

The last upgrade for Shopify Inc happened on May 9, 2024 when JMP Securities raised their price target to $80. JMP Securities previously had a market perform for Shopify Inc.

The last downgrade for Shopify Inc happened on January 18, 2024 when Exane BNP Paribas changed their price target from N/A to N/A for Shopify Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Shopify, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Shopify was filed on May 9, 2024 so you should expect the next rating to be made available sometime around May 9, 2025.

While ratings are subjective and will change, the latest Shopify (SHOP) rating was a maintained with a price target of $80.00 to $75.00. The current price Shopify (SHOP) is trading at is $58.70, which is out of the analyst’s predicted range.