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Shopify Inc has a consensus price target of $78.93 based on the ratings of 33 analysts. The high is $103 issued by Citigroup on September 30, 2024. The low is $64 issued by Seaport Global on October 12, 2023. The 3 most-recent analyst ratings were released by Scotiabank, RBC Capital, and Loop Capital on October 24, 2024, October 18, 2024, and October 9, 2024, respectively. With an average price target of $90 between Scotiabank, RBC Capital, and Loop Capital, there's an implied 14.21% upside for Shopify Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Shopify (NYSE:SHOP) was reported by Scotiabank on October 24, 2024. The analyst firm set a price target for $80.00 expecting SHOP to rise to within 12 months (a possible 1.52% upside). 81 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 September 17, 2024 when Redburn Atlantic raised their price target to $99. Redburn Atlantic previously had a neutral for Shopify Inc.
The last downgrade for Shopify Inc happened on June 6, 2024 when MoffettNathanson changed their price target from $74 to $65 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 October 24, 2024 so you should expect the next rating to be made available sometime around October 24, 2025.
While ratings are subjective and will change, the latest Shopify (SHOP) rating was a maintained with a price target of $75.00 to $80.00. The current price Shopify (SHOP) is trading at is $78.80, which is within the analyst’s predicted range.
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