Shopify
(NYSE:SHOP)
$77.25
0.10[0.13%]
At close: Mar 18
$77.25
0[0.00%]
After Hours: 7:52PM EDT

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

Analysts publish ratings and price targets on most stocks. Benzinga tracks 120 analyst firms so investors can understand if analysts expect a stock to trade higher or lower. Ratings are directional and typically buy, sell or hold. Price Targets are an analyst's best guess at where the stock will trade in 12 months.
Consensus Rating1
Neutral
Highest Price Target1
$100.00
Lowest Price Target1
$30.00
Consensus Price Target1
$56.96

Analyst Rating Summary1

Analyst Ratings
Sep 23
0
0
0
0
0
Oct 23
2
2
Nov 23
2
1
Dec 23
2
3
1
Jan
1
1
2
Feb
3
4
1
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Goldman Sachs
UBS
Wells Fargo
Piper Sandler
Mizuho

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Shopify

date
ticker
Buy Now
Company
Current price
Upside/Downside
Analyst Firm
Analyst & % Accurate
Price Target Change
Rating Change
Previous / Current Rating
Get Alert
02/29/2024SHOPBuy Now
Shopify
$77.25-2.91%Goldman Sachs
Gabriela Borges
$67 → $75MaintainsNeutralGet Alert
02/14/2024SHOPBuy Now
Shopify
$77.253.56%UBS
Timothy Chiodo
$75 → $80MaintainsNeutralGet Alert
02/14/2024SHOPBuy Now
Shopify
$77.2510.03%Wells Fargo
Andrew Bauch
$90 → $85MaintainsOverweightGet Alert
02/14/2024SHOPBuy Now
Shopify
$77.25-18.45%Piper Sandler
Clarke Jeffries
$56 → $63MaintainsUnderweightGet Alert
02/14/2024SHOPBuy Now
Shopify
$77.25-2.91%Mizuho
Siti Panigrahi
$65 → $75MaintainsNeutralGet Alert
02/14/2024SHOPBuy Now
Shopify
$77.25-11.97%Barclays
Trevor Young
$70 → $68MaintainsEqual-WeightGet Alert
02/14/2024SHOPBuy Now
Shopify
$77.2529.45%RBC Capital
Paul Treiber
→ $100ReiteratesOutperform → OutperformGet Alert
02/02/2024SHOPBuy Now
Shopify
$77.2516.5%Wells Fargo
Andrew Bauch
$70 → $90MaintainsOverweightGet Alert
01/22/2024SHOPBuy Now
Shopify
$77.2529.45%RBC Capital
Paul Treiber
→ $100ReiteratesOutperform → OutperformGet Alert
01/18/2024SHOPBuy Now
Shopify
$77.25-27.51%Piper Sandler
Clarke Jeffries
→ $56ReiteratesUnderweight → UnderweightGet Alert
01/18/2024SHOPBuy Now
Shopify
$77.25Exane BNP Paribas
Stefan Slowinski
DowngradeNeutral → UnderperformGet Alert
01/18/2024SHOPBuy Now
Shopify
$77.25-9.39%Barclays
Trevor Young
$53 → $70MaintainsEqual-WeightGet Alert
12/18/2023SHOPBuy Now
Shopify
$77.25JMP Securities
Andrew Boone
DowngradeMarket Outperform → Market PerformGet Alert
12/12/2023SHOPBuy Now
Shopify
$77.25-15.86%DZ Bank
Axel Herlinghaus
→ $65DowngradeHold → SellGet Alert
12/06/2023SHOPBuy Now
Shopify
$77.2510.03%Deutsche Bank
Bhavin Shah
$75 → $85MaintainsBuyGet Alert
12/06/2023SHOPBuy Now
Shopify
$77.2529.45%RBC Capital
Paul Treiber
$80 → $100MaintainsOutperformGet Alert
12/06/2023SHOPBuy Now
Shopify
$77.25-11.97%Wedbush
Ygal Arounian
DowngradeOutperform → NeutralGet Alert
12/04/2023SHOPBuy Now
Shopify
$77.25-4.21%Morgan Stanley
Keith Weiss
$62 → $74MaintainsEqual-WeightGet Alert
11/28/2023SHOPBuy Now
Shopify
$77.25-27.51%Piper Sandler
Clarke Jeffries
$58 → $56DowngradeNeutral → UnderweightGet Alert

FAQ

Q

What is the target price for Shopify (SHOP)?

A

The latest price target for Shopify (NYSE: SHOP) was reported by Goldman Sachs on February 29, 2024. The analyst firm set a price target for $75.00 expecting SHOP to fall to within 12 months (a possible -2.91% downside). 75 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Shopify (SHOP)?

A

The latest analyst rating for Shopify (NYSE: SHOP) was provided by Goldman Sachs, and Shopify maintained their neutral rating.

Q

When is the next analyst rating going to be posted or updated for Shopify (SHOP)?

A

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 February 29, 2024 so you should expect the next rating to be made available sometime around February 28, 2025.

Q

Is the Analyst Rating Shopify (SHOP) correct?

A

While ratings are subjective and will change, the latest Shopify (SHOP) rating was a maintained with a price target of $67.00 to $75.00. The current price Shopify (SHOP) is trading at is $77.25, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.