Shopify Inc. (SHOP)
NASDAQ: SHOP · Real-Time Price · USD
118.60
-3.61 (-2.95%)
At close: Aug 1, 2025, 4:00 PM
118.00
-0.60 (-0.51%)
After-hours: Aug 1, 2025, 7:59 PM EDT

Shopify Stock Forecast

Stock Price Forecast

The 35 analysts that cover Shopify stock have a consensus rating of "Buy" and an average price target of $118.34, which forecasts a -0.22% decrease in the stock price over the next year. The lowest target is $79 and the highest is $175.

Price Target: $118.34 (-0.22%)
Analyst Consensus: Buy
TargetLowAverageMedianHigh
Price$79$118.34$120$175
Change-33.39%-0.22%+1.18%+47.55%

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

RatingFeb '25Mar '25Apr '25May '25Jun '25Jul '25
Strong Buy99910109
Buy131314151415
Hold12121211911
Sell000000
Strong Sell000000
Total343435363335

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Scotiabank
Scotiabank
Hold
Maintains
$90$115
HoldMaintains$90$115-3.04%Jul 28, 2025
Oppenheimer
Oppenheimer
Buy
Maintains
$125$145
BuyMaintains$125$145+22.26%Jul 28, 2025
Keybanc
Keybanc
Buy
Maintains
$115$145
BuyMaintains$115$145+22.26%Jul 22, 2025
Loop Capital
Loop Capital
Hold
Downgrades
$120
HoldDowngrades$120+1.18%Jul 22, 2025
CIBC
CIBC
Buy
Maintains
$125$145
BuyMaintains$125$145+22.26%Jul 18, 2025
More Analyst Ratings

Financial Forecast

Revenue This Year
11.10B
from 8.88B
Increased by 25.03%
Revenue Next Year
13.31B
from 11.10B
Increased by 19.89%
EPS This Year
1.44
from 1.55
Decreased by -7.36%
EPS Next Year
1.82
from 1.44
Increased by 26.89%
Fiscal YearFY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026Dec 31, 2027
Revenue
2.93B4.61B5.60B7.06B8.88B11.10B13.31B15.93B
Revenue Growth
85.63%57.43%21.43%26.07%25.78%25.03%19.89%19.64%
EPS
0.262.29-2.730.101.551.441.822.38
EPS Growth
-784.34%--1,409.81%-7.36%26.89%30.43%
Forward PE
-----82.5965.0949.90
No. Analysts
-----474720
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue20252026202720282029
High11.7B14.3B17.2B
Avg11.1B13.3B15.9B
Low10.5B12.0B14.1B

Revenue Growth

Revenue Growth20252026202720282029
High
31.7%
28.7%
29.1%
Avg
25.0%
19.9%
19.6%
Low
17.9%
8.0%
6.0%

EPS Forecast

EPS20252026202720282029
High1.702.283.12
Avg1.441.822.38
Low1.041.301.79

EPS Growth

EPS Growth20252026202720282029
High
9.7%
58.9%
71.0%
Avg
-7.4%
26.9%
30.4%
Low
-33.0%
-9.2%
-1.6%
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 disclaimer.