Summary:
- Shopify Inc's (SHOP, Financial) recent profit guidance disappointed investors, impacting its stock value.
- Analyst consensus suggests a potential upside of over 40% from current levels, reinforcing the stock's "Outperform" status.
- GuruFocus estimates project a fair value increase of 20.66% within a year for Shopify Inc.
Shopify Inc (SHOP) encountered a dip in its stock price after revealing profit guidance that fell short of investor expectations. Although the company recently announced its first-quarter earnings, the forecast has sparked apprehension about its financial outlook.
Wall Street Analysts Forecast
According to the one-year price targets from 43 analysts, Shopify Inc (SHOP, Financial) holds an average target price of $132.95. Projections vary significantly, with a high of $175.00 and a low of $87.64. This average target suggests a potential upside of 40.69% from its current price of $94.50. For more detailed forecast data, visit the Shopify Inc (SHOP) Forecast page.
Furthermore, the consensus recommendation from 48 brokerage firms places Shopify Inc's (SHOP, Financial) average brokerage recommendation at 2.2, implying an "Outperform" classification. The rating scale ranges from 1 (Strong Buy) to 5 (Sell).
GuruFocus's estimates predict that the GF Value for Shopify Inc (SHOP, Financial) in one year is $114.02, indicating a potential upside of 20.66% from the current price of $94.50. The GF Value represents GuruFocus's assessment of the stock's fair trading value, calculated from historical trading multiples, past growth, and future business performance estimates. For more comprehensive data, refer to the Shopify Inc (SHOP) Summary page.
