Shopify Forecast, price target & analysts
Shopify Target price 2025 - Analyst rating & recommendation
Shopify Classifications & Recommendation:
Shopify Price Target
| Target Price | $183.60 |
| Price | $161.08 |
| Potential | 13.98% |
| Number of Estimates | 48 |
| 48 Analysts have issued a price target Shopify 2026 . The average Shopify target price is $183.60. This is 13.98% higher than the current stock price. The highest price target is $210.00 30.37% , the lowest is $116.15 27.89% . | |
| 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 13.98% . 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 $11.5b . This is 7.44% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $12.1b 12.69% , the lowest is $10.7b 0.09% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | $8.9b | 25.78% |
|---|---|---|
| 2025 | $11.5b | 29.41% |
| 2026 | $14.1b | 22.34% |
| 2027 | $17.0b | 20.93% |
| 2028 | $21.2b | 24.76% |
| 2029 | $25.9b | 21.97% |
| 2030 | $31.2b | 20.50% |
| 2031 | $37.5b | 20.25% |
| 2032 | $44.7b | 19.27% |
40 Analysts have issued an Shopify EBITDA forecast 2025. The average Shopify EBITDA estimate is $1.9b . This is 47.58% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.3b 72.27% , the lowest is $1.6b 23.03% .
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 | $5.1b | 46.50% |
| 2029 | $7.4b | 43.56% |
| 2030 | $9.7b | 31.98% |
EBITDA Margin
| 2024 | 12.38% | 7,381.29% |
|---|---|---|
| 2025 | 16.95% | 36.96% |
| 2026 | 18.37% | 8.38% |
| 2027 | 20.59% | 12.08% |
| 2028 | 24.18% | 17.44% |
| 2029 | 28.46% | 17.70% |
| 2030 | 31.17% | 9.52% |
48 Shopify Analysts have issued a net profit forecast 2025. The average Shopify net profit estimate is $1.9b . This is 7.88% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $2.2b 24.74% , the lowest is $1.5b 14.79% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | $2.0b | 1,418.05% |
|---|---|---|
| 2025 | $1.9b | 4.83% |
| 2026 | $2.4b | 26.49% |
| 2027 | $3.1b | 28.44% |
| 2028 | $3.7b | 18.63% |
| 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 | 16.72% | 26.46% |
| 2026 | 17.29% | 3.41% |
| 2027 | 18.36% | 6.19% |
| 2028 | 17.46% | 4.90% |
| 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
48 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 $1.71 26.67% , the lowest is $1.17 13.33% .
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 | $2.40 | 28.34% |
| 2028 | $2.85 | 18.75% |
| 2029 | $3.18 | 11.58% |
| 2030 | $3.88 | 22.01% |
| 2031 | $4.78 | 23.20% |
| 2032 | $5.65 | 18.20% |
P/E ratio
| Current | 119.32 | 8.38% |
|---|---|---|
| 2025 | 109.09 | 8.57% |
| 2026 | 86.24 | 20.95% |
| 2027 | 67.15 | 22.14% |
| 2028 | 56.60 | 15.71% |
| 2029 | 50.62 | 10.57% |
| 2030 | 41.50 | 18.02% |
| 2031 | 33.67 | 18.87% |
| 2032 | 28.51 | 15.33% |
Based on analysts' sales estimates for 2025, the Shopify stock is valued at an EV/Sales of 17.78 and an P/S ratio of 18.25 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 19.10 | 7.91% |
|---|---|---|
| 2025 | 17.78 | 6.94% |
| 2026 | 14.53 | 18.26% |
| 2027 | 12.01 | 17.31% |
| 2028 | 9.63 | 19.85% |
| 2029 | 7.90 | 18.01% |
| 2030 | 6.55 | 17.02% |
| 2031 | 5.45 | 16.84% |
| 2032 | 4.57 | 16.16% |
P/S ratio
| Current | 19.61 | 7.79% |
|---|---|---|
| 2025 | 18.25 | 6.93% |
| 2026 | 14.92 | 18.26% |
| 2027 | 12.33 | 17.31% |
| 2028 | 9.89 | 19.85% |
| 2029 | 8.11 | 18.01% |
| 2030 | 6.73 | 17.01% |
| 2031 | 5.59 | 16.84% |
| 2032 | 4.69 | 16.16% |
Current Shopify Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| 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 |
| Morgan Stanley |
Overweight
➜
Overweight
|
Unchanged | Nov 05 2025 |
| Analyst Rating | Date |
|---|---|
|
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 |
|
Unchanged
Morgan Stanley:
Overweight
➜
Overweight
|
Nov 05 2025 |
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