Shopify (SHOP) stock forecast for 2023

The forecast has been updated: November 17, 2022 12:51


Shopify stock price online today

Analyst Target Price

2084.01

Dividend Date

-

Ex Dividend Date

-

Last Split Factor

Last Split Date

01.01.1970

Should 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 $2084.01 target price for Shopify stock stock.

Today 200 Day Moving Average is the resistance level (1367.6 $).

50 Day Moving Average is the resistance level (1207.58 $).




SHOP Forecast for 2023

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 33.32 31.75 35.58 10.77 %
Feb 33.62 32.71 35.03 6.62 %
Mar 30.96 29.63 33.34 11.14 %
Apr 29.88 27.75 31.52 11.94 %
May 31.58 29.56 32.53 9.13 %
Jun 30.19 28.38 31.31 9.35 %
Jul 29.28 27.18 29.93 9.20 %
Aug 28.14 26.54 29.38 9.67 %
Sep 26.12 25.18 27.89 9.74 %
Oct 23.56 21.91 25.02 12.43 %
Nov 22.21 20.68 23.81 13.15 %
Dec 23.19 22.52 24.10 6.54 %

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, CA

Market Capitalization

115 042 353 000 $

EBITDA

516 405 000

PE Ratio

33.83

PEG Ratio

-94.58

Dividend Per Share

0

Dividend Yield

0

EPS

27.0

Quarterly Earnings Growth YOY

4.858

Quarterly Revenue Growth YOY

0.464

Trailing PE

33.83

Forward PE

156.25

EV To Revenue

22.64

EV To EBITDA

25.01

52 Week High

1762.92

52 Week Low

780

50 Day Moving Average

1207.58

200 Day Moving Average

1367.6

Shares Outstanding

113633000

Shares Float

Shares Short Prior Month

Short Ratio

Percent Insiders

Percent Institutions

Shopify stock forecast for this year


Shopify stock forecast for Jan 2023.
Estimated Average Forecasted Shopify Price: 33.32. Negative monthly dynamics of the instrument is expected with 10.768% volatility is expected.

Pessimistic forecast: 31.75

Optimistic: 35.58


Shopify stock forecast for Feb 2023.
Estimated Average Forecasted Shopify Price: 33.62. Positive monthly dynamics of the instrument is expected with 6.622% volatility is expected.

Pessimistic forecast: 32.71

Optimistic: 35.03


Shopify stock forecast for Mar 2023.
Estimated Average Forecasted Shopify Price: 30.96. Negative monthly dynamics of the instrument is expected with 11.142% volatility is expected.

Pessimistic forecast: 29.63

Optimistic: 33.34


Shopify stock forecast for Apr 2023.
Estimated Average Forecasted Shopify Price: 29.88. Negative monthly dynamics of the instrument is expected with 11.943% volatility is expected.

Pessimistic forecast: 27.75

Optimistic: 31.52


Shopify stock forecast for May 2023.
Estimated Average Forecasted Shopify Price: 31.58. Positive monthly dynamics of the instrument is expected with 9.126% volatility is expected.

Pessimistic forecast: 29.56

Optimistic: 32.53


Shopify stock forecast for Jun 2023.
Estimated Average Forecasted Shopify Price: 30.19. Negative monthly dynamics of the instrument is expected with 9.354% volatility is expected.

Pessimistic forecast: 28.38

Optimistic: 31.31


Shopify stock forecast for Jul 2023.
Estimated Average Forecasted Shopify Price: 29.28. Negative monthly dynamics of the instrument is expected with 9.198% volatility is expected.

Pessimistic forecast: 27.18

Optimistic: 29.93


Shopify stock forecast for Aug 2023.
Estimated Average Forecasted Shopify Price: 28.14. Negative monthly dynamics of the instrument is expected with 9.674% volatility is expected.

Pessimistic forecast: 26.54

Optimistic: 29.38


Shopify stock forecast for Sep 2023.
Estimated Average Forecasted Shopify Price: 26.12. Negative monthly dynamics of the instrument is expected with 9.738% volatility is expected.

Pessimistic forecast: 25.18

Optimistic: 27.89


Shopify stock forecast for Oct 2023.
Estimated Average Forecasted Shopify Price: 23.56. Negative monthly dynamics of the instrument is expected with 12.429% volatility is expected.

Pessimistic forecast: 21.91

Optimistic: 25.02


Shopify stock forecast for Nov 2023.
Estimated Average Forecasted Shopify Price: 22.21. Negative monthly dynamics of the instrument is expected with 13.153% volatility is expected.

Pessimistic forecast: 20.68

Optimistic: 23.81


Shopify stock forecast for Dec 2023.
Estimated Average Forecasted Shopify Price: 23.19. Positive monthly dynamics of the instrument is expected with 6.545% volatility is expected.

Pessimistic forecast: 22.52

Optimistic: 24.10



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