Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions - Simply Wall St (2024)

Table of Contents
Future criteria checks 4/6 Key information Recent future growth updates Recent updates Shopify: The Powerhouse Of Next-Generation Commerce Shopify: Multiple Compression Should Matter In Coming Years Shopify (NYSE:SHOP) Has A Rock Solid Balance Sheet Shopify Direct Sales Should Win As Amazon Shifts Toward 'Pay To Play' Model The Price Is Right For Shopify Inc. (NYSE:SHOP) Shopify: Aggressive Expansion Path Is Shopify Inc. (NYSE:SHOP) Expensive For A Reason? A Look At Its Intrinsic Value Shopify: Way Too Cheap For What's Coming Shopify (NYSE:SHOP) Is Looking To Continue Growing Its Returns On Capital Shopify: Disappointing Free Cash Flow Guidance, An Opportunity For Growth Investors Shopify Is Succeeding With Their Merchants Shopify: A Sanity Check Is Overdue (Rating Downgrade) Shopify: Strength Through Partnerships Shopify: It's Just Math, Decade Of Underperformance Ahead The 'New' Shopify Is Here Shopify: 3 Reasons To Buy In 2024 What You Can Learn From Shopify Inc.'s (NYSE:SHOP) P/S Shopify Is A Special Company Is Shopify (NYSE:SHOP) Using Debt In A Risky Way? Shopify As An Operating System For E-Commerce Shopify's Q3 Earnings Beat The Odds: Is The Stock Still Overpriced Or Worth Every Penny? Shopify: Financial Discipline Is Taking Hold Shopify: Riding High On Promising Future Growth Shopify: Bull Run Is Likely Over Shopify Will Weather Cyclical Headwinds With 3 Factors Reinforcing Its Strengthening Moat Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet? Shopify Can Surprise With Better Growth Trajectory Estimating The Intrinsic Value Of Shopify Inc. (NYSE:SHOP) Shopify: Soaring Profits With A 2-Pronged Approach Make No Mistake, Shopify's AI Opportunities Are Massive (Rating Upgrade) Revolutionary Q2 2023 Results Cement Shopify's Ecommerce Dominance Shopify Stock Is A Speculative Buy Before Earnings Shopify: The Rally Went Too Far Shopify: Living On Past Glory Shopify Inc.'s (NYSE:SHOP) Earnings Haven't Escaped The Attention Of Investors Shopify: Downgrading On Amazon Risks Shopify: Many Concerns Remain Is Shopify Stock A Buy, Sell, Or Hold After Going Up Over 50% This Year? Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet? Shopify's Powerful Expansion Beyond E-Commerce Shopify: Closing In On Amazon 1P Shopify Stock Q4 Earnings Preview: What To Watch For Shopify: Epic Recovery Possibly Ahead Shopify's Runway Ahead Shopify: Right Company At The Wrong Price Shopify Is Not Afraid To Take On Amazon Shopify: Industry Disruptor With 60%+ Margin Of Safety Shopify: Expansion Into Advertising Makes It A Buy Shopify: Time For A Pause - No Margin Of Safety Here Is Now The Time To Look At Buying Shopify Inc. (NYSE:SHOP)? Shopify Is Adjusting To A Challenging Landscape Shopify: Day Of Reckoning Is Way Past Shopify: Q3 Earnings Could Surprise The Bears Shopify: Down 80%, One Of My Largest Positions Shopify: The Central Operating System For Business Shopify hires new finance chief Earnings and Revenue Growth Forecasts Analyst Future Growth Forecasts Earnings per Share Growth Forecasts Future Return on Equity Discover growth companies

Future criteria checks 4/6

Shopify is forecast to grow earnings and revenue by 48.3% and 16.9% per annum respectively. EPS is expected to grow by 49.2% per annum. Return on equity is forecast to be 19.5% in 3 years.

Key information

48.3%

Earnings growth rate

49.2%

EPS growth rate

IT earnings growth16.8%
Revenue growth rate16.9%
Future return on equity19.5%
Analyst coverage

Good

Last updated22 May 2024

Recent future growth updates

Recent updates

Shopify: The Powerhouse Of Next-Generation Commerce

May 20

Shopify: Multiple Compression Should Matter In Coming Years

May 06

Shopify (NYSE:SHOP) Has A Rock Solid Balance Sheet

May 03

Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions - Simply Wall St (1)

Shopify Direct Sales Should Win As Amazon Shifts Toward 'Pay To Play' Model

Apr 29

The Price Is Right For Shopify Inc. (NYSE:SHOP)

Apr 02

Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions - Simply Wall St (2)

Shopify: Aggressive Expansion Path

Mar 25

Is Shopify Inc. (NYSE:SHOP) Expensive For A Reason? A Look At Its Intrinsic Value

Mar 18

Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions - Simply Wall St (3)

Shopify: Way Too Cheap For What's Coming

Mar 17

Shopify (NYSE:SHOP) Is Looking To Continue Growing Its Returns On Capital

Mar 03

Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions - Simply Wall St (4)

Shopify: Disappointing Free Cash Flow Guidance, An Opportunity For Growth Investors

Feb 23

Shopify Is Succeeding With Their Merchants

Feb 16

Shopify: A Sanity Check Is Overdue (Rating Downgrade)

Feb 07

Shopify: Strength Through Partnerships

Feb 01

The 'New' Shopify Is Here

Jan 09

Shopify: 3 Reasons To Buy In 2024

Jan 03

What You Can Learn From Shopify Inc.'s (NYSE:SHOP) P/S

Dec 31

Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions - Simply Wall St (5)

Shopify Is A Special Company

Dec 11

Is Shopify (NYSE:SHOP) Using Debt In A Risky Way?

Dec 10

Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions - Simply Wall St (6)

Shopify As An Operating System For E-Commerce

Dec 03

Shopify's Q3 Earnings Beat The Odds: Is The Stock Still Overpriced Or Worth Every Penny?

Nov 06

Shopify: Financial Discipline Is Taking Hold

Oct 31

Shopify: Riding High On Promising Future Growth

Oct 13

Shopify: Bull Run Is Likely Over

Sep 27

Shopify Will Weather Cyclical Headwinds With 3 Factors Reinforcing Its Strengthening Moat

Sep 12

Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?

Sep 11

Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions - Simply Wall St (7)

Shopify Can Surprise With Better Growth Trajectory

Aug 31

Estimating The Intrinsic Value Of Shopify Inc. (NYSE:SHOP)

Aug 21

Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions - Simply Wall St (8)

Shopify: Soaring Profits With A 2-Pronged Approach

Aug 19

Make No Mistake, Shopify's AI Opportunities Are Massive (Rating Upgrade)

Aug 13

Revolutionary Q2 2023 Results Cement Shopify's Ecommerce Dominance

Aug 04

Shopify Stock Is A Speculative Buy Before Earnings

Jul 25

Shopify: The Rally Went Too Far

Jul 13

Shopify: Living On Past Glory

Jul 07

Shopify Inc.'s (NYSE:SHOP) Earnings Haven't Escaped The Attention Of Investors

Jun 22

Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions - Simply Wall St (9)

Shopify: Downgrading On Amazon Risks

Jun 19

Is Shopify Stock A Buy, Sell, Or Hold After Going Up Over 50% This Year?

Jun 07

Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?

Feb 24

Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions - Simply Wall St (10)

Shopify's Powerful Expansion Beyond E-Commerce

Feb 22

Shopify: Closing In On Amazon 1P

Feb 16

Shopify Stock Q4 Earnings Preview: What To Watch For

Feb 10

Shopify: Epic Recovery Possibly Ahead

Jan 31

Shopify's Runway Ahead

Jan 23

Shopify: Right Company At The Wrong Price

Jan 17

Shopify Is Not Afraid To Take On Amazon

Jan 11

Shopify: Industry Disruptor With 60%+ Margin Of Safety

Dec 28

Shopify: Expansion Into Advertising Makes It A Buy

Dec 21

Shopify: Time For A Pause - No Margin Of Safety Here

Dec 10

Is Now The Time To Look At Buying Shopify Inc. (NYSE:SHOP)?

Nov 23

Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions - Simply Wall St (11)

Shopify Is Adjusting To A Challenging Landscape

Nov 02

Shopify: Day Of Reckoning Is Way Past

Oct 26

Shopify: Q3 Earnings Could Surprise The Bears

Oct 17

Shopify: Down 80%, One Of My Largest Positions

Oct 02

Shopify: The Central Operating System For Business

Sep 17

Shopify hires new finance chief

Sep 08

Earnings and Revenue Growth Forecasts

NYSE:SHOP - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202612,5971,8742,3042,40416
12/31/202510,2481,2101,6771,77945
12/31/20248,5384101,2421,26742
3/31/20247,413-2091,0511,082N/A
12/31/20237,060132905944N/A
9/30/20236,651-1,148549594N/A
6/30/20236,303-2,025125182N/A
3/31/20235,904-1,918-59-11N/A
12/31/20225,600-3,460-186-136N/A
9/30/20225,245-3,208-1058N/A
6/30/20225,003-1,901168234N/A
3/31/20224,827182313375N/A
12/31/20214,6122,915485536N/A
9/30/20214,2103,410458489N/A
6/30/20213,8532,452507537N/A
3/31/20213,4481,609615646N/A
12/31/20202,929320383425N/A
9/30/20202,457196183232N/A
6/30/20202,080-6758113N/A
3/31/20201,728-132-107-39N/A
12/31/20191,578-125871N/A
9/30/20191,417-127-3127N/A
6/30/20191,296-781060N/A
3/31/20191,179-73-636N/A
12/31/20181,073-65-329N/A
9/30/2018952-66-2619N/A
6/30/2018854-52-3110N/A
3/31/2018760-42-302N/A
12/31/2017673-40N/A8N/A
9/30/2017581-46N/A-4N/A
6/30/2017509-46N/A3N/A
3/31/2017444-40N/A17N/A
12/31/2016389-35N/A14N/A
9/30/2016329-33N/A12N/A
6/30/2016282-28N/A11N/A
3/31/2016241-23N/A12N/A
12/31/2015205-19N/A16N/A
9/30/2015170-17N/A15N/A
6/30/2015145-17N/A13N/A
3/31/2015124-20N/A4N/A
12/31/2014105-22N/A-1N/A
12/31/201350-5N/A1N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHOP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.4%).

Earnings vs Market: SHOP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SHOP is expected to become profitable in the next 3 years.

Revenue vs Market: SHOP's revenue (16.9% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: SHOP's revenue (16.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SHOP's Return on Equity is forecast to be low in 3 years time (19.5%).

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Shopify (NYSE:SHOP) Stock Forecast & Analyst Predictions  - Simply Wall St (2024)
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