Morgan Stanley has revised its price target for Shopify (SHOP, Financial), bringing it down to $106 from a previous target of $144. Despite this adjustment, the investment firm maintains an Overweight rating on the company's shares.
This change is part of a broader reassessment of risk versus reward for numerous software companies as Morgan Stanley evaluates the uncertainties related to tariff risks and examines how these risks have already been accounted for in current share prices.
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 58.84% from the current price of $83.70. 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 $107.37, suggesting a upside of 28.28% from the current price of $83.7. 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.
