$172.95
3.54%
NYSE, Oct 24, 10:12 pm CET
ISIN
CA82509L1076
Symbol
SHOP

Shopify Target price 2025 - Analyst rating & recommendation

Shopify Classifications & Recommendation:

Buy
68%
Hold
29%
Sell
4%

Shopify Price Target

Target Price $163.20
Price $172.95
Deviation 5.64%
Number of Estimates 48
48 Analysts have issued a price target Shopify 2026 . The average Shopify target price is $163.20. This is 5.64% lower than the current stock price. The highest price target is $204.75 18.39% , the lowest is $111.10 35.76% .
A rating was issued by 56 analysts: 38 Analysts recommend Shopify to buy, 16 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 5.64% . Most analysts recommend the Shopify stock at Purchase.

Sales and Margin forecast 2025, 2026 to 2032


Dec '24 2025
Estimates
Revenue Billion $ 8.88 11.49
25.78% 29.36%
EBITDA Margin 12.38% 16.96%
7,381.29% 37.04%
Net Margin 22.74% 16.46%
1,106.91% 27.61%

53 Analysts have issued a sales forecast Shopify 2025 . The average Shopify sales estimate is $11.5b . This is 14.71% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $12.0b 20.30% , the lowest is $10.7b 6.71% .

This results in the following potential growth metrics:

Revenue Estimates

2024 $8.9b 25.78%
2025 $11.5b 29.36%
2026 $14.1b 22.31%
2027 $17.0b 20.98%
2028 $20.6b 21.47%
2029 $25.0b 21.07%
2030 $30.0b 20.06%
2031 $35.3b 17.46%
2032 $41.8b 18.54%

40 Analysts have issued an Shopify EBITDA forecast 2025. The average Shopify EBITDA estimate is $1.9b . This is 54.97% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.3b 80.91% , the lowest is $1.6b 29.20% .

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

EBITDA Estimates

2024 $1.1b 9,258.33%
2025 $1.9b 77.25%
2026 $2.6b 32.60%
2027 $3.5b 35.54%
2028 $5.2b 48.93%
2029 $7.5b 44.11%
2030 $9.8b 30.12%

EBITDA Margin

2024 12.38% 7,381.29%
2025 16.96% 37.04%
2026 18.38% 8.37%
2027 20.60% 12.08%
2028 25.25% 22.57%
2029 30.06% 19.05%
2030 32.58% 8.38%

48 Shopify Analysts have issued a net profit forecast 2025. The average Shopify net profit estimate is $1.9b . This is 19.38% lower than the net profit for the last 12 months(TTM). The highest net profit forecast is $2.2b 6.79% , the lowest is $1.1b 52.76% .

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

Net Profit Estimates

2024 $2.0b 1,418.05%
2025 $1.9b 6.36%
2026 $2.4b 26.79%
2027 $3.1b 28.23%
2028 $3.7b 20.15%
2029 $4.1b 11.24%
2030 $5.0b 22.10%
2031 $6.1b 21.00%
2032 $7.3b 20.96%

Net Margin

2024 22.74% 1,106.91%
2025 16.46% 27.61%
2026 17.06% 3.65%
2027 18.08% 5.98%
2028 17.89% 1.05%
2029 16.44% 8.11%
2030 16.71% 1.64%
2031 17.22% 3.05%
2032 17.57% 2.03%

Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032


Dec '24 2025
Estimates
Earnings Per Share $ 1.55 1.46
1,450.00% 5.81%
P/E 118.86
EV/Sales 19.14

48 Analysts have issued a Shopify forecast for earnings per share. The average Shopify EPS is $1.46 . This is 18.44% lower than earnings per share in the financial year 2024. The highest EPS forecast is $1.68 6.15% , the lowest is $0.85 52.51% .

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

Earnings Per Share

2024 $1.55 1,450.00%
2025 $1.46 5.81%
2026 $1.84 26.03%
2027 $2.37 28.80%
2028 $2.84 19.83%
2029 $3.16 11.27%
2030 $3.86 22.15%
2031 $4.67 20.98%
2032 $5.65 20.99%

P/E ratio

Current 96.62 22.70%
2025 118.86 23.02%
2026 93.74 21.13%
2027 73.11 22.01%
2028 60.85 16.77%
2029 54.70 10.11%
2030 44.80 18.10%
2031 37.02 17.37%
2032 30.61 17.31%

Based on analysts' sales estimates for 2025, the Shopify stock is valued at an EV/Sales of 19.14 and an P/S ratio of 19.57 .

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

EV/Sales

Current 21.96 75.40%
2025 19.14 12.83%
2026 15.65 18.24%
2027 12.94 17.34%
2028 10.65 17.67%
2029 8.80 17.40%
2030 7.33 16.71%
2031 6.24 14.86%
2032 5.26 15.64%

P/S ratio

Current 22.45 72.60%
2025 19.57 12.82%
2026 16.00 18.24%
2027 13.22 17.34%
2028 10.89 17.67%
2029 8.99 17.40%
2030 7.49 16.71%
2031 6.38 14.86%
2032 5.38 15.64%

Current Shopify Upgrades & Downgrades

Analyst Rating Action Date
RBC Capital
Outperform
Outperform
Unchanged Oct 17 2025
TD Securities
Hold
Hold
Unchanged Oct 03 2025
TD Cowen
Hold
Unchanged Oct 03 2025
Evercore ISI Group
Outperform
Outperform
Unchanged Aug 08 2025
Citigroup
Buy
Buy
Unchanged Aug 08 2025
Goldman Sachs
Buy
Buy
Unchanged Aug 07 2025
Canaccord Genuity
Buy
Buy
Unchanged Aug 07 2025
Analyst Rating Date
Unchanged
RBC Capital:
Outperform
Outperform
Oct 17 2025
Unchanged
TD Securities:
Hold
Hold
Oct 03 2025
Unchanged
TD Cowen:
Hold
Oct 03 2025
Unchanged
Evercore ISI Group:
Outperform
Outperform
Aug 08 2025
Unchanged
Citigroup:
Buy
Buy
Aug 08 2025
Unchanged
Goldman Sachs:
Buy
Buy
Aug 07 2025
Unchanged
Canaccord Genuity:
Buy
Buy
Aug 07 2025

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