Shopify Forecast, price target & analysts
Shopify Target price 2025 - Analyst rating & recommendation
Shopify Classifications & Recommendation:
Shopify Price Target
| Target Price | $122.40 |
| Price | $136.68 |
| Deviation | 10.45% |
| Number of Estimates | 48 |
| 48 Analysts have issued a price target Shopify 2026 . The average Shopify target price is $122.40. This is 10.45% lower than the current stock price. The highest price target is $162.75 19.07% , the lowest is $85.85 37.19% . | |
| A rating was issued by 56 analysts: 39 Analysts recommend Shopify to buy, 16 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 10.45% . Most analysts recommend the Shopify stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2032
52 Analysts have issued a sales forecast Shopify 2025 . The average Shopify sales estimate is $11.1b . This is 11.00% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $11.8b 17.39% , the lowest is $10.5b 4.54% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | $8.9b | 25.78% |
|---|---|---|
| 2025 | $11.1b | 25.18% |
| 2026 | $13.3b | 20.06% |
| 2027 | $16.0b | 20.12% |
| 2028 | $19.8b | 23.76% |
| 2029 | $23.7b | 19.21% |
| 2030 | $28.1b | 18.85% |
| 2031 | $32.7b | 16.46% |
| 2032 | $38.4b | 17.34% |
40 Analysts have issued an Shopify EBITDA forecast 2025. The average Shopify EBITDA estimate is $1.9b . This is 52.35% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.2b 71.44% , the lowest is $1.7b 32.94% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | $1.1b | 9,258.33% |
|---|---|---|
| 2025 | $1.9b | 74.25% |
| 2026 | $2.5b | 30.18% |
| 2027 | $3.5b | 38.99% |
| 2028 | $4.8b | 37.63% |
| 2029 | $7.5b | 57.56% |
| 2030 | $9.8b | 30.12% |
EBITDA Margin
| 2024 | 12.38% | 7,381.29% |
|---|---|---|
| 2025 | 17.23% | 39.22% |
| 2026 | 18.68% | 8.42% |
| 2027 | 21.61% | 15.69% |
| 2028 | 24.04% | 11.24% |
47 Shopify Analysts have issued a net profit forecast 2025. The average Shopify net profit estimate is $1.9b . This is 20.43% lower than the net profit for the last 12 months(TTM). The highest net profit forecast is $2.2b 5.75% , the lowest is $1.3b 42.44% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | $2.0b | 1,418.05% |
|---|---|---|
| 2025 | $1.9b | 7.58% |
| 2026 | $2.4b | 26.89% |
| 2027 | $3.1b | 30.43% |
| 2028 | $3.6b | 17.31% |
| 2029 | $4.0b | 9.21% |
| 2030 | $4.8b | 21.27% |
| 2031 | $5.8b | 20.17% |
| 2032 | $6.7b | 16.55% |
Net Margin
| 2024 | 22.74% | 1,106.91% |
|---|---|---|
| 2025 | 16.79% | 26.15% |
| 2026 | 17.74% | 5.66% |
| 2027 | 19.26% | 8.57% |
| 2028 | 18.26% | 5.19% |
| 2029 | 16.73% | 8.38% |
| 2030 | 17.07% | 2.03% |
| 2031 | 17.61% | 3.16% |
| 2032 | 17.49% | 0.68% |
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 $1.44 . This is 19.55% lower than earnings per share in the financial year 2024. The highest EPS forecast is $1.70 5.03% , the lowest is $1.04 41.90% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | $1.55 | 1,450.00% |
|---|---|---|
| 2025 | $1.44 | 7.10% |
| 2026 | $1.82 | 26.39% |
| 2027 | $2.38 | 30.77% |
| 2028 | $2.79 | 17.23% |
| 2029 | $3.04 | 8.96% |
| 2030 | $3.69 | 21.38% |
| 2031 | $4.44 | 20.33% |
| 2032 | $5.17 | 16.44% |
P/E ratio
| Current | 76.36 | 0.38% |
|---|---|---|
| 2025 | 95.18 | 24.65% |
| 2026 | 75.01 | 21.19% |
| 2027 | 57.51 | 23.33% |
| 2028 | 49.02 | 14.76% |
| 2029 | 44.89 | 8.43% |
| 2030 | 37.02 | 17.53% |
| 2031 | 30.80 | 16.80% |
| 2032 | 26.43 | 14.19% |
Based on analysts' sales estimates for 2025, the Shopify stock is valued at an EV/Sales of 15.54 and an P/S ratio of 15.98 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 17.25 | 45.45% |
|---|---|---|
| 2025 | 15.54 | 9.92% |
| 2026 | 12.94 | 16.71% |
| 2027 | 10.78 | 16.75% |
| 2028 | 8.71 | 19.20% |
| 2029 | 7.30 | 16.12% |
| 2030 | 6.14 | 15.86% |
| 2031 | 5.28 | 14.13% |
| 2032 | 4.50 | 14.77% |
P/S ratio
| Current | 17.74 | 43.23% |
|---|---|---|
| 2025 | 15.98 | 9.91% |
| 2026 | 13.31 | 16.71% |
| 2027 | 11.08 | 16.75% |
| 2028 | 8.95 | 19.20% |
| 2029 | 7.51 | 16.12% |
| 2030 | 6.32 | 15.86% |
| 2031 | 5.43 | 14.13% |
| 2032 | 4.62 | 14.77% |
Current Shopify Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| Evercore ISI Group |
Outperform
➜
Outperform
|
Unchanged | Aug 08 2025 |
| Citigroup |
Buy
➜
Buy
|
Unchanged | Aug 08 2025 |
| Benchmark |
Buy
➜
Buy
|
Unchanged | Aug 07 2025 |
| Goldman Sachs |
Buy
➜
Buy
|
Unchanged | Aug 07 2025 |
| JMP Securities |
Market Outperform
➜
Market Outperform
|
Unchanged | Aug 07 2025 |
| Canaccord Genuity |
Buy
➜
Buy
|
Unchanged | Aug 07 2025 |
| Barclays |
Equal-Weight
➜
Equal-Weight
|
Unchanged | Aug 07 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
Evercore ISI Group:
Outperform
➜
Outperform
|
Aug 08 2025 |
|
Unchanged
Citigroup:
Buy
➜
Buy
|
Aug 08 2025 |
|
Unchanged
Benchmark:
Buy
➜
Buy
|
Aug 07 2025 |
|
Unchanged
Goldman Sachs:
Buy
➜
Buy
|
Aug 07 2025 |
|
Unchanged
JMP Securities:
Market Outperform
➜
Market Outperform
|
Aug 07 2025 |
|
Unchanged
Canaccord Genuity:
Buy
➜
Buy
|
Aug 07 2025 |
|
Unchanged
Barclays:
Equal-Weight
➜
Equal-Weight
|
Aug 07 2025 |
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