$110.05
0.70% today
NYSE, Feb 28, 08:49 pm CET
ISIN
CA82509L1076
Symbol
SHOP

Shopify Target price 2025 - Analyst rating & recommendation

Shopify Classifications & Recommendation:

Buy
62%
Hold
31%
Sell
7%

Shopify Price Target

Target Price $133.48
Price $110.83
Potential
Number of Estimates 47
47 Analysts have issued a price target Shopify 2026 . The average Shopify target price is $133.48. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 55 analysts: 34 Analysts recommend Shopify to buy, 17 to hold and 4 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 . Most analysts recommend the Shopify stock at Purchase.

Sales and Margin forecast 2025, 2026 to 2029

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Quarter Annually
Dec '24 2025
Estimates
Revenue Billion $ 8.88 10.96
25.78% 23.47%
EBITDA Margin 15.78% 18.55%
609.46% 17.58%
Net Margin 22.60% 13.31%
1,132.32% 41.10%

45 Analysts have issued a sales forecast Shopify 2025 . The average Shopify sales estimate is

$11.0b
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. This is
23.47% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$11.8b 33.09%
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, the lowest is
$10.6b 19.10%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $8.9b 25.78%
2025
$11.0b 23.47%
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2026
$13.3b 21.27%
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2027
$16.5b 24.28%
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2028
$21.1b 27.95%
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2029
$23.6b 11.85%
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30 Analysts have issued an Shopify EBITDA forecast 2025. The average Shopify EBITDA estimate is

$2.0b
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. This is
51.10% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$2.4b 80.24%
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, the lowest is
$1.7b 29.57%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2024 $1.4b 792.36%
2025
$2.0b 45.17%
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2026
$2.7b 30.99%
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2027
$3.6b 35.33%
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2028
$4.2b 17.02%
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2029
$4.5b 7.13%
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EBITDA Margin

2024 15.78% 609.46%
2025
18.55% 17.58%
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2026
20.04% 8.03%
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2027
21.82% 8.88%
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2028
19.95% 8.57%
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2029
19.11% 4.21%
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22 Shopify Analysts have issued a net profit forecast 2025. The average Shopify net profit estimate is

$1.5b
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. This is
27.27% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$1.8b 12.78%
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, the lowest is
$1.1b 45.81%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2024 $2.0b 1,450.00%
2025
$1.5b 27.27%
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2026
$2.0b 35.46%
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2027
$2.8b 40.67%
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2028
$3.0b 7.54%
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2029
$3.9b 30.74%
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Net Margin

2024 22.60% 1,132.32%
2025
13.31% 41.10%
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2026
14.87% 11.72%
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2027
16.83% 13.18%
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2028
14.14% 15.98%
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2029
16.53% 16.90%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share $ 1.55 1.13
1,450.00% 27.10%
P/E 98.31
EV/Sales 12.66

22 Analysts have issued a Shopify forecast for earnings per share. The average Shopify <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.13
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. This is
27.10% lower
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than earnings per share in the financial year 2024. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.35 12.90%
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, the lowest is
$0.84 45.81%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2024 $1.55 1,450.00%
2025
$1.13 27.10%
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2026
$1.53 35.40%
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2027
$2.15 40.52%
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2028
$2.31 7.44%
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2029
$3.02 30.74%
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P/E ratio

Current 71.30 91.58%
2025
98.31 37.88%
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2026
72.57 26.18%
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2027
51.59 28.91%
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2028
47.98 7.00%
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2029
36.70 23.51%
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Based on analysts' sales estimates for 2025, the Shopify stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

12.66
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
13.06
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.

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 15.64 17.15%
2025
12.66 19.02%
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2026
10.44 17.54%
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2027
8.40 19.53%
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2028
6.57 21.84%
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2029
5.87 10.60%
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P/S ratio

Current 16.13 16.08%
2025
13.06 19.01%
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2026
10.77 17.54%
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2027
8.67 19.53%
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2028
6.77 21.84%
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2029
6.06 10.60%
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Current Shopify Upgrades & Downgrades Beta

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Analyst Rating Action Date
Jefferies Locked ➜ Locked Locked Feb 18 2025
Evercore ISI Group Locked ➜ Locked Locked Feb 12 2025
Cantor Fitzgerald Locked ➜ Locked Locked Feb 12 2025
Goldman Sachs Locked ➜ Locked Locked Feb 12 2025
Barclays Locked ➜ Locked Locked Feb 12 2025
JP Morgan Locked ➜ Locked Locked Feb 12 2025
Canaccord Genuity Locked ➜ Locked Locked Feb 12 2025
Analyst Rating Date
Locked
Jefferies: Locked ➜ Locked
Feb 18 2025
Locked
Evercore ISI Group: Locked ➜ Locked
Feb 12 2025
Locked
Cantor Fitzgerald: Locked ➜ Locked
Feb 12 2025
Locked
Goldman Sachs: Locked ➜ Locked
Feb 12 2025
Locked
Barclays: Locked ➜ Locked
Feb 12 2025
Locked
JP Morgan: Locked ➜ Locked
Feb 12 2025
Locked
Canaccord Genuity: Locked ➜ Locked
Feb 12 2025

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