Shopify Inc has a consensus price target of $66.24, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Scotiabank, DA Davidson, and TD Securities on May 9, 2024. With an average price target of $77 between Scotiabank, DA Davidson, and TD Securities, there's an implied 31.43% upside for Shopify Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
Buy Now | Get Alert | |||||||
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05/09/2024 | Buy Now | 28.01% | Scotiabank | Kevin Krishnaratne | $80 → $75 | Maintains | Sector Perform | Get Alert |
05/09/2024 | Buy Now | 43.37% | DA Davidson | Gil Luria | $90 → $84 | Maintains | Buy | Get Alert |
05/09/2024 | Buy Now | 22.89% | TD Securities | Daniel Chan | $80 → $72 | Maintains | Hold | Get Alert |
05/09/2024 | Buy Now | 45.08% | CIBC | Todd Coupland | $100 → $85 | Maintains | Outperformer | Get Alert |
05/09/2024 | Buy Now | 36.55% | Canaccord Genuity | David Hynes | $90 → $80 | Maintains | Buy | Get Alert |
05/09/2024 | Buy Now | 36.55% | JMP Securities | Andrew Boone | → $80 | Upgrade | Market Perform → Market Outperform | Get Alert |
05/09/2024 | Buy Now | 62.15% | Citigroup | Tyler Radke | $105 → $95 | Maintains | Buy | Get Alert |
05/09/2024 | Buy Now | 45.08% | RBC Capital | Paul Treiber | $100 → $85 | Maintains | Outperform | Get Alert |
05/09/2024 | Buy Now | 28.01% | Wells Fargo | Andrew Bauch | $85 → $75 | Maintains | Overweight | Get Alert |
05/09/2024 | Buy Now | 36.55% | Deutsche Bank | Bhavin Shah | $95 → $80 | Maintains | Buy | Get Alert |
05/09/2024 | Buy Now | 7.53% | Barclays | Trevor Young | $68 → $63 | Maintains | Equal-Weight | Get Alert |
05/09/2024 | Buy Now | 14.36% | Goldman Sachs | Gabriela Borges | $75 → $67 | Maintains | Neutral | Get Alert |
05/09/2024 | Buy Now | 10.94% | Mizuho | Siti Panigrahi | $75 → $65 | Maintains | Neutral | Get Alert |
05/09/2024 | Buy Now | 31.43% | Baird | Colin Sebastian | $87 → $77 | Maintains | Outperform | Get Alert |
05/09/2024 | Buy Now | — | Needham | Anna Andreeva | — | Reiterates | → Hold | Get Alert |
05/09/2024 | Buy Now | 7.53% | Piper Sandler | Clarke Jeffries | $63 → $63 | Upgrade | Underweight → Neutral | Get Alert |
05/07/2024 | Buy Now | — | Benchmark | Mark Zgutowicz | — | Reiterates | → Hold | Get Alert |
04/29/2024 | Buy Now | 79.22% | Citigroup | Tyler Radke | $93 → $105 | Upgrade | Neutral → Buy | Get Alert |
04/19/2024 | Buy Now | 45.08% | Morgan Stanley | Keith Weiss | $74 → $85 | Upgrade | Equal-Weight → Overweight | Get Alert |
04/16/2024 | Buy Now | — | Needham | Anna Andreeva | — | Reiterates | → Hold | Get Alert |
04/15/2024 | Buy Now | 36.55% | Loop Capital | Anthony Chukumba | $90 → $80 | Maintains | Hold | Get Alert |
04/11/2024 | Buy Now | 7.53% | Piper Sandler | Clarke Jeffries | $63 → $63 | Maintains | Underweight | Get Alert |
04/03/2024 | Buy Now | 48.49% | Baird | Colin Sebastian | $85 → $87 | Maintains | Outperform | Get Alert |
02/29/2024 | Buy Now | 28.01% | Goldman Sachs | Gabriela Borges | $67 → $75 | Maintains | Neutral | Get Alert |
02/14/2024 | Buy Now | 36.55% | UBS | Timothy Chiodo | $75 → $80 | Maintains | Neutral | Get Alert |
02/14/2024 | Buy Now | 45.08% | Wells Fargo | Andrew Bauch | $90 → $85 | Maintains | Overweight | Get Alert |
02/14/2024 | Buy Now | 7.53% | Piper Sandler | Clarke Jeffries | $56 → $63 | Maintains | Underweight | Get Alert |
02/14/2024 | Buy Now | 28.01% | Mizuho | Siti Panigrahi | $65 → $75 | Maintains | Neutral | Get Alert |
02/14/2024 | Buy Now | 16.06% | Barclays | Trevor Young | $70 → $68 | Maintains | Equal-Weight | Get Alert |
02/14/2024 | Buy Now | 70.68% | RBC Capital | Paul Treiber | → $100 | Reiterates | Outperform → Outperform | Get Alert |
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 28.01% 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 $58.59, which is out of the analyst’s predicted range.
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