$128.14
1.40%
NYSE, Sep 17, 11:57 am EDT. Market open.
ISIN
CA82509L1076
Symbol
SHOP

Shopify Target price 2026 - Analyst rating & recommendation

Shopify Classifications & Recommendation

Buy
77%
Hold
21%
Sell
2%

Shopify Price Target

Target Price $178.50
Price $129.96
Potential 37.35%
Number of Estimates 48
48 Analysts have issued a price target Shopify 2027 . The average Shopify target price is $178.50. This is 37.35% higher than the current stock price. The highest price target is $231.00 77.75% , the lowest is $111.10 14.51% .
A rating was issued by 56 analysts: 43 Analysts recommend Shopify to buy, 12 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 2027 of 37.35% . Most analysts recommend the Shopify stock at Purchase.

Sales and Margin forecast 2026, 2027 to 2033

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Select at least one metric to display the chart.


Sep '25 Sep '26
Estimates
Revenue Billion $ 2.84 3.81
31.54% 34.00%
EBITDA Margin 12.20% 18.27%
7.12% 49.74%
Net Margin 9.28% 15.90%
75.76% 71.29%

52 Analysts have issued a sales forecast Shopify 2026 . The average Shopify sales estimate is

$15.6b
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. This is
17.21% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$16.3b 22.59%
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, the lowest is
$14.5b 9.18%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 $11.6b 30.14%
2026
$15.6b 34.58%
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2027
$19.5b 25.28%
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2028
$23.9b 22.61%
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2029
$28.4b 18.97%
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2030
$33.8b 18.85%
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2031
$40.6b 20.34%
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2032
$48.4b 19.02%
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2033
$57.3b 18.46%
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41 Analysts have issued an Shopify EBITDA forecast 2026. The average Shopify EBITDA estimate is

$2.9b
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. This is
55.71% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$3.2b 73.31%
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, the lowest is
$2.3b 23.12%
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.

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

EBITDA Estimates

2025 $1.5b 36.76%
2026
$2.9b 91.35%
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2027
$3.8b 32.13%
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2028
$5.3b 39.55%
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2029
$5.6b 6.47%
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2030
$6.8b 20.63%
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2031
$7.4b 9.35%
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2032
$9.1b 22.66%
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2033
$11.1b 21.66%
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EBITDA Margin

2025 13.01% 5.09%
2026
18.49% 42.16%
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2027
19.50% 5.46%
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2028
22.20% 13.85%
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2029
19.87% 10.50%
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2030
20.16% 1.46%
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2031
18.32% 9.13%
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2032
18.88% 3.06%
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2033
19.40% 2.75%
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49 Shopify Analysts have issued a net profit forecast 2026. The average Shopify net profit estimate is

$2.5b
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. This is
28.87% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$2.7b 42.53%
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, the lowest is
$2.0b 6.16%
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.

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

Net Profit Estimates

2025 $1.2b 39.03%
2026
$2.5b 101.84%
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2027
$3.2b 28.84%
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2028
$4.4b 36.30%
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2029
$5.2b 19.74%
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2030
$6.1b 17.45%
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2031
$6.2b 0.29%
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2032
$7.2b 17.74%
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2033
$8.6b 19.24%
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Net Margin

2025 10.65% 53.15%
2026
15.98% 50.01%
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2027
16.43% 2.82%
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2028
18.27% 11.20%
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2029
18.38% 0.60%
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2030
18.17% 1.14%
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2031
15.14% 16.68%
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2032
14.98% 1.06%
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2033
15.08% 0.67%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2033

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Select at least one metric to display the chart.


Sep '25 Sep '26
Estimates
Earnings Per Share $ 0.20 0.47
68.75% 135.00%

49 Analysts have issued a Shopify forecast for earnings per share. The average Shopify EPS is

$1.93
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. This is
30.41% higher
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than earnings per share in the financial year 2025. The highest EPS forecast is
$2.13 43.92%
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, the lowest is
$1.59 7.43%
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.

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

Earnings Per Share

2025 $0.94 39.35%
2026
$1.93 105.32%
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2027
$2.48 28.50%
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2028
$3.38 36.29%
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2029
$4.05 19.82%
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2030
$4.76 17.53%
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2031
$4.77 0.21%
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2032
$5.62 17.82%
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2033
$6.70 19.22%
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P/E ratio

Current 87.81 9.63%
2026
67.43 23.21%
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2027
52.34 22.38%
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2028
38.40 26.63%
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2029
32.07 16.48%
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2030
27.30 14.87%
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2031
27.22 0.29%
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2032
23.12 15.06%
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2033
19.39 16.13%
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Based on analysts' sales estimates for 2026, the Shopify stock is valued at an EV/Sales of

10.43
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and an P/S ratio of
10.75
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.

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

EV/Sales

Current 12.23 32.51%
2026
10.43 14.69%
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2027
8.33 20.18%
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2028
6.79 18.44%
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2029
5.71 15.94%
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2030
4.80 15.86%
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2031
3.99 16.90%
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2032
3.35 15.98%
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2033
2.83 15.58%
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P/S ratio

Current 12.60 32.28%
2026
10.75 14.68%
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2027
8.58 20.18%
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2028
7.00 18.44%
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2029
5.88 15.94%
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2030
4.95 15.86%
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2031
4.11 16.90%
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2032
3.46 15.98%
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2033
2.92 15.58%
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Current Shopify Upgrades & Downgrades

Analyst Rating Action Date
Bernstein
Outperform
Initiated Sep 11 2026
Piper Sandler
Overweight
Overweight
Unchanged Sep 08 2026
Rosenblatt
Buy
Initiated Aug 20 2026
Wells Fargo
Overweight
Overweight
Unchanged Aug 07 2026
Citizens
Market Outperform
Market Outperform
Unchanged Aug 06 2026
Canaccord Genuity
Buy
Buy
Unchanged Aug 06 2026
Barclays
Equal-Weight
Equal-Weight
Unchanged Aug 06 2026
Analyst Rating Date
Initiated
Bernstein:
Outperform
Sep 11 2026
Unchanged
Piper Sandler:
Overweight
Overweight
Sep 08 2026
Initiated
Rosenblatt:
Buy
Aug 20 2026
Unchanged
Wells Fargo:
Overweight
Overweight
Aug 07 2026
Unchanged
Citizens:
Market Outperform
Market Outperform
Aug 06 2026
Unchanged
Canaccord Genuity:
Buy
Buy
Aug 06 2026
Unchanged
Barclays:
Equal-Weight
Equal-Weight
Aug 06 2026

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