Wedbush Issues Positive Forecast for Shopify Earnings

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Equities researchers at Wedbush raised their Q3 2025 earnings per share (EPS) estimates for Shopify in a report released on Monday, January 6th. Wedbush analyst S. Devitt now forecasts that the software maker will post earnings of $0.28 per share for the quarter, up from their prior forecast of $0.26. Wedbush currently has a “Outperform” rating and a $125.00 target price on the stock. The consensus estimate for Shopify’s current full-year earnings is $0.90 per share. Wedbush also issued estimates for Shopify’s Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.06 EPS and FY2026 earnings at $1.49 EPS.

A number of other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Shopify from $88.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. JMP Securities restated a “market outperform” rating and set a $120.00 target price on shares of Shopify in a research report on Thursday, December 12th. Citigroup raised their target price on shares of Shopify from $90.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Mizuho increased their price target on Shopify from $68.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Finally, KeyCorp lifted their price objective on Shopify from $80.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shopify presently has a consensus rating of “Moderate Buy” and an average target price of $99.88.

Shopify Stock Performance

SHOP opened at $107.74 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.10 and a quick ratio of 7.10. The business has a fifty day simple moving average of $106.27 and a 200 day simple moving average of $83.83. Shopify has a 1 year low of $48.56 and a 1 year high of $120.72. The company has a market capitalization of $139.21 billion, a PE ratio of 100.69, a price-to-earnings-growth ratio of 2.98 and a beta of 2.46.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its holdings in shares of Shopify by 14.7% in the 3rd quarter. Baillie Gifford & Co. now owns 63,366,308 shares of the software maker’s stock worth $5,078,176,000 after purchasing an additional 8,131,160 shares in the last quarter. FMR LLC raised its holdings in Shopify by 16.1% during the third quarter. FMR LLC now owns 42,306,077 shares of the software maker’s stock worth $3,389,637,000 after buying an additional 5,869,795 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Shopify by 49.9% in the second quarter. Mackenzie Financial Corp now owns 6,315,028 shares of the software maker’s stock valued at $417,386,000 after buying an additional 2,102,939 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Shopify by 54.2% during the second quarter. Clearbridge Investments LLC now owns 4,714,691 shares of the software maker’s stock valued at $311,404,000 after buying an additional 1,657,251 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of Shopify by 28.0% during the third quarter. National Bank of Canada FI now owns 7,408,880 shares of the software maker’s stock worth $593,588,000 after acquiring an additional 1,621,981 shares in the last quarter. 69.27% of the stock is owned by institutional investors.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.