Shopify Inc.’s latest Share Price (SHOP: NYSE) The Stock Price Today is 67.85 USD+2.33 (3.56%). The current trading volume for Shopify (SHOP) is 13,494,802 with a change percentage of +3.56%. The intraday high is at $68.35, while the 52-week high stands at $71.43. On the other hand, the intraday low is $65.76, and the 52-week low is $32.35. Today’s opening price is $65.82, and the previous close was at $65.52.
According to the MoneyMystica expert’s long-term Shopify Stock Forecast (SHOP) can reach $135.60 by 2025, $315.99 by 2030, and $650.67 by 2035.
Shopify (SHOP) streamlines online store creation for 1 million+ businesses without coding. Listed on NYSE, its shares soared in 2019, hitting USD 165-$169 in Nov 2021 amid the pandemic-driven online boom. Though a dip followed, growth potential is seen, contingent on market recovery. Analysts predict short and long-term price trends for SHOP in 2024, 2025, and 2030, factoring financials, technical analysis, and market trends.
What Is Shopify
Shopify is an e-commerce platform designed for starting and expanding online businesses. It offers a comprehensive toolkit with services covering payments, marketing, shipping, and customer engagement. Even without coding skills, users can create online storefronts using Shopify’s drag-and-drop store creator and customizable templates from top designers.
The platform extends functionality with apps developed by trusted Shopify developers. Marketing tools, social integrations, and sales channels aid in product visibility. The fast and reliable Shop Pay checkout system aims to maximize conversions. As a subscription service, Shopify streamlines the web development process, eliminating the need for separate elements like domain names and hosting, making it an accessible option for selling products and accepting payments online.
Shopify Stock Forecast 2023
According to CNN.com Among the 41 analysts providing 12-month price forecasts for Shopify Inc, the median target is $67.00, with a high estimate of $82.00 and a low estimate of $53.00
Shopify Stock Forecast 2024
| Year | Shopify(SHOP)Stock Price Prediction 2024 |
|---|---|
| 2024 | $70 – $95 |
Shopify will continue to see growth for the next few years, with a 50% year-over-year increase in revenue from 2021-2024. The current Shopify stock price is $67.85. The latest long-term forecast anticipates that the Shopify stock price will reach $95 by the end of 2024.
Shopify Stock Forecast 2025
| Year | Shopify Stock Price Prediction 2025 |
|---|---|
| 2025 | $90 – $135.60 |
According to expert analysis, the long-term Shopify Stock Forecast 2025 suggests it can reach $135.60 with an average price of $115.00 and minimum price of $90 by the end of the year 2025 indicating an expected growth of 28.5% by that year.
Shopify Stock Forecast 2030
| Year | Shopify Stock Price Prediction 2030 |
|---|---|
| 2030 | $135.60 – $315.99 |
Based on an analysis of the company’s financial data and future growth potential, it is predicted that Shopify will experience continued growth in the coming years. By 2030, estimates suggest the company could achieve a total revenue of nearly $58 billion with a net income of $17.50 billion. Additionally, the long-term Shopify Stock Forecast (SHOP) indicates it could reach $315.99 by 2030.
Shopify Stock Forecast 2040
| Year | Shopify Stock Price Forecast 2040 |
|---|---|
| 2040 | $500.10 – $750.65 |
Our technical analysis predicts that the typical Shopify stock price prediction in 2040 will be between $500.10 and $750.65 with a median price target of $629 from the current price of $67.85
Technical analysis of the Shopify Stock Forecast
To pinpoint the best time to get into Shopify (SHOP), keep an eye on TradingView’s chart and its technical analysis signals. If you see “Sell” or “Strong Sell,” it suggests a bearish trend, indicating it might be a good time to sell. On the flip side, “Buy” or “Strong Buy” signals hint at a bullish trend, signaling it could be an opportune time to buy. Watching these signals helps in making well-informed decisions about when to enter the market based on current market sentiments.
What will the SHOP price be in the next 5 years and 10 years?
According to the MoneyMystica expert’s long-term Shopify Stock Price Prediction (SHOP) can reach 135.60 USD by 2025, 315.99 USD by 2030, and 650.67 USD by 2035.
Year | Middle of the Year | End of the Year
---------------------------------------------
2023 | 77.33 USD | 101.67 USD
2024 | 116.34 USD | 123.41 USD
2025 | 132.67 USD | 149.16 USD
2026 | 167.85 USD | 186.69 USD
2027 | 205.53 USD | 228.61 USD
2028 | 251.68 USD | 279.94 USD
2029 | 308.19 USD | 342.79 USD
2030 | 330.09 USD | 342.76 USD
2031 | 462.12 USD | 514.01 USD
2032 | 565.88 USD | 629.42 USD
2033 | 692.95 USD | 770.73 USD
2034 | 848.53 USD | 943.79 USDWhat factors can influence Shopify’s (SHOP) price in the future?
Factors influencing the Shopify Stock Forecast (SHOP) stock price:
- Financial Health Matters: Shopify’s stock prices can take a hit if their financial reports and predictions show a decline in revenue growth and earnings per share. This could be because people are returning to their pre-pandemic habits, and there’s a drop in the number of subscriptions.
- Global Expansion is a Plus: The company is a big player in the U.S. online merchant services, holding a 10% local market share. If they successfully expand into more countries, especially the 17+ European ones where they’re already present, it could boost their stock prices.
- Watch out for Amazon: Shopify’s main rival is Amazon, and if Amazon gains an upper hand in certain e-commerce areas, it could impact Shopify’s stock negatively. Some even speculate that Amazon might acquire Shopify in the future.
- Investing in the Future: The returns on investments in new ventures matter. Shopify has been putting a chunk of its earnings into long-term projects, like the Delivery as a Service (DaaS) model. If these investments pay off, especially with DaaS—a mix of tech and direct delivery from manufacturer to buyer without middlemen—the stock prices could rise.
Shopify Latest News
why Shopify stock is up Today – Shopify (SHOP) shares are making waves, surging by 21% as of 10:14 a.m. ET on Thursday. This upward momentum comes hot on the heels of a third-quarter earnings report that exceeded expectations. READ MORE
Great news from Shopify’s third-quarter report! A 25% increase in revenue and a 36% boost in gross profit year-over-year is impressive. Even more noteworthy is the fact that they’ve achieved positive free cash flow for the fourth consecutive quarter, reaching a solid 16% of revenue.
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FAQ: Shopify Stock Forecast
What is the current market cap of Shopify Stock?
The current market cap of Shopify (SHOP) Stock is Market Cap: $8.72 trillion
Does Shopify stock (SHOP) have a future?
According to analysts, Shopify is expected to reach an average price of $68.15 in the next 12 months, indicating a potential upside of 10.87% in the future.
where will Shopify stock be in 5 years?
According to coinpriceforecast.com projections, the stock could see significant growth, reaching $100 by 2025, $110 in 2026, $125 in 2027, $150 in 2028, and an impressive $200 by 2034.
is Shopify Stock (SHOP) a buy, sell, or hold?
Shopify (SHOP 5.10%) is surging, poised for potential record highs in 2024. Analysts give it a Moderate Buy rating with 12 buy and 15 hold ratings—no sells in sight.
