Shopify (SHOP)
(Delayed Data from NYSE)
$70.55 USD
-1.71 (-2.37%)
Updated Apr 25, 2024 04:00 PM ET
After-Market: $71.62 +1.07 (1.52%) 5:30 PM ET
3-Hold of 5 3
F 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 |
---|---|---|---|
$83.28 | $100.00 | $63.00 | 15.25% |
Price Target
Based on short-term price targets offered by 33 analysts, the average price target for Shopify comes to $83.28. The forecasts range from a low of $63.00 to a high of $100.00. The average price target represents an increase of 15.25% from the last closing price of $72.26.
Analyst Price Targets (33)
Broker Rating
Shopify currently has an average brokerage recommendation (ABR) of 2.36 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 39 brokerage firms. The current ABR compares to an ABR of 2.41 a month ago based on 39 recommendations.
Of the 39 recommendations deriving the current ABR, 14 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 35.9% and 2.56% of all recommendations. A month ago, Strong Buy made up 33.33%, while Buy represented 2.56%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 14 | 13 | 13 | 13 | 13 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 22 | 23 | 23 | 23 | 23 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 2 | 2 | 2 | 2 | 2 |
ABR | 2.36 | 2.41 | 2.41 | 2.41 | 2.41 |
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 |
---|---|---|---|---|
4/15/2024 | Seaport Research Partners | Jeff Cantwell | Strong Buy | Strong Buy |
4/15/2024 | Loop Capital Markets | Anthony C Chukumba | Hold | Hold |
4/11/2024 | Piper Sandler | Clarke Jeffries | Strong Sell | Strong Sell |
3/15/2024 | Needham & Company | Anna Andreeva | Hold | Hold |
3/15/2024 | Robert W. Baird & Co. | Colin A Sebastian | Strong Buy | Strong Buy |
2/14/2024 | Mizuho SecuritiesUSA | Siti Panigrahi | Hold | Hold |
2/13/2024 | Wedbush Securities | Scott Devitt | Hold | Hold |
2/12/2024 | Truist Securities | Terry F Tillman | Hold | Hold |
2/7/2024 | CIBC World Markets Corp. | Todd A Coupland | Strong Buy | Strong Buy |
1/26/2024 | National Bank Financial | Richard Tse | Strong Buy | Strong Buy |
1/18/2024 | Exane BNP Paribas | Stefan Slowinski | Hold | Strong Sell |
1/2/2024 | Scotiabank | Kevin Krishnaratne | Hold | Hold |
12/18/2023 | JMP Securities | Andrew Boone | Strong Buy | Hold |
12/6/2023 | Canaccord Genuity | David E Hynes | Strong Buy | Strong Buy |
12/6/2023 | The Benchmark Company | Mark Zgutowicz | Not Available | Hold |
12/6/2023 | Roth Capital Partners | Darren Aftahi | Strong Buy | Strong Buy |
12/6/2023 | D.A. Davidson | Gil Luria | Strong Buy | Strong Buy |
12/6/2023 | TD Securities | Daniel Chan | Hold | Hold |
12/6/2023 | ATB Capital Markets | Martin Toner | Strong Buy | Hold |
11/2/2023 | William Blair | Matthew Pfau | Strong Buy | Strong Buy |
11/2/2023 | Capital One Securities | Connor Murphy | Hold | Hold |
11/2/2023 | Not Identified | Not Identified | Hold | Hold |
7/24/2023 | MoffettNathanson | Michael Morton | Hold | Strong Buy |
7/17/2023 | Evercore Partners | Mark Mahaney | Not Available | Hold |
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 | 2.36 |
ABR (Last week) | 2.41 |
# of Recs in ABR | 39 |
Average Target Price | $83.28 |
LT Growth Rate | NA |
Industry | Internet - Services |
Industry Rank by ABR | 39 of 252 |
Current Quarter EPS Est: | 0.16 |