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Shopify
SHOPNYSE
Shopify (NYSE:SHOP) Stock, Analyst Ratings, Price Targets, Predictions
Shopify Inc has a consensus price target of $67.18, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Citigroup, Evercore ISI Group, and JP Morgan on June 26, 2024, June 14, 2024, and June 11, 2024. With an average price target of $81.67 between Citigroup, Evercore ISI Group, and JP Morgan, there's an implied 23.51% upside for Shopify Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Citigroup
Evercore ISI Group
JP Morgan
MoffettNathanson
Goldman Sachs
1calculated from analyst ratings
Analyst Ratings for Shopify
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 06/26/2024 | Buy Now | 45.19% | Citigroup | Tyler Radke | $95 → $96 | Maintains | Buy | Get Alert |
| 06/14/2024 | Buy Now | 13.43% | Evercore ISI Group | Mark Mahaney | → $75 | Upgrade | In-Line → Outperform | Get Alert |
| 06/11/2024 | Buy Now | 11.92% | JP Morgan | Reginald Smith | → $74 | Initiates | → Overweight | Get Alert |
| 06/06/2024 | Buy Now | -1.69% | MoffettNathanson | Michael Morton | $74 → $65 | Downgrade | Buy → Neutral | Get Alert |
| 05/28/2024 | Buy Now | 11.92% | Goldman Sachs | Gabriela Borges | $67 → $74 | Maintains | Buy | Get Alert |
| 05/22/2024 | Buy Now | 11.92% | Goldman Sachs | Gabriela Borges | $67 → $74 | Upgrade | Neutral → Buy | Get Alert |
| 05/09/2024 | Buy Now | 13.43% | Scotiabank | Kevin Krishnaratne | $80 → $75 | Maintains | Sector Perform | Get Alert |
| 05/09/2024 | Buy Now | 27.04% | DA Davidson | Gil Luria | $90 → $84 | Maintains | Buy | Get Alert |
| 05/09/2024 | Buy Now | 8.89% | TD Securities | Daniel Chan | $80 → $72 | Maintains | Hold | Get Alert |
| 05/09/2024 | Buy Now | 28.55% | CIBC | Todd Coupland | $100 → $85 | Maintains | Outperformer | Get Alert |
| 05/09/2024 | Buy Now | 20.99% | Canaccord Genuity | David Hynes | $90 → $80 | Maintains | Buy | Get Alert |
| 05/09/2024 | Buy Now | 20.99% | JMP Securities | Andrew Boone | → $80 | Upgrade | Market Perform → Market Outperform | Get Alert |
| 05/09/2024 | Buy Now | 43.68% | Citigroup | Tyler Radke | $105 → $95 | Maintains | Buy | Get Alert |
| 05/09/2024 | Buy Now | 28.55% | RBC Capital | Paul Treiber | $100 → $85 | Maintains | Outperform | Get Alert |
| 05/09/2024 | Buy Now | 13.43% | Wells Fargo | Andrew Bauch | $85 → $75 | Maintains | Overweight | Get Alert |
| 05/09/2024 | Buy Now | 20.99% | Deutsche Bank | Bhavin Shah | $95 → $80 | Maintains | Buy | Get Alert |
| 05/09/2024 | Buy Now | -4.72% | Barclays | Trevor Young | $68 → $63 | Maintains | Equal-Weight | Get Alert |
| 05/09/2024 | Buy Now | 1.33% | Goldman Sachs | Gabriela Borges | $75 → $67 | Maintains | Neutral | Get Alert |
| 05/09/2024 | Buy Now | -1.69% | Mizuho | Siti Panigrahi | $75 → $65 | Maintains | Neutral | Get Alert |
| 05/09/2024 | Buy Now | 16.45% | 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 | -4.72% | 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 | 58.8% | Citigroup | Tyler Radke | $93 → $105 | Upgrade | Neutral → Buy | Get Alert |
| 04/19/2024 | Buy Now | 28.55% | 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 | 20.99% | Loop Capital | Anthony Chukumba | $90 → $80 | Maintains | Hold | Get Alert |
| 04/11/2024 | Buy Now | -4.72% | Piper Sandler | Clarke Jeffries | $63 → $63 | Maintains | Underweight | Get Alert |
| 04/03/2024 | Buy Now | 31.58% | Baird | Colin Sebastian | $85 → $87 | Maintains | Outperform | Get Alert |
| 02/29/2024 | Buy Now | 13.43% | Goldman Sachs | Gabriela Borges | $67 → $75 | Maintains | Neutral | Get Alert |
| 02/14/2024 | Buy Now | 20.99% | UBS | Timothy Chiodo | $75 → $80 | Maintains | Neutral | Get Alert |
| 02/14/2024 | Buy Now | 28.55% | Wells Fargo | Andrew Bauch | $90 → $85 | Maintains | Overweight | Get Alert |
| 02/14/2024 | Buy Now | -4.72% | Piper Sandler | Clarke Jeffries | $56 → $63 | Maintains | Underweight | Get Alert |
| 02/14/2024 | Buy Now | 13.43% | Mizuho | Siti Panigrahi | $65 → $75 | Maintains | Neutral | Get Alert |
| 02/14/2024 | Buy Now | 2.84% | Barclays | Trevor Young | $70 → $68 | Maintains | Equal-Weight | Get Alert |
| 02/14/2024 | Buy Now | 51.24% | RBC Capital | Paul Treiber | → $100 | Reiterates | Outperform → Outperform | Get Alert |
| 02/02/2024 | Buy Now | 36.12% | Wells Fargo | Andrew Bauch | $70 → $90 | Maintains | Overweight | Get Alert |
| 01/22/2024 | Buy Now | 51.24% | RBC Capital | Paul Treiber | → $100 | Reiterates | Outperform → Outperform | Get Alert |
| 01/18/2024 | Buy Now | -15.31% | Piper Sandler | Clarke Jeffries | → $56 | Reiterates | Underweight → Underweight | Get Alert |
| 01/18/2024 | Buy Now | — | Exane BNP Paribas | Stefan Slowinski | — | Downgrade | Neutral → Underperform | Get Alert |
| 01/18/2024 | Buy Now | 5.87% | Barclays | Trevor Young | $53 → $70 | Maintains | Equal-Weight | Get Alert |
| 12/18/2023 | Buy Now | — | JMP Securities | Andrew Boone | — | Downgrade | Market Outperform → Market Perform | Get Alert |
| 12/12/2023 | Buy Now | -1.69% | DZ Bank | Axel Herlinghaus | → $65 | Downgrade | Hold → Sell | Get Alert |
| 12/06/2023 | Buy Now | 28.55% | Deutsche Bank | Bhavin Shah | $75 → $85 | Maintains | Buy | Get Alert |
| 12/06/2023 | Buy Now | 51.24% | RBC Capital | Paul Treiber | $80 → $100 | Maintains | Outperform | Get Alert |
| 12/06/2023 | Buy Now | 2.84% | Wedbush | Ygal Arounian | — | Downgrade | Outperform → Neutral | Get Alert |
| 12/04/2023 | Buy Now | 11.92% | Morgan Stanley | Keith Weiss | $62 → $74 | Maintains | Equal-Weight | Get Alert |
| 11/28/2023 | Buy Now | -15.31% | Piper Sandler | Clarke Jeffries | $58 → $56 | Downgrade | Neutral → Underweight | Get Alert |
| 11/03/2023 | Buy Now | -6.23% | Morgan Stanley | Keith Weiss | $59 → $62 | Maintains | Equal-Weight | Get Alert |
| 11/01/2023 | Buy Now | — | Exane BNP Paribas | Stefan Slowinski | — | Upgrade | Underperform → Neutral | Get Alert |
| 10/31/2023 | Buy Now | -1.69% | Wells Fargo | Andrew Bauch | → $65 | Initiates | → Overweight | Get Alert |
| 10/24/2023 | Buy Now | -6.23% | Citigroup | Tyler Radke | $77 → $62 | Maintains | Neutral | Get Alert |
| 10/20/2023 | Buy Now | -16.82% | UBS | Timothy Chiodo | → $55 | Assumes | Neutral → Neutral | Get Alert |
| 10/16/2023 | Buy Now | -13.79% | Loop Capital | Anthony Chukumba | $62 → $57 | Maintains | Hold | Get Alert |
| 10/12/2023 | Buy Now | -3.21% | Seaport Global | Jeff Cantwell | → $64 | Initiates | → Buy | Get Alert |
| 09/26/2023 | Buy Now | 8.89% | JMP Securities | Andrew Boone | → $72 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 08/31/2023 | Buy Now | 5.87% | Canaccord Genuity | David Hynes | $60 → $70 | Upgrade | Hold → Buy | Get Alert |
| 08/29/2023 | Buy Now | 14.94% | Roth MKM | Darren Aftahi | → $73 | Reiterates | Buy → Buy | Get Alert |
| 08/22/2023 | Buy Now | -6.23% | Wedbush | Ygal Arounian | → $62 | Initiates | → Outperform | Get Alert |
| 08/07/2023 | Buy Now | -6.23% | Loop Capital | Anthony Chukumba | $69 → $62 | Maintains | Hold | Get Alert |
| 08/04/2023 | Buy Now | -1.69% | Goldman Sachs | Gabriela Borges | $59 → $65 | Maintains | Neutral | Get Alert |
| 08/04/2023 | Buy Now | 8.89% | JMP Securities | Andrew Boone | $70 → $72 | Maintains | Outperform | Get Alert |
| 08/04/2023 | Buy Now | — | DZ Bank | Axel Herlinghaus | — | Upgrade | Sell → Hold | Get Alert |
| 08/03/2023 | Buy Now | 14.94% | Roth MKM | Darren Aftahi | → $76 | Maintains | Buy | Get Alert |
| 08/03/2023 | Buy Now | -10.77% | Morgan Stanley | Keith Weiss | $54 → $59 | Maintains | Equal-Weight | Get Alert |
| 08/03/2023 | Buy Now | 20.99% | RBC Capital | Paul Treiber | $75 → $80 | Maintains | Outperform | Get Alert |
| 08/03/2023 | Buy Now | -1.69% | Goldman Sachs | Gabriela Borges | $59 → $65 | Maintains | Neutral | Get Alert |
| 08/03/2023 | Buy Now | -19.84% | Barclays | Trevor Young | $50 → $53 | Maintains | Equal-Weight | Get Alert |
| 08/03/2023 | Buy Now | -12.28% | Piper Sandler | Clarke Jeffries | $50 → $58 | Maintains | Neutral | Get Alert |
| 08/01/2023 | Buy Now | -1.69% | Scotiabank | Kevin Krishnaratne | $60 → $65 | Maintains | Sector Perform | Get Alert |
| 07/27/2023 | Buy Now | 5.87% | JMP Securities | Andrew Boone | → $70 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 07/26/2023 | Buy Now | 5.87% | Citigroup | Tyler Radke | $65 → $70 | Maintains | Neutral | Get Alert |
| 07/24/2023 | Buy Now | 14.94% | MoffettNathanson | Michael Morton | → $76 | Upgrade | Market Perform → Outperform | Get Alert |
| 07/24/2023 | Buy Now | -1.69% | Mizuho | Siti Panigrahi | $55 → $65 | Maintains | Neutral | Get Alert |
| 07/19/2023 | Buy Now | -18.33% | Morgan Stanley | Keith Weiss | $54 → $54 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
| 07/18/2023 | Buy Now | 4.36% | Evercore ISI Group | Mark Mahaney | → $69 | Downgrade | Outperform → In-Line | Get Alert |
| 07/17/2023 | Buy Now | 4.36% | Evercore ISI Group | Mark Mahaney | → $69 | Downgrade | Outperform → In-Line | Get Alert |
| 07/14/2023 | Buy Now | -16.82% | Credit Suisse | Timothy Chiodo | $53 → $55 | Maintains | Neutral | Get Alert |
| 07/13/2023 | Buy Now | 10.41% | Roth MKM | Darren Aftahi | $68 → $73 | Maintains | Buy | Get Alert |
| 06/22/2023 | Buy Now | 5.87% | JMP Securities | Andrew Boone | → $70 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 06/12/2023 | Buy Now | -1.69% | Jefferies | Samad Samana | $44 → $65 | Maintains | Hold | Get Alert |
| 05/24/2023 | Buy Now | — | Exane BNP Paribas | Stefan Slowinski | — | Downgrade | Neutral → Underperform | Get Alert |
| 05/09/2023 | Buy Now | 4.36% | Loop Capital | Anthony Chukumba | $60 → $69 | Maintains | Hold | Get Alert |
| 05/09/2023 | Buy Now | -1.69% | Atlantic Equities | Kunaal Malde | $55 → $65 | Downgrade | Overweight → Neutral | Get Alert |
| 05/08/2023 | Buy Now | -1.69% | Citigroup | Tyler Radke | $51 → $65 | Maintains | Neutral | Get Alert |
| 05/08/2023 | Buy Now | -18.33% | Morgan Stanley | Keith Weiss | $42 → $54 | Maintains | Equal-Weight | Get Alert |
| 05/08/2023 | Buy Now | -24.38% | Piper Sandler | Clarke Jeffries | $45 → $50 | Maintains | Neutral | Get Alert |
| 05/05/2023 | Buy Now | 1.33% | Deutsche Bank | Bhavin Shah | $55 → $67 | Maintains | Buy | Get Alert |
| 05/05/2023 | Buy Now | 13.43% | RBC Capital | Paul Treiber | $65 → $75 | Maintains | Outperform | Get Alert |
| 05/05/2023 | Buy Now | -10.77% | Goldman Sachs | Gabriela Borges | $40 → $59 | Maintains | Neutral | Get Alert |
| 05/05/2023 | Buy Now | -19.84% | Credit Suisse | Timothy Chiodo | $40 → $53 | Maintains | Neutral | Get Alert |
| 05/05/2023 | Buy Now | 5.87% | JMP Securities | Andrew Boone | $65 → $70 | Maintains | Market Outperform | Get Alert |
| 05/05/2023 | Buy Now | -16.82% | Mizuho | Siti Panigrahi | $40 → $55 | Maintains | Neutral | Get Alert |
| 05/05/2023 | Buy Now | 20.99% | National Bank Of Canada | Richard Tse | $60 → $80 | Maintains | Outperform | Get Alert |
| 05/05/2023 | Buy Now | -1.69% | Keybanc | Josh Beck | $55 → $65 | Maintains | Overweight | Get Alert |
| 05/04/2023 | Buy Now | -16.82% | Roth MKM | Darren Aftahi | → $55 | Maintains | Buy | Get Alert |
| 05/04/2023 | Buy Now | 2.84% | CFRA | Angelo Zino | $50 → $68 | Upgrade | Hold → Buy | Get Alert |
| 05/02/2023 | Buy Now | -16.82% | Keybanc | Josh Beck | $53 → $55 | Maintains | Overweight | Get Alert |
| 04/26/2023 | Buy Now | -31.94% | Piper Sandler | Clarke Jeffries | → $45 | Reiterates | → Neutral | Get Alert |
| 04/20/2023 | Buy Now | -16.82% | Roth MKM | Darren Aftahi | $55 → $55 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Shopify (SHOP) stock?
The latest price target for Shopify (NYSE:SHOP) was reported by Citigroup on June 26, 2024. The analyst firm set a price target for $96.00 expecting SHOP to rise to within 12 months (a possible 45.19% upside). 79 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Shopify (SHOP)?
The latest analyst rating for Shopify (NYSE:SHOP) was provided by Citigroup, and Shopify maintained their buy rating.
When was the last upgrade for Shopify (SHOP)?
The last upgrade for Shopify Inc happened on June 14, 2024 when Evercore ISI Group raised their price target to $75. Evercore ISI Group previously had an in-line for Shopify Inc.
When was the last downgrade for Shopify (SHOP)?
The last downgrade for Shopify Inc happened on June 6, 2024 when MoffettNathanson changed their price target from $74 to $65 for Shopify Inc.
When is the next analyst rating going to be posted or updated for Shopify (SHOP)?
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 June 26, 2024 so you should expect the next rating to be made available sometime around June 26, 2025.
Is the Analyst Rating Shopify (SHOP) correct?
While ratings are subjective and will change, the latest Shopify (SHOP) rating was a maintained with a price target of $95.00 to $96.00. The current price Shopify (SHOP) is trading at is $66.12, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.