Wedbush Issues Optimistic Estimate for Shopify Earnings

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Equities researchers at Wedbush lifted their Q2 2025 earnings per share (EPS) estimates for shares of Shopify in a research note issued on Monday, January 6th. Wedbush analyst S. Devitt now anticipates that the software maker will post earnings per share of $0.22 for the quarter, up from their previous forecast of $0.20. 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.

SHOP has been the topic of a number of other research reports. Scotiabank boosted their price objective on shares of Shopify from $75.00 to $80.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on Shopify from $88.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company raised their price objective on Shopify from $90.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. JMP Securities reiterated a “market outperform” rating and set a $120.00 target price on shares of Shopify in a research report on Thursday, December 12th. Finally, Piper Sandler raised their price target on Shopify from $67.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Shopify currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.88.

Shopify Price Performance

Shares of NYSE SHOP opened at $107.74 on Wednesday. The company’s fifty day moving average is $106.27 and its two-hundred day moving average is $83.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.10 and a current ratio of 7.10. The firm has a market capitalization of $139.21 billion, a P/E ratio of 100.69, a PEG ratio of 2.98 and a beta of 2.46. Shopify has a one year low of $48.56 and a one year high of $120.72.

Institutional Investors Weigh In On Shopify

A number of institutional investors have recently modified their holdings of SHOP. Sunbelt Securities Inc. lifted its holdings in shares of Shopify by 0.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 14,504 shares of the software maker’s stock worth $1,162,000 after purchasing an additional 105 shares during the last quarter. Moser Wealth Advisors LLC boosted its holdings in shares of Shopify by 1.4% in the third quarter. Moser Wealth Advisors LLC now owns 9,424 shares of the software maker’s stock valued at $755,000 after acquiring an additional 128 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Shopify by 7.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,983 shares of the software maker’s stock valued at $159,000 after purchasing an additional 129 shares during the period. Rosenberg Matthew Hamilton raised its position in Shopify by 41.3% in the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock worth $36,000 after acquiring an additional 133 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in Shopify by 11.8% in the 3rd quarter. CVA Family Office LLC now owns 1,354 shares of the software maker’s stock valued at $109,000 after acquiring an additional 143 shares during the last quarter. Institutional investors own 69.27% of the company’s stock.

Shopify Company Profile

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.