On May 6, 2025, BMO Capital initiated coverage on Shopify (SHOP, Financial), a leading e-commerce platform provider. The analyst responsible for the coverage, Thanos Moschopoulos, has provided a positive outlook on the stock by assigning it an "Outperform" rating.
According to BMO Capital, the price target for Shopify (SHOP, Financial) has been set at $120.00 USD. This marks the firm's official entry into evaluating Shopify's market performance and potential growth trajectory, although there is no prior price target or rating for comparison at this time.
The "Outperform" rating suggests that the analyst expects Shopify (SHOP, Financial) to perform better than the market average, reflecting confidence in the company's business strategy and growth prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 43 analysts, the average target price for Shopify Inc (SHOP, Financial) is $132.95 with a high estimate of $175.00 and a low estimate of $87.64. The average target implies an upside of 35.14% from the current price of $98.38. More detailed estimate data can be found on the Shopify Inc (SHOP) Forecast page.
Based on the consensus recommendation from 48 brokerage firms, Shopify Inc's (SHOP, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Shopify Inc (SHOP, Financial) in one year is $109.15, suggesting a upside of 10.95% from the current price of $98.38. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Shopify Inc (SHOP) Summary page.
