TSE:SHOP - Shopify Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$1,821.00
  • Forecasted Upside: -1.47 %
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
C$1,848.09
▼ -2.27 (-0.12%)

This chart shows the closing price for SHOP by one month, three months, or twelve months.

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Analyst Price Target for SHOP

Analyst Price Target is C$1,821.00
▼ -1.47% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is C$1,821.00, with a high forecast of C$2,250.00 and a low forecast of C$1,540.00. The average price target represents a -1.47% upside from the last price of C$1,848.09.

This chart shows the closing price for SHOP for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 4 investment analysts is to buy stock in Shopify. This rating has held steady since April 2020, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 1 sell ratings
12/31/2019
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 1 sell ratings
3/30/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/28/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/26/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/25/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/25/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/24/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/23/2021

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
4/30/2021Royal Bank of CanadaReiterated RatingOutperformC$1,844.00
4/23/2021Royal Bank of CanadaReiterated RatingOutperform
2/19/2021Royal Bank of CanadaBoost Price TargetOutperformC$1,900.00
2/19/2021National Bank FinancialBoost Price TargetOutperformC$1,650.00
2/19/2021ATB CapitalBoost Price TargetOutperformC$1,810.00 ➝ C$2,250.00
1/7/2021ATB CapitalReiterated RatingOutperformC$1,810.00
10/30/2020Royal Bank of CanadaBoost Price TargetOutperformC$1,250.00 ➝ C$1,290.00
9/14/2020Pi FinancialSet Price TargetBuyC$1,540.00
7/30/2020Pi FinancialBoost Price TargetBuyC$1,494.00 ➝ C$1,540.00
7/23/2020Pi FinancialSet Price TargetBuyC$1,494.00
6/29/2020Pi FinancialBoost Price TargetBuyC$1,180.00 ➝ C$1,494.00
5/4/2020Pi FinancialSet Price TargetBuyC$830.00
4/20/2020Pi FinancialBoost Price TargetBuyC$580.00 ➝ C$830.00
4/3/2020Pi FinancialReiterated RatingBuyC$626.00
3/19/2020Pi FinancialSet Price TargetC$626.00
3/12/2020Pi FinancialSet Price TargetBuyC$830.00
2/13/2020Canaccord GenuityBoost Price TargetC$385.00 ➝ C$600.00
2/13/2020Pi FinancialUpgradeNeutral ➝ BuyC$590.00 ➝ C$830.00
2/10/2020Pi FinancialSet Price TargetNeutralC$590.00
1/22/2020Pi FinancialDowngradeBuy ➝ NeutralC$590.00
1/10/2020Pi FinancialBoost Price TargetC$563.00 ➝ C$590.00
11/21/2019Pi FinancialReiterated RatingBuyC$500.00
9/9/2019Robert W. BairdBoost Price TargetOutperformC$370.00 ➝ C$410.00
6/24/2019Roth CapitalDowngradeBuy ➝ NeutralC$275.00 ➝ C$300.00
5/14/2019Morgan StanleyDowngradeEqual Weight ➝ UnderweightC$173.00 ➝ C$209.00
5/13/2019GuggenheimDowngradeBuy ➝ Neutral
5/1/2019MackieBoost Price TargetBuyC$210.00 ➝ C$280.00
5/1/2019Royal Bank of CanadaBoost Price TargetOutperformC$230.00 ➝ C$265.00
8/3/2017Royal Bank of CanadaReiterated RatingSector PerformC$124.50
6/30/2017Royal Bank of CanadaReiterated RatingSector PerformC$101.50
6/13/2017The Goldman Sachs GroupDowngradeBuy ➝ NeutralC$125.12
4/26/2017Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$104.00
3/2/2017National Bank FinancialSet Price TargetOutperformC$80.00
2/16/2017Susquehanna BancsharesBoost Price TargetBuyC$48.00 ➝ C$69.00
2/16/2017Summit RedstoneBoost Price TargetBuyC$48.00 ➝ C$69.00
2/16/2017Royal Bank of CanadaBoost Price TargetOutperformC$86.00
10/28/2016Royal Bank of CanadaReiterated RatingOutperformC$67.50
8/23/2016MacquarieBoost Price TargetOutperformC$59.00 ➝ C$67.00
(Data available from 6/23/2016 forward)
Shopify logo
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company's platform provides merchants to run their business in various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, and access financing. It also sells custom themes and apps, and registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
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Today's Range

Now: C$1,848.09
Low: C$1,836.88
High: C$1,879.95

50 Day Range

MA: C$1,483.07
Low: C$1,274.99
High: C$1,850.36

52 Week Range

Now: C$1,848.09
Low: C$1,109.41
High: C$1,920.00

Volume

120,745 shs

Average Volume

186,256 shs

Market Capitalization

C$229.87 billion

P/E Ratio

118.59

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Shopify?

The following Wall Street sell-side analysts have issued reports on Shopify in the last twelve months: ATB Capital, National Bank Financial, Pi Financial, and Royal Bank of Canada.
View the latest analyst ratings for SHOP.

What is the current price target for Shopify?

4 Wall Street analysts have set twelve-month price targets for Shopify in the last year. Their average twelve-month price target is C$1,821.00, suggesting a possible downside of 1.5%. ATB Capital has the highest price target set, predicting SHOP will reach C$2,250.00 in the next twelve months. Pi Financial has the lowest price target set, forecasting a price of C$1,540.00 for Shopify in the next year.
View the latest price targets for SHOP.

What is the current consensus analyst rating for Shopify?

Shopify currently has 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe SHOP will outperform the market and that investors should add to their positions of Shopify.
View the latest ratings for SHOP.

What other companies compete with Shopify?

How do I contact Shopify's investor relations team?

Shopify's physical mailing address is 150 Elgin Street, 8Th Floor, OTTAWA, ON K2P 1L4, Canada. The company's listed phone number is +1-613-2412828. The official website for Shopify is www.shopify.com.