$79.21
1.91% yesterday
NYSE, Sep 27, 10:10 pm CET
ISIN
CA82509L1076
Symbol
SHOP

Shopify Target price 2024 - Analyst rating & recommendation

Shopify Classifications & Recommendation:

Buy
62%
Hold
38%

Shopify Price Target

Target Price $79.80
Price $79.21
Potential
Number of Estimates 43
43 Analysts have issued a price target Shopify 2025 . The average Shopify target price is $79.80. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 52 analysts: 32 Analysts recommend Shopify to buy, 20 to hold and 0 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 8.65
26.07% 22.51%
EBITDA Margin 2.22% 15.91%
121.71% 615.44%
Net Margin 1.83% 6.31%
102.91% 245.39%

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

$8.6b
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. This is
11.40% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$8.8b 13.18%
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, the lowest is
$8.6b 10.38%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $7.1b 26.07%
2024
$8.6b 22.51%
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2025
$10.4b 20.81%
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2026
$12.7b 21.68%
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2027
$15.4b 21.35%
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2028
$18.5b 19.77%
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28 Analysts have issued an Shopify EBITDA forecast 2024. The average Shopify EBITDA estimate is

$1.4b
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. This is
67.80% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$1.6b 98.04%
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, the lowest is
$1.3b 58.94%
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.

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

EBITDA Estimates

2023 $157m 127.37%
2024
$1.4b 776.40%
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2025
$1.9b 36.77%
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2026
$2.6b 37.18%
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2027
$3.5b 33.80%
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2028
$3.2b 7.67%
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EBITDA Margin

2023 2.22% 121.71%
2024
15.91% 615.44%
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2025
18.01% 13.20%
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2026
20.30% 12.72%
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2027
22.39% 10.30%
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2028
17.26% 22.91%
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23 Shopify Analysts have issued a net profit forecast 2024. The average Shopify net profit estimate is

$546m
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. This is
56.81% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$838m 33.67%
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, the lowest is
$245m 80.61%
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.

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

Net Profit Estimates

2023 $129m 103.66%
2024
$546m 323.29%
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2025
$1.3b 134.21%
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2026
$1.9b 45.13%
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2027
$2.4b 29.41%
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2028
$2.9b 22.45%
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Net Margin

2023 1.83% 102.91%
2024
6.31% 245.39%
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2025
12.24% 93.98%
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2026
14.60% 19.28%
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2027
15.57% 6.64%
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2028
15.91% 2.18%
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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 0.42
103.66% 320.00%
P/E 187.13
EV/Sales 11.37

23 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

$0.42
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. This is
57.14% 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
$0.65 33.67%
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, the lowest is
$0.19 80.61%
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.

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

Earnings Per Share

2023 $0.10 103.66%
2024
$0.42 320.00%
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2025
$0.99 135.71%
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2026
$1.44 45.45%
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2027
$1.86 29.17%
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2028
$2.28 22.58%
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P/E ratio

Current 80.76 341.29%
2024
187.13 131.71%
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2025
79.90 57.30%
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2026
55.05 31.10%
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2027
42.54 22.72%
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2028
34.74 18.34%
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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

11.37
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
11.82
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.

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

EV/Sales

Current 12.66 23.87%
2024
11.37 10.20%
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2025
9.41 17.22%
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2026
7.73 17.82%
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2027
6.37 17.60%
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2028
5.32 16.50%
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P/S ratio

Current 13.16 21.87%
2024
11.82 10.23%
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2025
9.78 17.22%
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2026
8.04 17.82%
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2027
6.62 17.59%
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2028
5.53 16.51%
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