Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
91.77
-2.23 (-2.37%)
At close: May 9, 2025, 4:00 PM
91.60
-0.17 (-0.19%)
After-hours: May 9, 2025, 7:59 PM EDT
Shopify Stock Forecast
Stock Price Forecast
The 32 analysts with 12-month price forecasts for Shopify stock have an average target of 113.34, with a low estimate of 79 and a high estimate of 175. The average target predicts an increase of 23.50% from the current stock price of 91.77.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Shopify stock from 32 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 | 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 | +19.86% | May 9, 2025 |
| JP Morgan | JP Morgan | Buy Maintains $124 → $115 | Buy | Maintains | $124 → $115 | +25.31% | May 9, 2025 |
| Barclays | Barclays | Hold Maintains $100 → $94 | Hold | Maintains | $100 → $94 | +2.43% | May 9, 2025 |
| Truist Securities | Truist Securities | Hold Maintains $120 → $100 | Hold | Maintains | $120 → $100 | +8.97% | May 6, 2025 |
| Benchmark | Benchmark | Strong Buy Maintains $150 → $125 | Strong Buy | Maintains | $150 → $125 | +36.21% | May 6, 2025 |
Financial Forecast
Revenue This Year
11.09B
from 8.88B
Increased by 24.90%
Revenue Next Year
13.40B
from 11.09B
Increased by 20.78%
EPS This Year
1.50
from 1.55
Decreased by -3.40%
EPS Next Year
1.92
from 1.50
Increased by 27.94%
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 | 16.5B | ||
| Low | 10.3B | 12.0B | 13.8B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 33.3% | 42.0% | 57.6% | ||
| Avg | 24.9% | 20.8% | 23.0% | ||
| Low | 16.0% | 8.1% | 3.3% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1.88 | 2.90 | 4.63 | ||
| Avg | 1.50 | 1.92 | 2.68 | ||
| Low | 0.94 | 1.29 | 1.89 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 21.3% | 93.6% | 141.7% | ||
| Avg | -3.4% | 27.9% | 39.8% | ||
| Low | -39.3% | -13.6% | -1.3% |
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.