This is the path of least disruption. You stay on Magento, upgrade to the current LTS version, and buy yourself support through April 2028.
A typical upgrade from 2.4.6 to 2.4.8 takes 2 to 6 weeks depending on your extension count, theme customisation, and whether a PHP version change is required. Magento 2.4.8 runs on PHP 8.3 or 8.4 if your current stack is on an older PHP version, that upgrade happens simultaneously and adds complexity.
The cost range: roughly $5,000 to $30,000 in development time for most mid-sized stores. The main variables are how many third-party extensions you run (each one needs compatibility testing), how heavily customised your theme is, and whether your hosting infrastructure needs updating to support the new PHP requirements.
When this makes sense: Your store has deep Magento-specific customisations (complex B2B pricing, multi-store architecture, custom ERP integrations) that would be expensive to rebuild on another platform. You have a Magento development team or agency relationship already in place. You need the fastest path to getting back on a supported version.
When it doesn’t: You’re already spending $4,000+/month on Magento maintenance and infrastructure. Your development team struggles to find qualified Magento developers (the PHP talent pool has been shrinking relative to demand). You’ll face this same decision again in 18 months when 2.4.8 approaches its own end of life.
The honest reality: Upgrading within Magento is a legitimate short-term fix, but it doesn’t change the trajectory. You’re buying 18–24 months of runway, not solving the underlying platform question. If your total cost of ownership on Magento is already straining your budget, upgrading to 2.4.8 delays the reckoning without reducing the cost.
To understand how this fits into the macro trends of the wider market, read our comprehensive market report on the 2026 eCommerce platform migration trend to evaluate your long-term infrastructure roadmap.