Wedbush Has Positive Estimate for Shopify Q2 Earnings

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Equities researchers at Wedbush raised their Q2 2025 earnings estimates for Shopify in a report issued on Monday, January 6th. Wedbush analyst S. Devitt now forecasts that the software maker will earn $0.22 per share for the quarter, up from their previous estimate 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.

Several other research analysts also recently issued reports on SHOP. Scotiabank upped their price objective on Shopify from $75.00 to $80.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Atb Cap Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Barclays lifted their price target on shares of Shopify from $70.00 to $93.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Moffett Nathanson increased their price objective on Shopify from $86.00 to $99.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Finally, Canaccord Genuity Group lifted their target price on Shopify from $80.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $99.88.

Shopify Price Performance

Shares of SHOP opened at $106.84 on Wednesday. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The stock has a market cap of $138.05 billion, a PE ratio of 99.85, a PEG ratio of 2.98 and a beta of 2.46. Shopify has a 12-month low of $48.56 and a 12-month high of $120.72. The business has a 50-day simple moving average of $105.71 and a two-hundred day simple moving average of $83.66.

Hedge Funds Weigh In On Shopify

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

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.