$95.01
4.45% yesterday
NYSE, Apr 24, 09:49 pm CET
ISIN
CA82509L1076
Symbol
SHOP

Shopify Target price 2025 - Analyst rating & recommendation

Shopify Classifications & Recommendation:

Buy
63%
Hold
31%
Sell
6%

Shopify Price Target

Target Price $120.52
Price $95.12
Potential
Number of Estimates 46
46 Analysts have issued a price target Shopify 2026 . The average Shopify target price is $120.52. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 54 analysts: 34 Analysts recommend Shopify to buy, 17 to hold and 3 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 10.84
25.78% 22.10%
EBITDA Margin 15.78% 18.38%
609.46% 16.50%
Net Margin 22.60% 13.47%
1,132.32% 40.39%

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

$10.8b
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. This is
22.10% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$11.3b 26.94%
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, the lowest is
$10.3b 15.84%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 $8.9b 25.78%
2025
$10.8b 22.10%
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2026
$13.1b 20.77%
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2027
$16.3b 24.50%
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2028
$19.8b 21.58%
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2029
$23.6b 19.18%
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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
48.09% 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 42.28%
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2026
$2.6b 31.77%
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2027
$3.8b 42.91%
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2028
$4.3b 13.85%
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2029
$4.5b 5.77%
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EBITDA Margin

2024 15.78% 609.46%
2025
18.38% 16.50%
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2026
20.06% 9.14%
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2027
23.03% 14.81%
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2028
21.56% 6.38%
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2029
19.14% 11.22%
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24 Shopify Analysts have issued a net profit forecast 2025. The average Shopify net profit estimate is

$1.5b
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. This is
27.24% 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 27.24%
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2026
$1.9b 31.56%
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2027
$2.8b 44.67%
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2028
$3.0b 7.62%
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2029
$3.9b 30.74%
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Net Margin

2024 22.60% 1,132.32%
2025
13.47% 40.39%
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2026
14.67% 8.91%
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2027
17.05% 16.22%
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2028
15.09% 11.50%
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2029
16.55% 9.68%
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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 84.34
EV/Sales 10.96

24 Analysts have issued a Shopify forecast for earnings per share. The average Shopify 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 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
$1.48 30.97%
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2027
$2.15 45.27%
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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 61.19 92.10%
2025
84.34 37.83%
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2026
64.11 23.99%
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2027
44.32 30.87%
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2028
41.18 7.08%
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2029
31.50 23.51%
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Based on analysts' sales estimates for 2025, the Shopify stock is valued at an EV/Sales of

10.96
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and an P/S ratio of
11.36
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.

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

EV/Sales

Current 13.38 10.03%
2025
10.96 18.10%
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2026
9.07 17.20%
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2027
7.29 19.68%
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2028
5.99 17.75%
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2029
5.03 16.09%
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P/S ratio

Current 13.87 9.19%
2025
11.36 18.10%
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2026
9.41 17.20%
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2027
7.56 19.68%
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2028
6.21 17.75%
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2029
5.21 16.09%
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Current Shopify Upgrades & Downgrades

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Analyst Rating Action Date
Keybanc
Locked
Locked
Locked Apr 23 2025
Goldman Sachs
Locked
Locked
Locked Apr 22 2025
RBC Capital
Locked
Locked
Locked Apr 17 2025
Loop Capital
Locked
Locked
Locked Apr 16 2025
Morgan Stanley
Locked
Locked
Locked Apr 16 2025
Cantor Fitzgerald
Locked
Locked
Locked Apr 16 2025
Mizuho
Locked
Locked
Locked Apr 15 2025
Analyst Rating Date
Locked
Keybanc:
Locked
Locked
Apr 23 2025
Locked
Goldman Sachs:
Locked
Locked
Apr 22 2025
Locked
RBC Capital:
Locked
Locked
Apr 17 2025
Locked
Loop Capital:
Locked
Locked
Apr 16 2025
Locked
Morgan Stanley:
Locked
Locked
Apr 16 2025
Locked
Cantor Fitzgerald:
Locked
Locked
Apr 16 2025
Locked
Mizuho:
Locked
Locked
Apr 15 2025

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