Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
166.43
+5.15 (3.19%)
At close: Oct 8, 2025, 4:00 PM EDT
167.00
+0.57 (0.34%)
After-hours: Oct 8, 2025, 7:06 PM EDT

Shopify Stock Forecast

Stock Price Forecast

The 33 analysts that cover Shopify stock have a consensus rating of "Buy" and an average price target of $142.76, which forecasts a -14.22% decrease in the stock price over the next year. The lowest target is $91 and the highest is $195.

Price Target: $142.76 (-14.22%)
Analyst Consensus: Buy
TargetLowAverageMedianHigh
Price$91$142.76$145$195
Change-45.32%-14.22%-12.88%+17.17%

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

RatingMay '25Jun '25Jul '25Aug '25Sep '25Oct '25
Strong Buy10109996
Buy151415151515
Hold11911111112
Sell000000
Strong Sell000000
Total363335353533

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
TD Cowen
TD Cowen
Hold
Initiates
$156
HoldInitiates$156-6.27%Oct 3, 2025
TD Securities
TD Securities
Hold
Initiates
$130$156
HoldInitiates$130$156-6.27%Oct 3, 2025
Citigroup
Citigroup
Strong Buy
Maintains
$155$195
Strong BuyMaintains$155$195+17.17%Aug 8, 2025
Evercore ISI Group
Evercore ISI Group
Buy
Maintains
$120$170
BuyMaintains$120$170+2.15%Aug 8, 2025
Canaccord Genuity
Canaccord Genuity
Strong Buy
Maintains
$115$165
Strong BuyMaintains$115$165-0.86%Aug 7, 2025
More Analyst Ratings

Financial Forecast

Revenue This Year
11.49B
from 8.88B
Increased by 29.36%
Revenue Next Year
14.05B
from 11.49B
Increased by 22.31%
EPS This Year
1.46
from 1.55
Decreased by -6.13%
EPS Next Year
1.84
from 1.46
Increased by 26.79%
Fiscal YearFY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
2.93B4.61B5.60B7.06B8.88B11.49B14.05B
Revenue Growth
85.63%57.43%21.43%26.07%25.78%29.36%22.31%
EPS
0.262.29-2.730.101.551.461.84
EPS Growth
-784.34%--1,409.81%-6.13%26.79%
Forward PE
-----114.3890.21
No. Analysts
-----4848
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue20252026202720282029
High12.0B15.7B
Avg11.5B14.1B
Low10.7B12.9B

Revenue Growth

Revenue Growth20252026202720282029
High
35.7%
36.3%
Avg
29.4%
22.3%
Low
20.3%
11.9%

EPS Forecast

EPS20252026202720282029
High1.682.67
Avg1.461.84
Low0.851.33

EPS Growth

EPS Growth20252026202720282029
High
8.5%
83.3%
Avg
-6.1%
26.8%
Low
-45.0%
-8.4%
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.