Shopify Forecast, price target & analysts
Shopify Target price 2025 - Analyst rating & recommendation
Shopify Classifications & Recommendation:
Shopify Price Target
| Target Price | $183.60 |
| Price | $170.83 |
| Potential | 7.48% |
| Number of Estimates | 48 |
| 48 Analysts have issued a price target Shopify 2026 . The average Shopify target price is $183.60. This is 7.48% higher than the current stock price. The highest price target is $210.00 22.93% , the lowest is $116.15 32.01% . | |
| A rating was issued by 55 analysts: 37 Analysts recommend Shopify to buy, 17 to hold and 1 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 7.48% . 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 $11.7b . This is 9.40% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $12.2b 13.70% , the lowest is $11.1b 3.33% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | $8.9b | 25.78% |
|---|---|---|
| 2025 | $11.7b | 31.77% |
| 2026 | $14.5b | 23.71% |
| 2027 | $17.6b | 21.62% |
| 2028 | $21.2b | 20.50% |
| 2029 | $25.9b | 21.97% |
| 2030 | $31.2b | 20.50% |
| 2031 | $37.5b | 20.25% |
| 2032 | $44.7b | 19.27% |
41 Analysts have issued an Shopify EBITDA forecast 2025. The average Shopify EBITDA estimate is $2.0b . This is 50.68% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.2b 62.88% , the lowest is $1.8b 36.21% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | $1.1b | 9,258.33% |
|---|---|---|
| 2025 | $2.0b | 80.98% |
| 2026 | $2.6b | 33.18% |
| 2027 | $3.4b | 29.60% |
| 2028 | $5.1b | 49.40% |
| 2029 | $7.4b | 43.56% |
| 2030 | $9.7b | 31.98% |
EBITDA Margin
| 2024 | 12.38% | 7,381.29% |
|---|---|---|
| 2025 | 17.00% | 37.36% |
| 2026 | 18.30% | 7.65% |
| 2027 | 19.50% | 6.56% |
| 2028 | 24.18% | 24.00% |
| 2029 | 28.46% | 17.70% |
| 2030 | 31.17% | 9.52% |
47 Shopify Analysts have issued a net profit forecast 2025. The average Shopify net profit estimate is $1.9b . This is 7.98% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $2.2b 25.36% , the lowest is $1.6b 8.35% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | $2.0b | 1,418.05% |
|---|---|---|
| 2025 | $1.9b | 4.75% |
| 2026 | $2.4b | 26.51% |
| 2027 | $3.1b | 27.41% |
| 2028 | $3.7b | 19.46% |
| 2029 | $4.1b | 11.83% |
| 2030 | $5.1b | 21.96% |
| 2031 | $6.2b | 23.26% |
| 2032 | $7.4b | 18.12% |
Net Margin
| 2024 | 22.74% | 1,106.91% |
|---|---|---|
| 2025 | 16.44% | 27.69% |
| 2026 | 16.81% | 2.25% |
| 2027 | 17.61% | 4.76% |
| 2028 | 17.46% | 0.85% |
| 2029 | 16.01% | 8.30% |
| 2030 | 16.20% | 1.19% |
| 2031 | 16.60% | 2.47% |
| 2032 | 16.45% | 0.90% |
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 $1.48 . This is 9.63% higher than earnings per share in the financial year 2024. The highest EPS forecast is $1.72 27.41% , the lowest is $1.25 7.41% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | $1.55 | 1,450.00% |
|---|---|---|
| 2025 | $1.48 | 4.52% |
| 2026 | $1.87 | 26.35% |
| 2027 | $2.38 | 27.27% |
| 2028 | $2.85 | 19.75% |
| 2029 | $3.18 | 11.58% |
| 2030 | $3.88 | 22.01% |
| 2031 | $4.78 | 23.20% |
| 2032 | $5.65 | 18.20% |
P/E ratio
| Current | 126.54 | 21.95% |
|---|---|---|
| 2025 | 115.59 | 8.65% |
| 2026 | 91.37 | 20.95% |
| 2027 | 71.71 | 21.52% |
| 2028 | 60.03 | 16.29% |
| 2029 | 53.68 | 10.58% |
| 2030 | 44.02 | 18.00% |
| 2031 | 35.71 | 18.88% |
| 2032 | 30.23 | 15.35% |
Based on analysts' sales estimates for 2025, the Shopify stock is valued at an EV/Sales of 18.54 and an P/S ratio of 19.01 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 20.28 | 21.73% |
|---|---|---|
| 2025 | 18.54 | 8.57% |
| 2026 | 14.99 | 19.16% |
| 2027 | 12.32 | 17.77% |
| 2028 | 10.23 | 17.01% |
| 2029 | 8.39 | 18.01% |
| 2030 | 6.96 | 17.02% |
| 2031 | 5.79 | 16.84% |
| 2032 | 4.85 | 16.16% |
P/S ratio
| Current | 20.79 | 21.29% |
|---|---|---|
| 2025 | 19.01 | 8.59% |
| 2026 | 15.36 | 19.16% |
| 2027 | 12.63 | 17.77% |
| 2028 | 10.48 | 17.01% |
| 2029 | 8.60 | 18.01% |
| 2030 | 7.13 | 17.02% |
| 2031 | 5.93 | 16.84% |
| 2032 | 4.97 | 16.16% |
Current Shopify Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| Wells Fargo |
Overweight
➜
Overweight
|
Unchanged | Dec 17 2025 |
| DA Davidson |
Buy
➜
Buy
|
Unchanged | Nov 05 2025 |
| CIBC |
Outperformer
➜
Outperformer
|
Unchanged | Nov 05 2025 |
| Cantor Fitzgerald |
Neutral
➜
Neutral
|
Unchanged | Nov 05 2025 |
| Barclays |
Equal-Weight
➜
Equal-Weight
|
Unchanged | Nov 05 2025 |
| JP Morgan |
Overweight
➜
Overweight
|
Unchanged | Nov 05 2025 |
| BMO Capital |
Outperform
➜
Outperform
|
Unchanged | Nov 05 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
Wells Fargo:
Overweight
➜
Overweight
|
Dec 17 2025 |
|
Unchanged
DA Davidson:
Buy
➜
Buy
|
Nov 05 2025 |
|
Unchanged
CIBC:
Outperformer
➜
Outperformer
|
Nov 05 2025 |
|
Unchanged
Cantor Fitzgerald:
Neutral
➜
Neutral
|
Nov 05 2025 |
|
Unchanged
Barclays:
Equal-Weight
➜
Equal-Weight
|
Nov 05 2025 |
|
Unchanged
JP Morgan:
Overweight
➜
Overweight
|
Nov 05 2025 |
|
Unchanged
BMO Capital:
Outperform
➜
Outperform
|
Nov 05 2025 |
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