RBC Capital has revised its price target for Shopify (SHOP, Financial), lowering it from $145 to $125, while maintaining an Outperform rating. The adjustment comes as the company is anticipated to encounter growth challenges in the upcoming quarters, influenced by inflationary pressures related to tariffs and changes to the de minimis exemption.
Despite these near-term hurdles, RBC Capital remains optimistic about Shopify's long-term prospects. The firm views Shopify as one of the most compelling opportunities for organic growth within its coverage, although it acknowledges that stock volatility and valuation pressures are expected in the short term.
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 59.90% from the current price of $83.15. 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 $111.73, suggesting a upside of 34.37% from the current price of $83.15. 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.
