Cantor Fitzgerald analyst Deepak Mathivanan has adjusted the firm's price target for Shopify (SHOP, Financial), decreasing it from $120 to $80 while maintaining a Neutral rating on the stock. This alteration comes as the first quarter earnings season for internet stocks is set to begin, with expectations of "mixed signals" due to prevailing macroeconomic uncertainties.
The firm highlights potential impacts from tariffs on both current and future demand, as well as consumer behavior modifying in anticipation of these tariffs. In light of these challenges, Cantor Fitzgerald advocates for a defensive investment strategy that can leverage unique market opportunities as a means to secure returns during this period.
Additionally, the firm has accounted for a possible economic slowdown in its projections for the second quarter and the latter half of the year. This reflects a cautious outlook amid unpredictable market conditions and the ongoing effects of tariffs on the broader economic landscape.
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 58.45% from the current price of $83.91. 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 $112.69, suggesting a upside of 34.3% from the current price of $83.91. 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.
