Shopify Forecast, price target & analysts
Shopify Target price 2025 - Analyst rating & recommendation
Shopify Classifications & Recommendation:
Shopify Price Target
| Target Price | $163.20 |
| Price | $172.95 |
| Deviation | 5.64% |
| Number of Estimates | 48 |
| 48 Analysts have issued a price target Shopify 2026 . The average Shopify target price is $163.20. This is 5.64% lower than the current stock price. The highest price target is $204.75 18.39% , the lowest is $111.10 35.76% . | |
| A rating was issued by 56 analysts: 38 Analysts recommend Shopify to buy, 16 to hold and 2 to sell. | |
| Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis. | |
| Analyst Estimates: Analysts believe that the Shopify stock has an average upside potential 2026 of 5.64% . Most analysts recommend the Shopify stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2032
53 Analysts have issued a sales forecast Shopify 2025 . The average Shopify sales estimate is $11.5b . This is 14.71% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $12.0b 20.30% , the lowest is $10.7b 6.71% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | $8.9b | 25.78% |
|---|---|---|
| 2025 | $11.5b | 29.36% |
| 2026 | $14.1b | 22.31% |
| 2027 | $17.0b | 20.98% |
| 2028 | $20.6b | 21.47% |
| 2029 | $25.0b | 21.07% |
| 2030 | $30.0b | 20.06% |
| 2031 | $35.3b | 17.46% |
| 2032 | $41.8b | 18.54% |
40 Analysts have issued an Shopify EBITDA forecast 2025. The average Shopify EBITDA estimate is $1.9b . This is 54.97% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.3b 80.91% , the lowest is $1.6b 29.20% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | $1.1b | 9,258.33% |
|---|---|---|
| 2025 | $1.9b | 77.25% |
| 2026 | $2.6b | 32.60% |
| 2027 | $3.5b | 35.54% |
| 2028 | $5.2b | 48.93% |
| 2029 | $7.5b | 44.11% |
| 2030 | $9.8b | 30.12% |
EBITDA Margin
| 2024 | 12.38% | 7,381.29% |
|---|---|---|
| 2025 | 16.96% | 37.04% |
| 2026 | 18.38% | 8.37% |
| 2027 | 20.60% | 12.08% |
| 2028 | 25.25% | 22.57% |
| 2029 | 30.06% | 19.05% |
| 2030 | 32.58% | 8.38% |
48 Shopify Analysts have issued a net profit forecast 2025. The average Shopify net profit estimate is $1.9b . This is 19.38% lower than the net profit for the last 12 months(TTM). The highest net profit forecast is $2.2b 6.79% , the lowest is $1.1b 52.76% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | $2.0b | 1,418.05% |
|---|---|---|
| 2025 | $1.9b | 6.36% |
| 2026 | $2.4b | 26.79% |
| 2027 | $3.1b | 28.23% |
| 2028 | $3.7b | 20.15% |
| 2029 | $4.1b | 11.24% |
| 2030 | $5.0b | 22.10% |
| 2031 | $6.1b | 21.00% |
| 2032 | $7.3b | 20.96% |
Net Margin
| 2024 | 22.74% | 1,106.91% |
|---|---|---|
| 2025 | 16.46% | 27.61% |
| 2026 | 17.06% | 3.65% |
| 2027 | 18.08% | 5.98% |
| 2028 | 17.89% | 1.05% |
| 2029 | 16.44% | 8.11% |
| 2030 | 16.71% | 1.64% |
| 2031 | 17.22% | 3.05% |
| 2032 | 17.57% | 2.03% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032
48 Analysts have issued a Shopify forecast for earnings per share. The average Shopify EPS is $1.46 . This is 18.44% lower than earnings per share in the financial year 2024. The highest EPS forecast is $1.68 6.15% , the lowest is $0.85 52.51% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | $1.55 | 1,450.00% |
|---|---|---|
| 2025 | $1.46 | 5.81% |
| 2026 | $1.84 | 26.03% |
| 2027 | $2.37 | 28.80% |
| 2028 | $2.84 | 19.83% |
| 2029 | $3.16 | 11.27% |
| 2030 | $3.86 | 22.15% |
| 2031 | $4.67 | 20.98% |
| 2032 | $5.65 | 20.99% |
P/E ratio
| Current | 96.62 | 22.70% |
|---|---|---|
| 2025 | 118.86 | 23.02% |
| 2026 | 93.74 | 21.13% |
| 2027 | 73.11 | 22.01% |
| 2028 | 60.85 | 16.77% |
| 2029 | 54.70 | 10.11% |
| 2030 | 44.80 | 18.10% |
| 2031 | 37.02 | 17.37% |
| 2032 | 30.61 | 17.31% |
Based on analysts' sales estimates for 2025, the Shopify stock is valued at an EV/Sales of 19.14 and an P/S ratio of 19.57 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 21.96 | 75.40% |
|---|---|---|
| 2025 | 19.14 | 12.83% |
| 2026 | 15.65 | 18.24% |
| 2027 | 12.94 | 17.34% |
| 2028 | 10.65 | 17.67% |
| 2029 | 8.80 | 17.40% |
| 2030 | 7.33 | 16.71% |
| 2031 | 6.24 | 14.86% |
| 2032 | 5.26 | 15.64% |
P/S ratio
| Current | 22.45 | 72.60% |
|---|---|---|
| 2025 | 19.57 | 12.82% |
| 2026 | 16.00 | 18.24% |
| 2027 | 13.22 | 17.34% |
| 2028 | 10.89 | 17.67% |
| 2029 | 8.99 | 17.40% |
| 2030 | 7.49 | 16.71% |
| 2031 | 6.38 | 14.86% |
| 2032 | 5.38 | 15.64% |
Current Shopify Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| RBC Capital |
Outperform
➜
Outperform
|
Unchanged | Oct 17 2025 |
| TD Securities |
Hold
➜
Hold
|
Unchanged | Oct 03 2025 |
| TD Cowen |
➜
Hold
|
Unchanged | Oct 03 2025 |
| Evercore ISI Group |
Outperform
➜
Outperform
|
Unchanged | Aug 08 2025 |
| Citigroup |
Buy
➜
Buy
|
Unchanged | Aug 08 2025 |
| Goldman Sachs |
Buy
➜
Buy
|
Unchanged | Aug 07 2025 |
| Canaccord Genuity |
Buy
➜
Buy
|
Unchanged | Aug 07 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
RBC Capital:
Outperform
➜
Outperform
|
Oct 17 2025 |
|
Unchanged
TD Securities:
Hold
➜
Hold
|
Oct 03 2025 |
|
Unchanged
TD Cowen:
➜
Hold
|
Oct 03 2025 |
|
Unchanged
Evercore ISI Group:
Outperform
➜
Outperform
|
Aug 08 2025 |
|
Unchanged
Citigroup:
Buy
➜
Buy
|
Aug 08 2025 |
|
Unchanged
Goldman Sachs:
Buy
➜
Buy
|
Aug 07 2025 |
|
Unchanged
Canaccord Genuity:
Buy
➜
Buy
|
Aug 07 2025 |
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