Shopify (SHOP) stock forecast for 2024. Forecast tables and graphs.

Shopify (SHOP) stock forecast for 2024

The forecast has been updated: June 10, 2021 12:50


Shopify stock price online today

Analyst Target Price

1140.62

Dividend Date

-

Ex Dividend Date

-

Last Split Factor

None

Last Split Date

-

Should 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 $1140.62 target price for Shopify stock stock.

Today 200 Day Moving Average is the support level (1058.9537 $).

50 Day Moving Average is the support level (1189.5145 $).




SHOP Forecast for 2024

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 1 366.87 1 301.26 1 406.51 7.48 %
Feb 1 308.09 1 229.61 1 342.10 8.38 %
Mar 1 322.48 1 247.10 1 401.83 11.04 %
Apr 1 341.00 1 304.79 1 425.48 8.47 %
May 1 307.47 1 265.63 1 368.92 7.55 %
Jun 1 397.69 1 288.67 1 434.03 10.14 %
Jul 1 417.26 1 387.49 1 455.52 4.67 %
Aug 1 452.69 1 404.75 1 487.55 5.57 %
Sep 1 512.25 1 410.93 1 586.35 11.06 %
Oct 1 545.52 1 489.88 1 639.79 9.14 %
Nov 1 539.33 1 488.54 1 597.83 6.84 %
Dec 1 476.22 1 405.36 1 511.65 7.03 %

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, Ottawa, ON, Canada, K2P 1L4

Market Capitalization

178 021 859 328 $

EBITDA

59 229 000

PE Ratio

903.286

PEG Ratio

-94.58

Dividend Per Share

None

Dividend Yield

0

EPS

1.619

Quarterly Earnings Growth YOY

0

Quarterly Revenue Growth YOY

0.965

Trailing PE

903.286

Forward PE

344.8276

EV To Revenue

61.4747

EV To EBITDA

1136.9461

52 Week High

1499.145

52 Week Low

305.3001

50 Day Moving Average

1189.5145

200 Day Moving Average

1058.9537

Shares Outstanding

110044000

Shares Float

109784211

Shares Short Prior Month

1135691

Short Ratio

1.03

Percent Insiders

0.402

Percent Institutions

67.333

Shopify stock forecast for this year


Shopify stock forecast for Jan 2024.
Estimated Average Forecasted Shopify Price: 1 366.87. Positive monthly dynamics of the instrument is expected with 7.483% volatility is expected.

Pessimistic forecast: 1 301.26

Optimistic: 1 406.51


Shopify stock forecast for Feb 2024.
Estimated Average Forecasted Shopify Price: 1 308.09. Negative monthly dynamics of the instrument is expected with 8.382% volatility is expected.

Pessimistic forecast: 1 229.61

Optimistic: 1 342.10


Shopify stock forecast for Mar 2024.
Estimated Average Forecasted Shopify Price: 1 322.48. Positive monthly dynamics of the instrument is expected with 11.038% volatility is expected.

Pessimistic forecast: 1 247.10

Optimistic: 1 401.83


Shopify stock forecast for Apr 2024.
Estimated Average Forecasted Shopify Price: 1 341.00. Positive monthly dynamics of the instrument is expected with 8.467% volatility is expected.

Pessimistic forecast: 1 304.79

Optimistic: 1 425.48


Shopify stock forecast for May 2024.
Estimated Average Forecasted Shopify Price: 1 307.47. Negative monthly dynamics of the instrument is expected with 7.545% volatility is expected.

Pessimistic forecast: 1 265.63

Optimistic: 1 368.92


Shopify stock forecast for Jun 2024.
Estimated Average Forecasted Shopify Price: 1 397.69. Positive monthly dynamics of the instrument is expected with 10.136% volatility is expected.

Pessimistic forecast: 1 288.67

Optimistic: 1 434.03


Shopify stock forecast for Jul 2024.
Estimated Average Forecasted Shopify Price: 1 417.26. Positive monthly dynamics of the instrument is expected with 4.674% volatility is expected.

Pessimistic forecast: 1 387.49

Optimistic: 1 455.52


Shopify stock forecast for Aug 2024.
Estimated Average Forecasted Shopify Price: 1 452.69. Positive monthly dynamics of the instrument is expected with 5.566% volatility is expected.

Pessimistic forecast: 1 404.75

Optimistic: 1 487.55


Shopify stock forecast for Sep 2024.
Estimated Average Forecasted Shopify Price: 1 512.25. Positive monthly dynamics of the instrument is expected with 11.058% volatility is expected.

Pessimistic forecast: 1 410.93

Optimistic: 1 586.35


Shopify stock forecast for Oct 2024.
Estimated Average Forecasted Shopify Price: 1 545.52. Positive monthly dynamics of the instrument is expected with 9.142% volatility is expected.

Pessimistic forecast: 1 489.88

Optimistic: 1 639.79


Shopify stock forecast for Nov 2024.
Estimated Average Forecasted Shopify Price: 1 539.33. Negative monthly dynamics of the instrument is expected with 6.840% volatility is expected.

Pessimistic forecast: 1 488.54

Optimistic: 1 597.83


Shopify stock forecast for Dec 2024.
Estimated Average Forecasted Shopify Price: 1 476.22. Negative monthly dynamics of the instrument is expected with 7.031% volatility is expected.

Pessimistic forecast: 1 405.36

Optimistic: 1 511.65



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