TSE:SHOP - Shopify Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$2,068.00
  • Forecasted Upside: 5,041.72 %
  • Number of Analysts: 6
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
C$40.22
▼ -2.37 (-5.56%)

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$2,068.00
▲ +5,041.72% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is C$2,068.00, with a high forecast of C$0.00 and a low forecast of C$0.00. The average price target represents a 5,041.72% upside from the last price of C$40.22.

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 6 investment analysts is to buy stock in Shopify. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
1/9/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/9/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/8/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/6/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/4/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/4/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
6/3/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
7/3/2022

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
5/5/2022Veritas Investment ResearchReiterated RatingSell
2/7/2022Royal Bank of CanadaLower Price TargetOutperformC$1,840.00
1/20/2022Deutsche Bank AktiengesellschaftLower Price TargetHoldC$1,650.00 ➝ C$1,400.00
11/2/2021Deutsche Bank AktiengesellschaftReiterated RatingHoldC$1,650.00
10/29/2021CIBCLower Price TargetOutperformC$2,168.00
10/28/2021Royal Bank of CanadaReiterated RatingOutperformC$2,224.00
8/27/2021CIBCReiterated Rating$2,233.00
8/20/2021CIBCReiterated RatingOutperformC$2,233.00
7/30/2021ATB CapitalBoost Price TargetC$2,250.00 ➝ C$2,500.00
7/29/2021Royal Bank of CanadaReiterated RatingOutperformC$2,260.00
7/23/2021Royal Bank of CanadaBoost Price TargetOutperformC$2,260.00
7/22/2021National Bank FinancialBoost Price TargetOutperformC$2,500.00
7/22/2021National BanksharesBoost Price TargetOutperformC$1,569.36 ➝ C$2,000.00
7/16/2021National Bank FinancialBoost Price TargetOutperformC$2,500.00
6/30/2021Royal Bank of CanadaBoost Price TargetOutperformC$2,103.00
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
2/13/2020Pi 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
(Data available from 7/3/2017 forward)

News Sentiment Rating

0.39 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 10 very positive mentions
  • 18 positive mentions
  • 3 negative mentions
  • 2 very negative mentions
12/5/2021
  • 5 very positive mentions
  • 17 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
1/4/2022
  • 6 very positive mentions
  • 27 positive mentions
  • 5 negative mentions
  • 1 very negative mentions
2/3/2022
  • 11 very positive mentions
  • 38 positive mentions
  • 3 negative mentions
  • 2 very negative mentions
3/5/2022
  • 2 very positive mentions
  • 28 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
4/4/2022
  • 12 very positive mentions
  • 38 positive mentions
  • 6 negative mentions
  • 3 very negative mentions
5/4/2022
  • 5 very positive mentions
  • 37 positive mentions
  • 5 negative mentions
  • 2 very negative mentions
6/3/2022
  • 15 very positive mentions
  • 38 positive mentions
  • 9 negative mentions
  • 1 very negative mentions
7/3/2022

Current Sentiment

  • 15 very positive mentions
  • 38 positive mentions
  • 9 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

Shopify logo
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through 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, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. 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$40.22
Low: C$39.76
High: C$42.99

50 Day Range

MA: C$450.15
Low: C$40.22
High: C$618.30

52 Week Range

Now: C$40.22
Low: C$38.63
High: C$222.87

Volume

3,377,581 shs

Average Volume

3,373,548 shs

Market Capitalization

C$50.73 billion

P/E Ratio

268.13

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, CIBC, Deutsche Bank Aktiengesellschaft, National Bank Financial, National Bankshares, Inc., Royal Bank of Canada, and Veritas Investment Research.
View the latest analyst ratings for SHOP.

What is the current price target for Shopify?

0 Wall Street analysts have set twelve-month price targets for Shopify in the last year. Their average twelve-month price target is C$2,068.00, suggesting a possible upside of 5,041.7%.
View the latest price targets for SHOP.

What is the current consensus analyst rating for Shopify?

Shopify currently has 1 sell rating, 1 hold rating and 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.

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. Learn More about contacing Shopify investor relations.