KeyBanc analyst Justin Patterson has revised the price target for Shopify (SHOP, Financial), reducing it from $140 to $105. This adjustment reflects a cautious outlook on the company's annual revenue projections. Despite the lowered target, the Overweight rating for Shopify shares remains unchanged.
The decision to lower the price target comes in response to recent tariff announcements and a broader market reassessment. KeyBanc anticipates a decrease in consumer discretionary spending in the United States, influencing their updated forecasts ahead of Shopify's first-quarter reports. The firm is preparing for a potential softer revenue performance than initially expected.
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 55.12% from the current price of $85.71. 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 $114.28, suggesting a upside of 33.33% from the current price of $85.71. 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.
