$106.69
1.38% yesterday
NYSE, Dec 30, 10:07 pm CET
ISIN
CA82509L1076
Symbol
SHOP

Shopify Target price 2024 - Analyst rating & recommendation

Shopify Classifications & Recommendation:

Buy
59%
Hold
39%
Sell
2%

Shopify Price Target

Target Price $121.54
Price $106.69
Potential
Number of Estimates 42
42 Analysts have issued a price target Shopify 2025 . The average Shopify target price is $121.54. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 51 analysts: 30 Analysts recommend Shopify to buy, 20 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 2025 of . Most analysts recommend the Shopify stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

Create a premium account to unlock analyst estimates. Learn more

Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 7.06 8.80
26.07% 24.59%
EBITDA Margin 2.22% 16.94%
121.71% 661.76%
Net Margin 1.83% 13.25%
102.91% 624.18%

42 Analysts have issued a sales forecast Shopify 2024 . The average Shopify sales estimate is

$8.8b
Unlock
. This is
7.12% higher
Unlock
than the revenue of the last 12 months(TTM). The highest sales forecast is
$8.9b 8.14%
Unlock
, the lowest is
$8.7b 6.48%
Unlock
.

This results in the following potential growth metrics:

Revenue Estimates

2023 $7.1b 26.07%
2024
$8.8b 24.59%
Unlock
2025
$10.8b 23.30%
Unlock
2026
$13.1b 21.04%
Unlock
2027
$17.6b 33.83%
Unlock
2028
$22.3b 26.78%
Unlock

26 Analysts have issued an Shopify EBITDA forecast 2024. The average Shopify EBITDA estimate is

$1.5b
Unlock
. This is
48.88% higher
Unlock
than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$1.6b 55.44%
Unlock
, the lowest is
$1.4b 42.96%
Unlock
.

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

EBITDA Estimates

2023 $157m 127.37%
2024
$1.5b 849.26%
Unlock
2025
$2.0b 37.05%
Unlock
2026
$2.7b 30.92%
Unlock
2027
$3.6b 34.23%
Unlock
2028
$4.2b 15.82%
Unlock

EBITDA Margin

2023 2.22% 121.71%
2024
16.94% 661.76%
Unlock
2025
18.83% 11.16%
Unlock
2026
20.37% 8.18%
Unlock
2027
20.43% 0.29%
Unlock
2028
18.67% 8.61%
Unlock

20 Shopify Analysts have issued a net profit forecast 2024. The average Shopify net profit estimate is

$1.2b
Unlock
. This is
14.90% lower
Unlock
than the net profit for the last 12 months(TTM). The highest net profit forecast is
$1.2b 8.75%
Unlock
, the lowest is
$1.1b 21.70%
Unlock
.

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

Net Profit Estimates

2023 $129m 103.66%
2024
$1.2b 802.01%
Unlock
2025
$1.5b 29.33%
Unlock
2026
$2.0b 29.94%
Unlock
2027
$2.9b 47.11%
Unlock
2028
$3.2b 11.66%
Unlock

Net Margin

2023 1.83% 102.91%
2024
13.25% 624.18%
Unlock
2025
13.89% 4.83%
Unlock
2026
14.92% 7.42%
Unlock
2027
16.40% 9.92%
Unlock
2028
14.44% 11.95%
Unlock

Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

Create a premium account to unlock analyst estimates. Learn more

Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.10 0.90
103.66% 800.00%
P/E 119.93
EV/Sales 15.46

20 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

$0.90
Unlock
. This is
15.09% lower
Unlock
than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.97 8.49%
Unlock
, the lowest is
$0.83 21.70%
Unlock
.

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

Earnings Per Share

2023 $0.10 103.66%
2024
$0.90 800.00%
Unlock
2025
$1.17 30.00%
Unlock
2026
$1.52 29.91%
Unlock
2027
$2.23 46.71%
Unlock
2028
$2.49 11.66%
Unlock

P/E ratio

Current 101.79 220.16%
2024
119.93 17.82%
Unlock
2025
92.73 22.68%
Unlock
2026
71.36 23.05%
Unlock
2027
48.51 32.02%
Unlock
2028
43.45 10.43%
Unlock

Based on analysts' sales estimates for 2024, the Shopify stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

15.46
Unlock
and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
15.89
Unlock
.

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

EV/Sales

Current 16.56 16.05%
2024
15.46 6.62%
Unlock
2025
12.54 18.90%
Unlock
2026
10.36 17.38%
Unlock
2027
7.74 25.28%
Unlock
2028
6.11 21.12%
Unlock

P/S ratio

Current 17.02 14.69%
2024
15.89 6.64%
Unlock
2025
12.89 18.90%
Unlock
2026
10.65 17.38%
Unlock
2027
7.96 25.28%
Unlock
2028
6.28 21.12%
Unlock

Register for Free

StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.

The Apple stock at a glance with charts, current key metrics, news and stock analyses.
The Best Dividend Stocks in the Dividend Top Scorer list.
Stock Analyses of the Best Stocks Worldwide.
Start building wealth today