Shopify Forecast, price target & analysts
Shopify Target price 2025 - Analyst rating & recommendation
Shopify Classifications & Recommendation:
Shopify Price Target
| Target Price | $118.83 |
| Price | $124.43 |
| Deviation | 4.50% |
| Number of Estimates | 48 |
| 48 Analysts have issued a price target Shopify 2026 . The average Shopify target price is $118.83. This is 4.50% lower than the current stock price. The highest price target is $141.75 13.92% , the lowest is $85.85 31.01% . | |
| 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 4.50% . 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 18.38% 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 | 25.03% |
| 2026 | $13.3b | 19.89% |
| 2027 | $15.9b | 19.64% |
| 2028 | $19.8b | 24.58% |
| 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 | 18.50% | 6.87% |
| 2027 | 21.06% | 13.84% |
| 2028 | 24.04% | 14.15% |
47 Shopify Analysts have issued a net profit forecast 2025. The average Shopify net profit estimate is $1.9b . This is 15.69% 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 | 7.75% |
| 2026 | $2.4b | 26.89% |
| 2027 | $3.1b | 30.43% |
| 2028 | $3.6b | 17.31% |
| 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 | 16.78% | 26.20% |
| 2026 | 17.76% | 5.84% |
| 2027 | 19.36% | 9.01% |
| 2028 | 18.23% | 5.84% |
| 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 | 101.16 | 56.97% |
|---|---|---|
| 2025 | 86.65 | 14.35% |
| 2026 | 68.29 | 21.19% |
| 2027 | 52.36 | 23.33% |
| 2028 | 44.63 | 14.76% |
| 2029 | 40.87 | 8.42% |
| 2030 | 33.70 | 17.54% |
| 2031 | 28.04 | 16.80% |
| 2032 | 24.06 | 14.19% |
Based on analysts' sales estimates for 2025, the Shopify stock is valued at an EV/Sales of 14.13 and an P/S ratio of 14.54 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 16.72 | 67.87% |
|---|---|---|
| 2025 | 14.13 | 15.52% |
| 2026 | 11.78 | 16.59% |
| 2027 | 9.85 | 16.41% |
| 2028 | 7.91 | 19.73% |
| 2029 | 6.63 | 16.12% |
| 2030 | 5.58 | 15.86% |
| 2031 | 4.79 | 14.13% |
| 2032 | 4.08 | 14.78% |
P/S ratio
| Current | 17.21 | 64.04% |
|---|---|---|
| 2025 | 14.54 | 15.53% |
| 2026 | 12.13 | 16.59% |
| 2027 | 10.14 | 16.41% |
| 2028 | 8.14 | 19.73% |
| 2029 | 6.83 | 16.12% |
| 2030 | 5.74 | 15.86% |
| 2031 | 4.93 | 14.13% |
| 2032 | 4.20 | 14.77% |
Current Shopify Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| Keybanc |
Overweight
➜
Overweight
|
Unchanged | Jul 22 2025 |
| Loop Capital |
Buy
➜
Hold
|
Downgrade | Jul 22 2025 |
| CIBC |
Outperformer
➜
Outperformer
|
Unchanged | Jul 18 2025 |
| Stifel |
Hold
➜
Hold
|
Unchanged | Jul 15 2025 |
| Baird |
Outperform
➜
Outperform
|
Unchanged | Jul 14 2025 |
| Needham |
➜
Buy
|
Initiated | Jul 14 2025 |
| DA Davidson |
Buy
➜
Buy
|
Unchanged | Jun 16 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
Keybanc:
Overweight
➜
Overweight
|
Jul 22 2025 |
|
Downgrade
Loop Capital:
Buy
➜
Hold
|
Jul 22 2025 |
|
Unchanged
CIBC:
Outperformer
➜
Outperformer
|
Jul 18 2025 |
|
Unchanged
Stifel:
Hold
➜
Hold
|
Jul 15 2025 |
|
Unchanged
Baird:
Outperform
➜
Outperform
|
Jul 14 2025 |
|
Initiated
Needham:
➜
Buy
|
Jul 14 2025 |
|
Unchanged
DA Davidson:
Buy
➜
Buy
|
Jun 16 2025 |
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