Shopify Inc. (SHOP)

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 $163.67, which forecasts a 32.34% increase in the stock price over the next year. The lowest target is $105 and the highest is $200.

Price Target: $163.67 (+32.34%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$105	$163.67	$165	$200
Change	-15.10%	+32.34%	+33.42%	+61.72%

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	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	6	6	6	6	7	7
Buy	16	16	15	15	18	19
Hold	12	12	11	11	8	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	34	34	32	32	33	34

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
James Callahan Piper Sandler	Piper Sandler	Buy Initiates $165	Buy	Initiates	$165	+33.42%	Mar 12, 2026
Samad Samana Jefferies	Jefferies	Hold Maintains $125 → $150	Hold	Maintains	$125 → $150	+21.29%	Mar 9, 2026
Samad Samana Jefferies	Jefferies	Hold Maintains $160 → $125	Hold	Maintains	$160 → $125	+1.08%	Feb 17, 2026
Terry Tillman Truist Securities	Truist Securities	Hold → Strong Buy Upgrades $110 → $150	Hold → Strong Buy	Upgrades	$110 → $150	+21.29%	Feb 17, 2026
Tyler Radke Citigroup	Citigroup	Strong Buy Maintains $195 → $172	Strong Buy	Maintains	$195 → $172	+39.08%	Feb 13, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

14.94B

Increased by 29.30%

from 11.56B

Revenue Next Year

18.48B

Increased by 23.68%

from 14.94B

EPS This Year

1.85

Increased by 96.50%

from 0.94

EPS Next Year

2.37

Increased by 28.36%

from 1.85

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	4.61B	5.60B	7.06B	8.88B	11.56B	14.94B	18.48B
Revenue Growth	57.43%	21.43%	26.07%	25.78%	30.14%	29.30%	23.68%
EPS	2.29	-2.73	0.10	1.55	0.94	1.85	2.37
EPS Growth	784.34%	-	-	1,450.00%	-39.36%	96.50%	28.36%
Forward PE	-	-	-	-	-	66.95	52.16
No. Analysts	-	-	-	-	-	45	42

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	16.1B	22.2B
Avg	14.9B	18.5B
Low	13.7B	15.8B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	39.1%	48.8%
Avg	29.3%	23.7%
Low	18.2%	5.4%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	2.35	4.06
Avg	1.85	2.37
Low	1.29	1.62

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	150.2%	120.0%
Avg	96.5%	28.4%
Low	37.6%	-12.5%

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.