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Shopify (SHOP) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChart

SHOP Stock Forecast

Shopify (SHOP) stock forecast, based on 57 Wall Street analysts, predicts a 12-month average price target of $112.14, with a high of $125.00 and a low of $100.00. This represents a 4.12% increase from the last price of $107.70.

SHOP Stock Rating

Shopify stock's rating consensus is Buy, based on 57 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 36 Buy (63.16%), 20 Hold (35.09%), 1 Sell (1.75%), and 0 Strong Sell (0.00%).

Buy
Total 57 1 20 36 Strong Sell Sell Hold Buy Strong Buy

SHOP Price Target Upside V Benchmarks

TypeNameUpside
StockShopify4.12%
SectorTechnology Stocks 12.98%

Price Target Trends

1M3M12M
# Anlaysts3527
Avg Price Target$110.00$109.00$95.89
Last Closing Price$107.70$107.70$107.70
Upside/Downside2.14%1.21%-10.97%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
May, 251224151153
Apr, 251223151152
Mar, 251223151152
Feb, 251124181155
Jan, 25923201154
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 06, 2025Terry TillmanTruist Financial$100.00$93.836.58%-7.15%
May 06, 2025Thanos MoschopoulosBMO Capital$120.00$93.8327.89%11.42%
May 05, 2025Samad SamanaJefferies$110.00$98.3811.81%2.14%
Apr 23, 2025Justin PattersonKeyBanc$105.00$90.9615.44%-2.51%
Apr 15, 2025Scott DevittWedbush$110.00$83.9131.09%2.14%
Jan 10, 2025Dan SalmonNew Street$115.00$103.7110.89%6.78%
Jan 06, 2025Scott DevittWedbush$125.00$114.249.42%16.06%
Dec 02, 2024Bhavin ShahDeutsche Bank$125.00$115.608.13%16.06%
Nov 13, 2024Clarke JeffriesPiper Sandler$94.00$69.3035.64%-12.72%
Nov 13, 2024Anthony ChukumbaLoop Capital Markets$110.00$69.3058.73%2.14%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
May 06, 2025BMO CapitalOutperforminitialise
May 05, 2025Exane BNP ParibasOutperformNeutraldowngrade
May 05, 2025JefferiesHoldHoldhold
Apr 23, 2025KeyBancOverweightOverweighthold
Apr 15, 2025WedbushOutperformOutperformhold
Jan 29, 2025Deutsche BankBuyBuyhold
Jan 10, 2025New StreetNeutralinitialise
Jan 07, 2025Cantor FitzgeraldNeutralNeutralhold
Jan 06, 2025WedbushNeutralOutperformupgrade
Dec 04, 2024Deutsche BankBuyBuyhold

Financial Forecast

EPS Forecast

$-3 $-2 $-1 $0 $1 $2 $3 $4 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28 Dec 29
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28Dec 29
Reported$0.28$2.32$-2.73$0.10$1.56-----
Avg Forecast$0.36$0.63$-0.04$0.70$1.28$1.51$1.90$2.64$3.04$3.43
High Forecast$0.39$0.67$-0.03$0.75$1.36$1.81$2.90$3.30$3.31$3.74
Low Forecast$0.35$0.61$-0.04$0.60$1.20$1.22$1.40$2.02$2.87$3.24
Surprise %-22.22%268.25%6725.00%-85.71%21.88%-----

Revenue Forecast

$0 $6B $12B $18B $24B $30B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28 Dec 29
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28Dec 29
Reported$2.93B$4.61B$5.60B$7.06B$8.88B-----
Avg Forecast$2.91B$4.54B$5.47B$7.13B$8.72B$10.94B$13.26B$16.41B$19.55B$23.64B
High Forecast$3.04B$4.75B$5.70B$7.18B$8.75B$11.27B$15.19B$16.65B$20.92B$25.31B
Low Forecast$2.84B$4.43B$5.28B$7.10B$8.70B$10.59B$12.34B$16.16B$18.73B$22.65B
Surprise %0.72%1.51%2.41%-1.01%1.86%-----

Net Income Forecast

$-5B $-2B $1B $4B $7B $10B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28 Dec 29
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28Dec 29
Reported$319.51M$2.91B$-3.46B$132.00M$2.02B-----
Avg Forecast$3.46B$5.73B$6.46B$132.00M$1.61B$1.95B$1.87B$3.44B$3.93B$4.44B
High Forecast$4.19B$7.00B$7.89B$161.10M$1.76B$2.34B$3.75B$4.27B$4.29B$4.85B
Low Forecast$2.74B$4.46B$5.03B$102.90M$1.55B$1.58B$1.81B$2.61B$3.72B$4.20B
Surprise %-90.78%-49.15%-153.54%-25.40%-----

SHOP Forecast FAQ

Is Shopify stock a buy?

Shopify stock has a consensus rating of Buy, based on 57 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 36 Buy, 20 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Shopify is a favorable investment for most analysts.

What is Shopify's price target?

Shopify's price target, set by 57 Wall Street analysts, averages $112.14 over the next 12 months. The price target range spans from $100 at the low end to $125 at the high end, suggesting a potential 4.12% change from the previous closing price of $107.7.

How does Shopify stock forecast compare to its benchmarks?

Shopify's stock forecast shows a 4.12% upside, underperforming the average forecast for the technology stocks sector (12.98%).

What is the breakdown of analyst ratings for Shopify over the past three months?

  • May 2025: 22.64% Strong Buy, 45.28% Buy, 28.30% Hold, 1.89% Sell, 1.89% Strong Sell.
  • April 2025: 23.08% Strong Buy, 44.23% Buy, 28.85% Hold, 1.92% Sell, 1.92% Strong Sell.
  • March 2025: 23.08% Strong Buy, 44.23% Buy, 28.85% Hold, 1.92% Sell, 1.92% Strong Sell.

What is Shopify’s EPS forecast?

Shopify's average annual EPS forecast for its fiscal year ending in December 2025 is $1.51, marking a -3.21% decrease from the reported $1.56 in 2024. Estimates for the following years are $1.9 in 2026, $2.64 in 2027, $3.04 in 2028, and $3.43 in 2029.

What is Shopify’s revenue forecast?

Shopify's average annual revenue forecast for its fiscal year ending in December 2025 is $10.94B, reflecting a 23.20% increase from the reported $8.88B in 2024. The forecast for 2026 is $13.26B, followed by $16.41B for 2027, $19.55B for 2028, and $23.64B for 2029.

What is Shopify’s net income forecast?

Shopify's net income forecast for the fiscal year ending in December 2025 stands at $1.95B, representing a -3.38% decrease from the reported $2.02B in 2024. Projections indicate $1.87B in 2026, $3.44B in 2027, $3.93B in 2028, and $4.44B in 2029.