$108.36
0.66% yesterday
NYSE, Nov 15, 09:49 pm CET
ISIN
CA82509L1076
Symbol
SHOP

Shopify Target price 2024 - Analyst rating & recommendation

Shopify Classifications & Recommendation:

Buy
58%
Hold
40%
Sell
2%

Shopify Price Target

Target Price $115.21
Price $108.49
Potential
Number of Estimates 43
43 Analysts have issued a price target Shopify 2025 . The average Shopify target price is $115.21. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 52 analysts: 30 Analysts recommend Shopify to buy, 21 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

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 7.06 8.79
26.07% 24.45%
EBITDA Margin 2.22% 16.97%
121.71% 663.11%
Net Margin 1.83% 11.88%
102.91% 549.31%

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

$8.8b
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. This is
6.99% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$9.1b 10.21%
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, the lowest is
$8.6b 4.92%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $7.1b 26.07%
2024
$8.8b 24.45%
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2025
$10.8b 22.70%
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2026
$13.0b 21.02%
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2027
$16.9b 29.52%
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2028
$19.6b 16.15%
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26 Analysts have issued an Shopify EBITDA forecast 2024. The average Shopify EBITDA estimate is

$1.5b
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. This is
48.96% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$1.6b 62.23%
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, the lowest is
$1.4b 38.96%
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.

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

EBITDA Estimates

2023 $157m 127.37%
2024
$1.5b 849.73%
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2025
$2.0b 35.55%
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2026
$2.7b 31.64%
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2027
$3.6b 35.90%
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2028
$4.2b 14.99%
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EBITDA Margin

2023 2.22% 121.71%
2024
16.97% 663.11%
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2025
18.75% 10.49%
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2026
20.39% 8.75%
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2027
21.40% 4.95%
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2028
21.18% 1.03%
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20 Shopify Analysts have issued a net profit forecast 2024. The average Shopify net profit estimate is

$1.0b
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. This is
23.79% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$1.2b 10.38%
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, the lowest is
$465m 66.04%
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.

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

Net Profit Estimates

2023 $129m 103.66%
2024
$1.0b 707.87%
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2025
$1.5b 39.06%
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2026
$2.0b 36.63%
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2027
$2.9b 46.10%
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2028
$3.2b 11.03%
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Net Margin

2023 1.83% 102.91%
2024
11.88% 549.31%
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2025
13.46% 13.30%
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2026
15.20% 12.93%
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2027
17.14% 12.76%
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2028
16.39% 4.38%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.10 0.81
103.66% 710.00%
P/E 134.29
EV/Sales 15.52

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

$0.81
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. This is
23.58% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.95 10.38%
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, the lowest is
$0.36 66.04%
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.

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

Earnings Per Share

2023 $0.10 103.66%
2024
$0.81 710.00%
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2025
$1.12 38.27%
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2026
$1.53 36.61%
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2027
$2.24 46.41%
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2028
$2.49 11.16%
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P/E ratio

Current 102.08 250.94%
2024
134.29 31.55%
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2025
96.57 28.09%
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2026
70.68 26.81%
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2027
48.38 31.55%
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2028
43.57 9.94%
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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

15.52
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
15.95
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.

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

EV/Sales

Current 16.61 47.51%
2024
15.52 6.54%
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2025
12.65 18.50%
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2026
10.45 17.37%
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2027
8.07 22.79%
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2028
6.95 13.90%
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P/S ratio

Current 17.07 44.25%
2024
15.95 6.53%
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2025
13.00 18.50%
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2026
10.74 17.37%
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2027
8.29 22.79%
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2028
7.14 13.90%
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