Shopify Stock Forecast

Stock Price Forecast

The 32 analysts that cover Shopify stock have a consensus rating of "Buy" and an average price target of $164.44, which forecasts a 28.80% increase in the stock price over the next year. The lowest target is $120 and the highest is $200.

Price Target: $164.44 (+28.80%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$120	$164.44	$165	$200
Change	-6.01%	+28.80%	+29.24%	+56.65%

Analyst Ratings

The average analyst rating for Shopify stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	6	6	6	7	7	7
Buy	16	15	16	18	19	18
Hold	12	11	11	8	8	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	34	32	33	33	34	33

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tyler Radke Citigroup	Citigroup	Strong Buy Maintains $172 → $163	Strong Buy	Maintains	$172 → $163	+27.67%	Apr 28, 2026
Ken Gawrelski Wells Fargo	Wells Fargo	Buy Maintains $191 → $166	Buy	Maintains	$191 → $166	+30.02%	Apr 6, 2026
James Callahan Piper Sandler	Piper Sandler	Buy Initiates $165	Buy	Initiates	$165	+29.24%	Mar 12, 2026
Samad Samana Jefferies	Jefferies	Hold Maintains $125 → $150	Hold	Maintains	$125 → $150	+17.49%	Mar 9, 2026
Samad Samana Jefferies	Jefferies	Hold Maintains $160 → $125	Hold	Maintains	$160 → $125	-2.09%	Feb 17, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

14.95B

from 11.56B

29.34%

from 11.56B

Revenue Next Year

18.50B

from 14.95B

23.77%

from 14.95B

EPS This Year

1.85

from 0.94

96.86%

from 0.94

EPS Next Year

2.37

from 1.85

28.19%

from 1.85

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	4.61B	5.60B	7.06B	8.88B	11.56B	14.95B	18.50B
Revenue Growth	57.43%	21.43%	26.07%	25.78%	30.14%	29.34%	23.77%
EPS	2.29	-2.73	0.10	1.55	0.94	1.85	2.37
EPS Growth	784.34%	-	-	1,450.00%	-39.36%	96.86%	28.19%
Forward PE	-	-	-	-	-	68.99	53.82
No. Analysts	-	-	-	-	-	46	43

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	16.0B	22.1B
Avg	14.9B	18.5B
Low	13.7B	15.8B

Revenue Growth

Revenue Growth	2026	2027
High	38.5%	47.9%
Avg	29.3%	23.8%
Low	18.2%	5.4%

EPS Forecast

EPS	2026	2027
High	2.33	3.92
Avg	1.85	2.37
Low	1.29	1.62

EPS Growth

EPS Growth	2026	2027
High	148.0%	111.7%
Avg	96.9%	28.2%
Low	37.6%	-12.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.