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Shopify (SHOP) stock forecast for 2023

The forecast has been updated: November 30, 2023 12:52

Shopify stock price online today

Analyst Target Price

67.12

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 $67.12 target price for Shopify stock stock.

Today 200 Day Moving Average is the support level (52.34 $).

50 Day Moving Average is the support level (60.13 $).

SHOP Forecast for 2023

Month	Rate Forecast	MIN Rate	MAX Rate	Volati- lity, %
Dec	69.07	64.78	73.97	12.42 %

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

66 075 484 000 $

EBITDA

-414 036 000

PE Ratio

None

PEG Ratio

26.2

Dividend Per Share

Dividend Yield

EPS

-1.46

Quarterly Earnings Growth YOY

4.858

Quarterly Revenue Growth YOY

0.308

Trailing PE

Forward PE

1428.57

EV To Revenue

8.58

EV To EBITDA

-13.19

52 Week High

71.43

52 Week Low

23.63

50 Day Moving Average

60.13

200 Day Moving Average

52.34

Shares Outstanding

1203500000

Shares Float

Shares Short Prior Month

Short Ratio

Percent Insiders

Percent Institutions

Shopify stock forecast for this year

Shopify stock forecast for Dec 2023.
Estimated Average Forecasted Shopify Price: 69.07. Positive monthly dynamics of the instrument is expected with 12.418% volatility is expected.

Pessimistic forecast: 64.78

Optimistic: 73.97

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