$69.44
-0.07[-0.10%]
At close: Apr 19
$69.44
0[0.00%]
After Hours: 7:54PM EDT
Shopify Stock (NYSE:SHOP), Analyst Ratings, Price Targets, Predictions
Shopify Inc has a consensus price target of $62.7, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Morgan Stanley, Needham, and Loop Capital on April 19, 2024, April 16, 2024, and April 15, 2024. With an average price target of $55 between Morgan Stanley, Needham, and Loop Capital, there's an implied -20.79% downside for Shopify Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Morgan Stanley
Needham
Loop Capital
Piper Sandler
Baird
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Shopify
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/19/2024 | SHOP | Buy Now | Shopify | $69.44 | 22.41% | Morgan Stanley | Keith Weiss | $74 → $85 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 04/16/2024 | SHOP | Buy Now | Shopify | $69.44 | — | Needham | Anna Andreeva | — | Reiterates | → Hold | Get Alert |
| 04/15/2024 | SHOP | Buy Now | Shopify | $69.44 | 15.21% | Loop Capital | Anthony Chukumba | $90 → $80 | Maintains | Hold | Get Alert |
| 04/11/2024 | SHOP | Buy Now | Shopify | $69.44 | -9.27% | Piper Sandler | Clarke Jeffries | $63 → $63 | Maintains | Underweight | Get Alert |
| 04/03/2024 | SHOP | Buy Now | Shopify | $69.44 | 25.29% | Baird | Colin Sebastian | $85 → $87 | Maintains | Outperform | Get Alert |
| 02/29/2024 | SHOP | Buy Now | Shopify | $69.44 | 8.01% | Goldman Sachs | Gabriela Borges | $67 → $75 | Maintains | Neutral | Get Alert |
| 02/14/2024 | SHOP | Buy Now | Shopify | $69.44 | 15.21% | UBS | Timothy Chiodo | $75 → $80 | Maintains | Neutral | Get Alert |
| 02/14/2024 | SHOP | Buy Now | Shopify | $69.44 | 22.41% | Wells Fargo | Andrew Bauch | $90 → $85 | Maintains | Overweight | Get Alert |
| 02/14/2024 | SHOP | Buy Now | Shopify | $69.44 | -9.27% | Piper Sandler | Clarke Jeffries | $56 → $63 | Maintains | Underweight | Get Alert |
| 02/14/2024 | SHOP | Buy Now | Shopify | $69.44 | 8.01% | Mizuho | Siti Panigrahi | $65 → $75 | Maintains | Neutral | Get Alert |
| 02/14/2024 | SHOP | Buy Now | Shopify | $69.44 | -2.07% | Barclays | Trevor Young | $70 → $68 | Maintains | Equal-Weight | Get Alert |
| 02/14/2024 | SHOP | Buy Now | Shopify | $69.44 | 44.01% | RBC Capital | Paul Treiber | → $100 | Reiterates | Outperform → Outperform | Get Alert |
| 02/02/2024 | SHOP | Buy Now | Shopify | $69.44 | 29.61% | Wells Fargo | Andrew Bauch | $70 → $90 | Maintains | Overweight | Get Alert |
| 01/22/2024 | SHOP | Buy Now | Shopify | $69.44 | 44.01% | RBC Capital | Paul Treiber | → $100 | Reiterates | Outperform → Outperform | Get Alert |
| 01/18/2024 | SHOP | Buy Now | Shopify | $69.44 | -19.35% | Piper Sandler | Clarke Jeffries | → $56 | Reiterates | Underweight → Underweight | Get Alert |
| 01/18/2024 | SHOP | Buy Now | Shopify | $69.44 | — | Exane BNP Paribas | Stefan Slowinski | — | Downgrade | Neutral → Underperform | Get Alert |
| 01/18/2024 | SHOP | Buy Now | Shopify | $69.44 | 0.81% | Barclays | Trevor Young | $53 → $70 | Maintains | Equal-Weight | Get Alert |
| 12/18/2023 | SHOP | Buy Now | Shopify | $69.44 | — | JMP Securities | Andrew Boone | — | Downgrade | Market Outperform → Market Perform | Get Alert |
| 12/12/2023 | SHOP | Buy Now | Shopify | $69.44 | -6.39% | DZ Bank | Axel Herlinghaus | → $65 | Downgrade | Hold → Sell | Get Alert |
FAQ
What is the target price for Shopify (SHOP)?
The latest price target for Shopify (NYSE: SHOP) was reported by Morgan Stanley on April 19, 2024. The analyst firm set a price target for $85.00 expecting SHOP to rise to within 12 months (a possible 22.41% upside). 75 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 Morgan Stanley, and Shopify upgraded their overweight rating.
When was the last upgrade for Shopify (SHOP)?
The last upgrade for Shopify Inc happened on April 19, 2024 when Morgan Stanley raised their price target to $85. Morgan Stanley previously had an equal-weight for Shopify Inc.
When was the last downgrade for Shopify (SHOP)?
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.
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 April 19, 2024 so you should expect the next rating to be made available sometime around April 19, 2025.
Is the Analyst Rating Shopify (SHOP) correct?
While ratings are subjective and will change, the latest Shopify (SHOP) rating was a upgraded with a price target of $74.00 to $85.00. The current price Shopify (SHOP) is trading at is $69.44, which is out of the analyst’s predicted range.
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