UBS analyst Timothy Chiodo has maintained a "Neutral" rating on Shopify (SHOP, Financial), while adjusting the stock's price target from $125.00 to $110.00. This represents a 12% decrease in the expected share price value.
The decision to lower the price target comes amid various market conditions and internal assessments. Despite the modified target, the "Neutral" stance suggests that the current stock price of Shopify (SHOP, Financial) is fairly valued in relation to its expected future performance.
Shopify (SHOP, Financial), listed on the NASDAQ exchange, continues to be a significant player in the e-commerce sector. Investors should keep a close watch on any further updates from UBS or other analysts for any shifts in sentiment or changes in the company’s valuation assessments.
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 44.88% from the current price of $91.77. 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 $109.96, suggesting a upside of 19.82% from the current price of $91.77. 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.
