Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
107.70
+0.59 (0.55%)
At close: May 29, 2025, 4:00 PM
107.25
-0.45 (-0.42%)
After-hours: May 29, 2025, 7:57 PM EDT
Shopify Stock Forecast
Stock Price Forecast
According to 32 professional analysts, the 12-month price target for Shopify stock ranges from a low of $79 to a high of $175. The average analyst price target of $113.34 forecasts a 5.24% increase in the stock price over the next year.
Price Target: $113.34 (+5.24%)
Analyst Consensus: Buy
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 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 9 | 9 | 9 | 10 |
| Buy | 11 | 12 | 12 | 12 | 13 | 13 |
| Hold | 11 | 11 | 12 | 12 | 12 | 9 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 32 | 32 | 33 | 33 | 34 | 32 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Hold Maintains $125 → $110 | Hold | Maintains | $125 → $110 | +2.14% | May 9, 2025 |
| JP Morgan | JP Morgan | Buy Maintains $124 → $115 | Buy | Maintains | $124 → $115 | +6.78% | May 9, 2025 |
| Barclays | Barclays | Hold Maintains $100 → $94 | Hold | Maintains | $100 → $94 | -12.72% | May 9, 2025 |
| Truist Securities | Truist Securities | Hold Maintains $120 → $100 | Hold | Maintains | $120 → $100 | -7.15% | May 6, 2025 |
| Benchmark | Benchmark | Strong Buy Maintains $150 → $125 | Strong Buy | Maintains | $150 → $125 | +16.06% | May 6, 2025 |
Financial Forecast
Revenue This Year
11.12B
from 8.88B
Increased by 25.18%
Revenue Next Year
13.36B
from 11.12B
Increased by 20.21%
EPS This Year
1.43
from 1.55
Decreased by -7.47%
EPS Next Year
1.82
from 1.43
Increased by 27.14%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 11.8B | 15.8B | 21.1B | ||
| Avg | 11.1B | 13.4B | 16.3B | ||
| Low | 10.4B | 12.0B | 14.1B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 33.3% | 41.7% | 58.0% | ||
| Avg | 25.2% | 20.2% | 22.2% | ||
| Low | 17.7% | 7.5% | 5.6% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1.70 | 2.28 | 3.12 | ||
| Avg | 1.43 | 1.82 | 2.38 | ||
| Low | 1.04 | 1.30 | 1.79 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 9.7% | 59.1% | 70.9% | ||
| Avg | -7.5% | 27.1% | 30.3% | ||
| Low | -33.0% | -9.1% | -1.7% |
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 disclaimer.