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Shopify (SHOP) stock forecast for 2024
The forecast has been updated: November 17, 2022 12:51
Shopify stock price online today
Analyst Target Price
2084.01Dividend 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 2024? How much will it cost in 2024? Shopify stock Stock Monthly Prediction for January, February, March, April, May, July, July, August, September, October, November and December 2024.
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 2024
| Month | Rate Forecast | MIN Rate | MAX Rate | Volati- lity, % |
|---|---|---|---|---|
| Jan | 23.56 | 22.27 | 24.53 | 9.22 % |
| Feb | 24.93 | 23.88 | 26.85 | 11.05 % |
| Mar | 23.91 | 22.38 | 25.01 | 10.52 % |
| Apr | 25.70 | 25.06 | 26.39 | 5.06 % |
| May | 27.14 | 25.94 | 28.90 | 10.23 % |
| Jun | 29.12 | 28.54 | 30.87 | 7.55 % |
| Jul | 28.97 | 26.69 | 31.09 | 14.17 % |
| Aug | 28.80 | 26.81 | 29.92 | 10.39 % |
| Sep | 29.12 | 28.01 | 30.49 | 8.12 % |
| Oct | 28.65 | 27.59 | 30.17 | 8.55 % |
| Nov | 30.00 | 27.60 | 30.90 | 10.68 % |
| Dec | 29.61 | 27.39 | 30.53 | 10.28 % |
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
115 042 353 000 $EBITDA
516 405 000PE Ratio
33.83PEG Ratio
-94.58Dividend Per Share
0Dividend Yield
0EPS
27.0Quarterly Earnings Growth YOY
4.858Quarterly Revenue Growth YOY
0.464Trailing PE
33.83Forward PE
156.25EV To Revenue
22.64EV To EBITDA
25.0152 Week High
1762.9252 Week Low
78050 Day Moving Average
1207.58200 Day Moving Average
1367.6Shares Outstanding
113633000Shares Float
Shares Short Prior Month
Short Ratio
Percent Insiders
Percent Institutions
Shopify stock forecast for this year
Shopify stock forecast for Jan 2024.
Estimated Average Forecasted Shopify Price: 23.56. Positive monthly dynamics of the instrument is expected with 9.222% volatility is expected.
Pessimistic forecast: 22.27
Optimistic: 24.53
Shopify stock forecast for Feb 2024.
Estimated Average Forecasted Shopify Price: 24.93. Positive monthly dynamics of the instrument is expected with 11.049% volatility is expected.
Pessimistic forecast: 23.88
Optimistic: 26.85
Shopify stock forecast for Mar 2024.
Estimated Average Forecasted Shopify Price: 23.91. Negative monthly dynamics of the instrument is expected with 10.516% volatility is expected.
Pessimistic forecast: 22.38
Optimistic: 25.01
Shopify stock forecast for Apr 2024.
Estimated Average Forecasted Shopify Price: 25.70. Positive monthly dynamics of the instrument is expected with 5.063% volatility is expected.
Pessimistic forecast: 25.06
Optimistic: 26.39
Shopify stock forecast for May 2024.
Estimated Average Forecasted Shopify Price: 27.14. Positive monthly dynamics of the instrument is expected with 10.235% volatility is expected.
Pessimistic forecast: 25.94
Optimistic: 28.90
Shopify stock forecast for Jun 2024.
Estimated Average Forecasted Shopify Price: 29.12. Positive monthly dynamics of the instrument is expected with 7.547% volatility is expected.
Pessimistic forecast: 28.54
Optimistic: 30.87
Shopify stock forecast for Jul 2024.
Estimated Average Forecasted Shopify Price: 28.97. Negative monthly dynamics of the instrument is expected with 14.166% volatility is expected.
Pessimistic forecast: 26.69
Optimistic: 31.09
Shopify stock forecast for Aug 2024.
Estimated Average Forecasted Shopify Price: 28.80. Negative monthly dynamics of the instrument is expected with 10.395% volatility is expected.
Pessimistic forecast: 26.81
Optimistic: 29.92
Shopify stock forecast for Sep 2024.
Estimated Average Forecasted Shopify Price: 29.12. Positive monthly dynamics of the instrument is expected with 8.118% volatility is expected.
Pessimistic forecast: 28.01
Optimistic: 30.49
Shopify stock forecast for Oct 2024.
Estimated Average Forecasted Shopify Price: 28.65. Negative monthly dynamics of the instrument is expected with 8.547% volatility is expected.
Pessimistic forecast: 27.59
Optimistic: 30.17
Shopify stock forecast for Nov 2024.
Estimated Average Forecasted Shopify Price: 30.00. Positive monthly dynamics of the instrument is expected with 10.680% volatility is expected.
Pessimistic forecast: 27.60
Optimistic: 30.90
Shopify stock forecast for Dec 2024.
Estimated Average Forecasted Shopify Price: 29.61. Negative monthly dynamics of the instrument is expected with 10.281% volatility is expected.
Pessimistic forecast: 27.39
Optimistic: 30.53
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