Disclaimer: The TipRanks Smart Score performance is based on backtested results. Backtested performance is not an indicator of future actual results. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Changes in these assumptions may have a material impact on the backtested returns presented. Certain assumptions have been made for modeling purposes and are unlikely to be realized. No representations and warranties are made as to the reasonableness of the assumptions. This information is provided for illustrative purposes only. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Actual performance may differ significantly from backtested performance. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Please note all regulatory considerations regarding the presentation of fees must be taken into account. No cash balance or cash flow is included in the calculation.
 Stock Forecast, Price Targets and Analysts Predictions - TipRanks.com (2024))
FAQs
Shopify (SHOP) Stock Forecast, Price Targets and Analysts Predictions - TipRanks.com? ›
The average price target is $76.60 with a high forecast of $96.00 and a low forecast of $63.00. The average price target represents a 15.41% change from the last price of $66.37.
What is the prediction for Shopify stock? ›Shopify Stock Forecast
The 24 analysts with 12-month price forecasts for Shopify stock have an average target of 75.58, with a low estimate of 63 and a high estimate of 95. The average target predicts an increase of 16.22% from the current stock price of 65.03.
According to our current SHOP stock forecast, the value of Shopify - Class A shares will drop by -3.62% and reach $ 61.98 per share by June 30, 2024.
Is shop stock a buy sell or hold? ›SHOP Stock Forecast FAQ
Shopify has 18.36% upside potential, based on the analysts' average price target. Is TSE:SHOP a Buy, Sell or Hold? Shopify has a consensus rating of Moderate Buy which is based on 17 buy ratings, 14 hold ratings and 0 sell ratings.
| Year | Mid-Year | Tod/End,% |
|---|---|---|
| 2030 | $159.57 | +145% |
| 2031 | $166.29 | +156% |
| 2032 | $173.60 | +167% |
| 2033 | $181.58 | +180% |
According to analysts, SHOP price target is 75.33 USD with a max estimate of 100.11 USD and a min estimate of 63.07 USD.
What is the fair price of Shopify stock? ›As of 2024-06-26, the Fair Value of Shopify Inc (SHOP) is -4.05 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 64.78 USD, the upside of Shopify Inc is -106.3%.
Is Shopify a good long-term stock? ›Economic Moat Rating
Given the company's history of generating excess returns, its complete portfolio of software and services, and its strong competitive position, we think Shopify will likely generate returns above its cost of capital over the next 10 years.
Does Shopify pay dividends? No, we have never declared or paid any dividends and we do not anticipate paying any cash dividends in the foreseeable future.
What is Amazon stock price forecast for 2024? ›Amazon stock forecast 2024
In Amazon's first-quarter earnings report, CEO Andy Jassy said the service is on pace to reach $100 billion in annual sales. Amazon stock's one-year price target is $221.78. In other words, the stock could reach a new high.
What is Shopify Future? ›
Shopify is likely to continue developing its Shopify Fulfillment Network, focusing on eco-friendly and efficient practices. This will not only appeal to sustainability-focused consumers but also improve the logistics of online order fulfillment.
What is the quick price prediction for 2025? ›| Year | Price |
|---|---|
| 2024 | $ 0.045214 |
| 2025 | $ 0.047475 |
| 2026 | $ 0.049848 |
| 2027 | $ 0.052341 |
We expect the stock to still trade at a similar multiple next year, putting our estimate for the stock price for Amazon at $287 in 2025, which is a 45.77% higher than the stock is trading today.
Will Shopify keep rising? ›Cumulatively, these factors produce a strong argument for Shopify continuing its streak of strong earnings growth. Analysts project earnings per share to rise at a compounded rate of over 50% in the coming 3-5 years, a trend that could drive SHOP shares higher.
How high will Snowflake stock go? ›According to the research reports of 35 Wall Street equities research analysts, the average twelve-month stock price forecast for Snowflake is $199.03, with a high forecast of $240.00 and a low forecast of $105.00.
Is Shopify profitable? ›Is selling on Shopify still profitable? Most Shopify businesses see profitability within two years. At this point, successful online store owners can make up to $155,000 annually selling products on Shopify.
