Shopify Stock Forecast

Stock Price Forecast

The 31 analysts with 12-month price forecasts for Shopify stock have an average target of 114.48, with a low estimate of 72 and a high estimate of 175. The average target predicts an increase of 36.86% from the current stock price of 83.65.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$72	$114.48	$120	$175
Change	-13.93%	+36.86%	+43.45%	+109.21%

Analyst Ratings

The average analyst rating for Shopify stock from 33 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	8	9	9	9	9	9
Buy	11	11	12	12	12	12
Hold	13	11	11	12	12	12
Sell	1	1	0	0	0	0
Strong Sell	1	0	0	0	0	0
Total	34	32	32	33	33	33

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Paul Treiber RBC Capital	RBC Capital	Buy Maintains $145 → $125	Buy	Maintains	$145 → $125	+49.43%	Apr 17, 2025
Anthony Chukumba Loop Capital	Loop Capital	Strong Buy Maintains $150 → $120	Strong Buy	Maintains	$150 → $120	+43.45%	Apr 16, 2025
Deepak Mathivanan Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $120 → $80	Hold	Maintains	$120 → $80	-4.36%	Apr 16, 2025
Siti Panigrahi Mizuho	Mizuho	Hold Maintains $110 → $85	Hold	Maintains	$110 → $85	+1.61%	Apr 15, 2025
Gil Luria DA Davidson	DA Davidson	Strong Buy Maintains $150 → $115	Strong Buy	Maintains	$150 → $115	+37.48%	Apr 14, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

11.15B

from 8.88B

25.57%

from 8.88B

Revenue Next Year

13.48B

from 11.15B

20.86%

from 11.15B

EPS This Year

1.52

from 1.55

-1.84%

from 1.55

EPS Next Year

1.93

from 1.52

27.16%

from 1.52

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	2.93B	4.61B	5.60B	7.06B	8.88B	11.15B	13.48B	16.55B
Revenue Growth	85.63%	57.43%	21.43%	26.07%	25.78%	25.57%	20.86%	22.82%
EPS	0.26	2.29	-2.73	0.10	1.55	1.52	1.93	2.71
EPS Growth	-	784.34%	-	-	1,409.81%	-1.84%	27.16%	39.92%
Forward PE	-	-	-	-	-	54.98	43.24	30.90
No. Analysts	-	-	-	-	-	45	45	18

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

Revenue Forecast

Revenue	2025	2026	2027
High	11.8B	15.8B	21.1B
Avg	11.2B	13.5B	16.6B
Low	10.4B	12.0B	13.8B

Revenue Growth

Revenue Growth	2025	2026	2027
High	33.3%	41.3%	56.6%
Avg	25.6%	20.9%	22.8%
Low	16.7%	7.5%	2.7%

EPS Forecast

EPS	2025	2026	2027
High	1.88	2.90	4.63
Avg	1.52	1.93	2.71
Low	1.00	1.29	1.91

EPS Growth

EPS Growth	2025	2026	2027
High	21.3%	90.5%	139.3%
Avg	-1.8%	27.2%	39.9%
Low	-35.5%	-15.0%	-1.2%

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.