Wedbush Forecasts Shopify’s Q2 Earnings (NYSE:SHOP)

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Equities research analysts at Wedbush upped their Q2 2025 EPS estimates for shares of Shopify in a note issued to investors 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 has a “Outperform” rating and a $125.00 price objective on the stock. The consensus estimate for Shopify’s current full-year earnings is $0.90 per share.

Several other analysts have also recently weighed in on SHOP. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Shopify in a research report on Monday, October 7th. Scotiabank lifted their price target on Shopify from $75.00 to $80.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Moffett Nathanson upped their price target on Shopify from $86.00 to $99.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Loop Capital raised Shopify from a “hold” rating to a “buy” rating and raised their price objective for the company from $110.00 to $140.00 in a research report on Friday, December 6th. Finally, DZ Bank downgraded shares of Shopify from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. One research 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $99.88.

Shopify Price Performance

Shares of NYSE SHOP opened at $107.74 on Wednesday. Shopify has a 1 year low of $48.56 and a 1 year high of $120.72. The stock has a market capitalization of $139.21 billion, a P/E ratio of 100.69, a P/E/G ratio of 2.98 and a beta of 2.46. The company’s 50-day moving average is $106.86 and its 200 day moving average is $83.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.10 and a quick ratio of 7.10.

Institutional Investors Weigh In On Shopify

A number of hedge funds have recently added to or reduced their stakes in SHOP. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Shopify by 100.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock worth $26,000 after acquiring an additional 200 shares during the period. Hazlett Burt & Watson Inc. bought a new position in Shopify in the second quarter valued at about $33,000. Brooklyn Investment Group purchased a new position in Shopify in the third quarter worth about $33,000. Rosenberg Matthew Hamilton grew its stake in shares of Shopify by 41.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock valued at $36,000 after purchasing an additional 133 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in shares of Shopify during the 3rd quarter valued at about $45,000. 69.27% of the stock is currently owned by hedge funds and other 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.