Shopify Forecast, price target & analysts
Shopify Target price 2025 - Analyst rating & recommendation
Shopify Classifications & Recommendation:
Shopify Price Target
| Target Price | $117.30 |
| Price | $115.35 |
| Potential | 1.69% |
| Number of Estimates | 47 |
| 47 Analysts have issued a price target Shopify 2026 . The average Shopify target price is $117.30. This is 1.69% higher than the current stock price. The highest price target is $141.75 22.89% , the lowest is $85.85 25.57% . | |
| A rating was issued by 55 analysts: 39 Analysts recommend Shopify to buy, 14 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 1.69% . Most analysts recommend the Shopify stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2032
51 Analysts have issued a sales forecast Shopify 2025 . The average Shopify sales estimate is $11.1b . This is 18.37% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $11.7b 24.70% , the lowest is $10.5b 11.62% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | $8.9b | 25.78% |
|---|---|---|
| 2025 | $11.1b | 25.02% |
| 2026 | $13.3b | 19.88% |
| 2027 | $15.9b | 19.63% |
| 2028 | $19.8b | 24.61% |
| 2029 | $23.7b | 19.21% |
| 2030 | $28.1b | 18.85% |
| 2031 | $32.7b | 16.46% |
| 2032 | $38.4b | 17.34% |
39 Analysts have issued an Shopify EBITDA forecast 2025. The average Shopify EBITDA estimate is $1.9b . This is 60.70% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.2b 80.18% , the lowest is $1.7b 45.15% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | $1.1b | 9,258.33% |
|---|---|---|
| 2025 | $1.9b | 74.89% |
| 2026 | $2.5b | 28.15% |
| 2027 | $3.4b | 36.18% |
| 2028 | $4.8b | 42.19% |
| 2029 | $4.2b | 11.97% |
EBITDA Margin
| 2024 | 12.38% | 7,381.29% |
|---|---|---|
| 2025 | 17.31% | 39.87% |
| 2026 | 18.51% | 6.93% |
| 2027 | 21.07% | 13.83% |
| 2028 | 24.04% | 14.10% |
47 Shopify Analysts have issued a net profit forecast 2025. The average Shopify net profit estimate is $1.9b . This is 15.65% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $2.2b 37.04% , the lowest is $1.3b 16.31% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | $2.0b | 1,418.05% |
|---|---|---|
| 2025 | $1.9b | 7.78% |
| 2026 | $2.4b | 26.88% |
| 2027 | $3.1b | 30.40% |
| 2028 | $3.6b | 17.39% |
| 2029 | $3.9b | 9.21% |
| 2030 | $4.8b | 21.27% |
| 2031 | $5.8b | 20.17% |
| 2032 | $6.7b | 16.55% |
Net Margin
| 2024 | 22.74% | 1,106.91% |
|---|---|---|
| 2025 | 16.77% | 26.24% |
| 2026 | 17.75% | 5.84% |
| 2027 | 19.35% | 9.01% |
| 2028 | 18.23% | 5.79% |
| 2029 | 16.70% | 8.39% |
| 2030 | 17.04% | 2.04% |
| 2031 | 17.58% | 3.17% |
| 2032 | 17.46% | 0.68% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032
47 Analysts have issued a Shopify forecast for earnings per share. The average Shopify EPS is $1.44 . This is 17.07% higher than earnings per share in the financial year 2024. The highest EPS forecast is $1.70 38.21% , the lowest is $1.04 15.45% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | $1.55 | 1,450.00% |
|---|---|---|
| 2025 | $1.44 | 7.10% |
| 2026 | $1.82 | 26.39% |
| 2027 | $2.38 | 30.77% |
| 2028 | $2.79 | 17.23% |
| 2029 | $3.04 | 8.96% |
| 2030 | $3.69 | 21.38% |
| 2031 | $4.44 | 20.33% |
| 2032 | $5.17 | 16.44% |
P/E ratio
| Current | 93.78 | 122.72% |
|---|---|---|
| 2025 | 80.35 | 14.32% |
| 2026 | 63.33 | 21.18% |
| 2027 | 48.57 | 23.31% |
| 2028 | 41.37 | 14.82% |
| 2029 | 37.89 | 8.41% |
| 2030 | 31.24 | 17.55% |
| 2031 | 26.00 | 16.77% |
| 2032 | 22.31 | 14.19% |
Based on analysts' sales estimates for 2025, the Shopify stock is valued at an EV/Sales of 13.07 and an P/S ratio of 13.48 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 15.47 | 41.80% |
|---|---|---|
| 2025 | 13.07 | 15.54% |
| 2026 | 10.90 | 16.58% |
| 2027 | 9.11 | 16.41% |
| 2028 | 7.31 | 19.75% |
| 2029 | 6.13 | 16.12% |
| 2030 | 5.16 | 15.86% |
| 2031 | 4.43 | 14.13% |
| 2032 | 3.78 | 14.77% |
P/S ratio
| Current | 15.96 | 38.96% |
|---|---|---|
| 2025 | 13.48 | 15.52% |
| 2026 | 11.24 | 16.58% |
| 2027 | 9.40 | 16.41% |
| 2028 | 7.54 | 19.75% |
| 2029 | 6.33 | 16.12% |
| 2030 | 5.32 | 15.86% |
| 2031 | 4.57 | 14.13% |
| 2032 | 3.90 | 14.77% |
Current Shopify Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| DA Davidson |
Buy
➜
Buy
|
Unchanged | Jun 16 2025 |
| Cantor Fitzgerald |
Neutral
➜
Neutral
|
Unchanged | Jun 11 2025 |
| Wells Fargo |
Overweight
➜
Overweight
|
Unchanged | Jun 06 2025 |
| JP Morgan |
Overweight
➜
Overweight
|
Unchanged | May 09 2025 |
| UBS |
Neutral
➜
Neutral
|
Unchanged | May 09 2025 |
| Morgan Stanley |
Overweight
➜
Overweight
|
Unchanged | May 09 2025 |
| Barclays |
Equal-Weight
➜
Equal-Weight
|
Unchanged | May 09 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
DA Davidson:
Buy
➜
Buy
|
Jun 16 2025 |
|
Unchanged
Cantor Fitzgerald:
Neutral
➜
Neutral
|
Jun 11 2025 |
|
Unchanged
Wells Fargo:
Overweight
➜
Overweight
|
Jun 06 2025 |
|
Unchanged
JP Morgan:
Overweight
➜
Overweight
|
May 09 2025 |
|
Unchanged
UBS:
Neutral
➜
Neutral
|
May 09 2025 |
|
Unchanged
Morgan Stanley:
Overweight
➜
Overweight
|
May 09 2025 |
|
Unchanged
Barclays:
Equal-Weight
➜
Equal-Weight
|
May 09 2025 |
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