The latest price target for Shopify (NYSE:SHOP) was reported by JMP Securities on December 12, 2024. The analyst firm set a price target for $120.00 expecting SHOP to rise to within 12 months (a possible 9.72% upside). 88 analyst firms have reported ratings in the last year.

The latest analyst rating for Shopify (NYSE:SHOP) was provided by JMP Securities, and Shopify reiterated their market outperform rating.

The last upgrade for Shopify Inc happened on December 6, 2024 when Loop Capital raised their price target to $140. Loop Capital previously had a hold 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 December 12, 2024 so you should expect the next rating to be made available sometime around December 12, 2025.

While ratings are subjective and will change, the latest Shopify (SHOP) rating was a reiterated with a price target of $120.00 to $120.00. The current price Shopify (SHOP) is trading at is $109.37, which is out of the analyst’s predicted range.