Shopify Forecast, price target & analysts
Shopify Target price 2025 - Analyst rating & recommendation
Shopify Classifications & Recommendation:
Shopify Price Target
| Target Price | $113.66 |
| Price | $111.41 |
| Potential | 2.02% |
| Number of Estimates | 47 |
| 47 Analysts have issued a price target Shopify 2026 . The average Shopify target price is $113.66. This is 2.02% higher than the current stock price. The highest price target is $135.00 21.17% , the lowest is $85.00 23.71% . | |
| A rating was issued by 54 analysts: 36 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 2.02% . Most analysts recommend the Shopify stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2029
46 Analysts have issued a sales forecast Shopify 2025 . The average Shopify sales estimate is $10.9b . This is 16.20% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $11.4b 21.25% , the lowest is $10.7b 13.68% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | $8.9b | 25.78% |
|---|---|---|
| 2025 | $10.9b | 22.73% |
| 2026 | $13.1b | 20.45% |
| 2027 | $16.2b | 23.11% |
| 2028 | $19.2b | 19.08% |
| 2029 | $22.6b | 17.27% |
31 Analysts have issued an Shopify EBITDA forecast 2025. The average Shopify EBITDA estimate is $1.9b . This is 56.01% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $2.1b 71.56% , the lowest is $1.4b 13.96% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | $1.1b | 9,258.33% |
|---|---|---|
| 2025 | $1.9b | 69.78% |
| 2026 | $2.5b | 33.95% |
| 2027 | $3.5b | 39.83% |
| 2028 | $3.9b | 11.70% |
| 2029 | $4.2b | 7.53% |
EBITDA Margin
| 2024 | 12.38% | 7,381.29% |
|---|---|---|
| 2025 | 17.12% | 38.33% |
| 2026 | 19.04% | 11.21% |
| 2027 | 21.63% | 13.60% |
| 2028 | 20.29% | 6.20% |
| 2029 | 18.60% | 8.33% |
23 Shopify Analysts have issued a net profit forecast 2025. The average Shopify net profit estimate is $501m . This is 68.86% lower than the net profit for the last 12 months(TTM). The highest net profit forecast is $1.6b 0.70% , the lowest is $-182m 111.28% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | $2.0b | 1,418.05% |
|---|---|---|
| 2025 | $501m | 75.17% |
| 2026 | $1.8b | 260.98% |
| 2027 | $2.5b | 40.56% |
| 2028 | $2.8b | 10.12% |
| 2029 | $3.6b | 29.63% |
Net Margin
| 2024 | 22.74% | 1,106.91% |
|---|---|---|
| 2025 | 4.60% | 79.77% |
| 2026 | 13.79% | 199.78% |
| 2027 | 15.74% | 14.14% |
| 2028 | 14.56% | 7.50% |
| 2029 | 16.09% | 10.51% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029
23 Analysts have issued a Shopify forecast for earnings per share. The average Shopify EPS is $0.39 . This is 68.29% lower than earnings per share in the financial year 2024. The highest EPS forecast is $1.25 1.63% , the lowest is $-0.14 111.38% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | $1.55 | 1,450.00% |
|---|---|---|
| 2025 | $0.39 | 74.84% |
| 2026 | $1.40 | 258.97% |
| 2027 | $1.96 | 40.00% |
| 2028 | $2.16 | 10.20% |
| 2029 | $2.80 | 29.63% |
P/E ratio
| Current | 90.58 | 124.50% |
|---|---|---|
| 2025 | 288.21 | 218.19% |
| 2026 | 79.84 | 72.30% |
| 2027 | 56.80 | 28.86% |
| 2028 | 51.58 | 9.19% |
| 2029 | 39.79 | 22.86% |
Based on analysts' sales estimates for 2025, the Shopify stock is valued at an EV/Sales of 12.84 and an P/S ratio of 13.26 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 14.92 | 53.66% |
|---|---|---|
| 2025 | 12.84 | 13.93% |
| 2026 | 10.66 | 16.98% |
| 2027 | 8.66 | 18.77% |
| 2028 | 7.27 | 16.02% |
| 2029 | 6.20 | 14.73% |
P/S ratio
| Current | 15.41 | 49.88% |
|---|---|---|
| 2025 | 13.26 | 13.94% |
| 2026 | 11.01 | 16.98% |
| 2027 | 8.94 | 18.77% |
| 2028 | 7.51 | 16.02% |
| 2029 | 6.41 | 14.73% |
Current Shopify Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| Wells Fargo |
Overweight
➜
Overweight
|
Unchanged | Jun 06 2025 |
| JP Morgan |
Overweight
➜
Overweight
|
Unchanged | May 09 2025 |
| Morgan Stanley |
Overweight
➜
Overweight
|
Unchanged | May 09 2025 |
| UBS |
Neutral
➜
Neutral
|
Unchanged | May 09 2025 |
| Barclays |
Equal-Weight
➜
Equal-Weight
|
Unchanged | May 09 2025 |
| Truist Securities |
Hold
➜
Hold
|
Unchanged | May 06 2025 |
| Benchmark |
Buy
➜
Buy
|
Unchanged | May 06 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
Wells Fargo:
Overweight
➜
Overweight
|
Jun 06 2025 |
|
Unchanged
JP Morgan:
Overweight
➜
Overweight
|
May 09 2025 |
|
Unchanged
Morgan Stanley:
Overweight
➜
Overweight
|
May 09 2025 |
|
Unchanged
UBS:
Neutral
➜
Neutral
|
May 09 2025 |
|
Unchanged
Barclays:
Equal-Weight
➜
Equal-Weight
|
May 09 2025 |
|
Unchanged
Truist Securities:
Hold
➜
Hold
|
May 06 2025 |
|
Unchanged
Benchmark:
Buy
➜
Buy
|
May 06 2025 |
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