SHOPIFY INC - CLASS A (SHOP.CA) Stock Analyst Ratings
Canada - TSX:SHOP - CA82509L1076 - Common Stock
242.12 CAD
+8.61 (+3.69%)
ChartMill assigns a Buy % Consensus number of 76% to SHOP.CA. The Buy consensus is the weighted average rating of the current analysts ratings.
Analysts have set a mean price target forecast of 226.28. This target is -6.54% below the current price.
SHOP.CA was analyzed by 56 analysts. The buy percentage consensus is at 76. So analysts seem to be have mildly positive about SHOP.CA.
In the previous month the buy percentage consensus was at a similar level.
SHOP.CA was analyzed by 56 analysts, which is quite many. So the average rating should be quite meaningful.
Price Target & Forecast
| Date | Firm | Action | Rating |
|---|---|---|---|
| 2022-11-24 | STA Research | Upgrade | Buy |
| 2022-10-28 | TD Research | Upgrade | Hold |
| 2022-08-05 | STA Research | Upgrade | Buy |
| 2022-08-03 | Morningstar | Maintains | Hold |
| 2022-07-28 | TD Research | Downgrade | Hold |
| 2022-07-28 | ATB Capital | Downgrade | |
| 2022-07-21 | Morningstar | Downgrade | Hold |
| 2022-07-18 | STA Research | Maintains | Buy |
| 2022-07-18 | Piper Sandler | Downgrade | Neutral |
| 2022-06-30 | National Bank of Canada Financial | Initiate | Outperform |
| 2022-06-30 | Morningstar | Upgrade | Buy |
| 2022-06-09 | Morningstar | Initiate | Hold |
| 2022-05-31 | Morningstar | Maintains | Hold |
| 2022-05-31 | STA Research | Reiterate | Buy |
| 2022-05-06 | RBC Royalbank | Downgrade | Outperform |
| 2022-05-06 | National Bank of Canada Financial | Downgrade | Outperform |
| 2022-05-06 | TD Research | Downgrade | Hold |
| 2022-05-06 | Morningstar | Maintains | Hold |
| 2022-04-25 | RBC Royalbank | Downgrade | Outperform |
| 2022-04-25 | STA Research | Downgrade | Buy |
| 2022-03-17 | Zacks Investment Research | Maintains | Hold |
| 2022-03-17 | Morningstar | Maintains | Hold |
| 2022-03-09 | Morningstar | Maintains | Buy |
| 2022-03-09 | STA Research | Upgrade | Strong Buy |
| 2022-02-17 | Deutsche Bank Capital | Downgrade | Hold |
| 2022-02-17 | RBC Royalbank | Upgrade | Outperform |
| 2022-02-17 | TD Research | Downgrade | Hold |
| 2022-02-17 | Morningstar | Maintains | Hold |
| 2022-02-17 | ATB Capital | Downgrade | |
| 2022-02-07 | RBC Royalbank | Downgrade | Outperform |
SHOPIFY INC - CLASS A / SHOP.CA FAQ
What is the average price target for SHOPIFY INC - CLASS A (SHOP.CA) stock?
56 analysts have analysed SHOP.CA and the average price target is 226.28 CAD. This implies a price decrease of -6.54% is expected in the next year compared to the current price of 242.12.
What is the consensus rating for SHOPIFY INC - CLASS A (SHOP.CA) stock?
The consensus rating for SHOPIFY INC - CLASS A (SHOP.CA) is 76.0714 / 100 . This indicates that analysts generally have a positive outlook on the stock.