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Shopify (SHOP) stock forecast for 2023
The forecast has been updated: March 16, 2023 12:50
Shopify stock price online today
Analyst Target Price
48.99Dividend Date
-Ex Dividend Date
-Last Split Factor
Last Split Date
01.01.1970Should you buy or sell Shopify stock stock today? What is the projected target price level for 2023? How much will it cost in 2023? Shopify stock Stock Monthly Prediction for January, February, March, April, May, July, July, August, September, October, November and December 2023.
We predict the dynamics of the stock market value using resonant artificial intelligence systems.
Technical, fundamental analyzes, news background, general geopolitical situation in the world and other factors are taken into account.
Forecasts are adjusted once a day taking into account the price change of the previous day.
To date, analysts have a $48.99 target price for Shopify stock stock.
Today 200 Day Moving Average is the support level (36.54 $).
50 Day Moving Average is the resistance level (43.48 $).
SHOP Forecast for 2023
| Month | Rate Forecast | MIN Rate | MAX Rate | Volati- lity, % |
|---|---|---|---|---|
| Apr | 44.93 | 42.73 | 46.73 | 8.56 % |
| May | 47.09 | 43.84 | 48.13 | 8.90 % |
| Jun | 48.97 | 45.94 | 51.62 | 11.01 % |
| Jul | 51.37 | 50.35 | 54.40 | 7.46 % |
| Aug | 46.24 | 45.03 | 47.95 | 6.08 % |
| Sep | 44.29 | 41.15 | 47.48 | 13.34 % |
| Oct | 47.17 | 44.06 | 49.63 | 11.22 % |
| Nov | 46.89 | 45.20 | 49.38 | 8.45 % |
| Dec | 47.87 | 46.73 | 50.65 | 7.75 % |
The forecasts table above shows the forecast values of the company's stock price for each month. The Rate Forecast column displays the Optimal Average Forecast Price. The MIN Rate column displays a pessimistic forecast for this month. “MAX Rate” is an optimistic forecast. The % Volatility column represents the approximate monthly volatility of Shopify stock.
Shopify overview
Shopify Address
150 ELGIN STREET, 8TH FLOOR, OTTAWA, ON, CAMarket Capitalization
55 085 294 000 $EBITDA
-385 036 000PE Ratio
NonePEG Ratio
26.2Dividend Per Share
0Dividend Yield
0EPS
-2.74Quarterly Earnings Growth YOY
4.858Quarterly Revenue Growth YOY
0.257Trailing PE
-Forward PE
1428.57EV To Revenue
8.58EV To EBITDA
-13.1952 Week High
7852 Week Low
23.6350 Day Moving Average
43.48200 Day Moving Average
36.54Shares Outstanding
1197170000Shares Float
Shares Short Prior Month
Short Ratio
Percent Insiders
Percent Institutions
Shopify stock forecast for this year
Shopify stock forecast for Apr 2023.
Estimated Average Forecasted Shopify Price: 44.93. Positive monthly dynamics of the instrument is expected with 8.558% volatility is expected.
Pessimistic forecast: 42.73
Optimistic: 46.73
Shopify stock forecast for May 2023.
Estimated Average Forecasted Shopify Price: 47.09. Positive monthly dynamics of the instrument is expected with 8.904% volatility is expected.
Pessimistic forecast: 43.84
Optimistic: 48.13
Shopify stock forecast for Jun 2023.
Estimated Average Forecasted Shopify Price: 48.97. Positive monthly dynamics of the instrument is expected with 11.006% volatility is expected.
Pessimistic forecast: 45.94
Optimistic: 51.62
Shopify stock forecast for Jul 2023.
Estimated Average Forecasted Shopify Price: 51.37. Positive monthly dynamics of the instrument is expected with 7.460% volatility is expected.
Pessimistic forecast: 50.35
Optimistic: 54.40
Shopify stock forecast for Aug 2023.
Estimated Average Forecasted Shopify Price: 46.24. Negative monthly dynamics of the instrument is expected with 6.075% volatility is expected.
Pessimistic forecast: 45.03
Optimistic: 47.95
Shopify stock forecast for Sep 2023.
Estimated Average Forecasted Shopify Price: 44.29. Negative monthly dynamics of the instrument is expected with 13.339% volatility is expected.
Pessimistic forecast: 41.15
Optimistic: 47.48
Shopify stock forecast for Oct 2023.
Estimated Average Forecasted Shopify Price: 47.17. Positive monthly dynamics of the instrument is expected with 11.217% volatility is expected.
Pessimistic forecast: 44.06
Optimistic: 49.63
Shopify stock forecast for Nov 2023.
Estimated Average Forecasted Shopify Price: 46.89. Negative monthly dynamics of the instrument is expected with 8.452% volatility is expected.
Pessimistic forecast: 45.20
Optimistic: 49.38
Shopify stock forecast for Dec 2023.
Estimated Average Forecasted Shopify Price: 47.87. Positive monthly dynamics of the instrument is expected with 7.751% volatility is expected.
Pessimistic forecast: 46.73
Optimistic: 50.65
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