Shopify (SHOP) stock forecast for 2023

The forecast has been updated: March 16, 2023 12:50


Shopify stock price online today

Analyst Target Price

48.99

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 $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, CA

Market Capitalization

55 085 294 000 $

EBITDA

-385 036 000

PE Ratio

None

PEG Ratio

26.2

Dividend Per Share

0

Dividend Yield

0

EPS

-2.74

Quarterly Earnings Growth YOY

4.858

Quarterly Revenue Growth YOY

0.257

Trailing PE

-

Forward PE

1428.57

EV To Revenue

8.58

EV To EBITDA

-13.19

52 Week High

78

52 Week Low

23.63

50 Day Moving Average

43.48

200 Day Moving Average

36.54

Shares Outstanding

1197170000

Shares 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



Other Technology sector assets

Name Symbol Last Close Price Change
Adobe Inc.
ADBE 362.88 (20.03.2023) 1.32 %
Alteryx, Inc.
AYX 56.43 (20.03.2023) -1.40 %
Advanced Micro Devices, Inc.
AMD 96.81 (20.03.2023) -1.05 %
Apple Inc.
AAPL 157.4 (20.03.2023) 1.55 %
ASML Holding N.V.
ASML 646.33 (20.03.2023) 1.99 %
Autodesk, Inc.
ADSK 200.42 (20.03.2023) 0.66 %
Bionano Genomics, Inc.
BNGO 1.08 (20.03.2023) -4.42 %
Broadcom Inc.
AVGO 643.71 (20.03.2023) 2.02 %
Cadence Design Systems, Inc.
CDNS 207.07 (20.03.2023) 0.09 %
Canaan Inc.
CAN 2.89 (20.03.2023) -6.17 %
Cisco Systems, Inc.
CSCO 50.94 (20.03.2023) 1.49 %
Citrix Systems, Inc.
CTXS 103.9 (02.11.2022) 0.00 %
Coupang, Inc.
CPNG 13.16 (17.03.2023) -0.90 %
CrowdStrike Holdings, Inc.
CRWD 132.74 (20.03.2023) -0.29 %
DocuSign, Inc.
DOCU 55.79 (20.03.2023) -4.67 %
Enphase Energy, Inc.
ENPH 192.51 (20.03.2023) 4.83 %
First Solar, Inc.
FSLR 204.68 (20.03.2023) 2.53 %
Fiserv, Inc.
FISV 110.81 (20.03.2023) 2.44 %
Genasys Inc.
GNSS 3.3 (20.03.2023) -1.49 %
GoPro, Inc.
GPRO 4.92 (20.03.2023) -0.20 %
Hewlett Packard Enterprise Comp.
HPE 14.44 (20.03.2023) 2.41 %
International Business Machines Corp.
IBM 125.94 (20.03.2023) 1.82 %
Ideanomics, Inc.
IDEX 0.109 (20.03.2023) -7.63 %
Intel Corp.
INTC 29.16 (20.03.2023) -2.18 %
Logitech International S.A.
LOGI 53.27 (20.03.2023) 0.08 %
MaxLinear, Inc.
MXL 35.04 (20.03.2023) 2.91 %
Micron Technology, Inc.
MU 57.64 (20.03.2023) 1.73 %
Microsoft Inc.
MSFT 272.23 (20.03.2023) -2.58 %
Nano Dimension Ltd.
NNDM 2.57 (20.03.2023) -1.15 %
nCino, Inc.
NCNO 22.4 (20.03.2023) -1.50 %
Nokia Corp.
NOK 4.57 (20.03.2023) 1.11 %
Nuance Communications, Inc.
NUAN 55.99 (04.03.2022) 0.00 %
NVIDIA Corp.
NVDA 259 (20.03.2023) 0.68 %
Okta, Inc.
OKTA 84.24 (20.03.2023) 0.49 %
Opendoor Technologies Inc.
OPEN 1.45 (20.03.2023) -9.94 %
Palantir Technologies Inc.
PLTR 8.08 (20.03.2023) 2.54 %
Palo Alto Networks, Inc.
PANW 189.43 (20.03.2023) 0.16 %
QUALCOMM, Inc.
QCOM 121.82 (20.03.2023) 0.90 %
Riot Blockchain, Inc.
RIOT 8.55 (20.03.2023) 5.56 %
SailPoint Technologies Holdings, Inc.
SAIL 65.24 (16.08.2022) 0.00 %
salesforce.com, inc.
CRM 185.25 (20.03.2023) 0.22 %
ServiceNow, Inc.
NOW 435.15 (20.03.2023) -1.33 %
Shopify Inc.
SHOP 43.88 (20.03.2023) -1.79 %
ShotSpotter, Inc.
SSTI 37.03 (20.03.2023) 1.59 %
Skillz Inc.
SKLZ 0.5158 (20.03.2023) 6.99 %
Slack Technologies, Inc.
WORK 45.2 (21.07.2021) 0.00 %
Snowflake Inc.
SNOW 135.47 (20.03.2023) -0.11 %
SolarEdge Technologies, Inc.
SEDG 272.31 (20.03.2023) 1.91 %
Sony Corp.
SNE 88.42 (20.03.2023) 2.20 %
Splunk Inc.
SPLK 89.77 (20.03.2023) 0.70 %
Square, Inc.
SQ 74.5 (20.03.2023) 0.70 %
Sunnova Energy Inter. Inc.
NOVA 12.69 (20.03.2023) -1.86 %
Sunrun Inc.
RUN 17.03 (20.03.2023) -1.67 %
Synopsys, Inc.
SNPS 375.59 (20.03.2023) 0.82 %
Taiwan Semiconductor Manufacturing Company Lim.
TSM 90.04 (20.03.2023) 0.64 %
Uber Technologies, Inc.
UBER 31.93 (20.03.2023) 0.47 %
Unity Software Inc.
U 28.24 (20.03.2023) -0.28 %
Upland Software, Inc.
UPLD 4.25 (20.03.2023) -4.28 %
Workday, Inc.
WDAY 190.64 (20.03.2023) 0.99 %
Zscaler, Inc.
ZS 105.46 (20.03.2023) -0.03 %

Warning: include(include/reklama_bottom.php): failed to open stream: No such file or directory in /home/virtwww/w_leoprophet-com_a7e4ac46/http/wp-content/themes/generatepress/forecast_stock_post_year.php on line 808 Warning: include(): Failed opening 'include/reklama_bottom.php' for inclusion (include_path='.:') in /home/virtwww/w_leoprophet-com_a7e4ac46/http/wp-content/themes/generatepress/forecast_stock_post_year.php on line 808

Denial of responsibility:

The portal leoprophet.com is not responsible for the loss of your money as a result of your use of the information contained on the site, including data, quotes, charts and forecasts. Operations in the stock, foreign exchange and commodity markets involve a high level of risk, and you are solely responsible for your operations. Only speculate with money that you can afford to lose. All prices and forecasts for stocks, indices, futures are indicative and should not be trade dependent. The portal is not responsible for any losses that you may incur as a result of using this data.