FY2026 EPS Estimates for Shopify Lifted by Seaport Res Ptn

Key Points

• Seaport Res Ptn has raised its FY2026 earnings estimate for Shopify to $1.29 per share, up from $1.28, indicating positive expectations for the company's financial performance.
• Shopify reported earnings of $0.35 per share for the last quarter, surpassing analysts' forecasts of $0.29, and achieved a revenue of $2.68 billion, exceeding expectations of $2.55 billion.
• Multiple analysts have improved their price targets for Shopify, with DA Davidson setting a target of $185.00 and Canaccord Genuity increasing theirs to $165.00, showcasing strong investor confidence in the stock.

Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP - Analysts at Seaport Res Ptn upped their FY2026 earnings estimates for shares of Shopify in a research note issued to investors on Monday, October 13th. Seaport Res Ptn analyst J. Cantwell now forecasts that the software maker will earn $1.29 per share for the year, up from their prior estimate of $1.28. The consensus estimate for Shopify's current full-year earnings is $1.12 per share. Seaport Res Ptn also issued estimates for Shopify's Q4 2026 earnings at $0.46 EPS.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last announced its earnings results on Wednesday, August 6th. The software maker reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.06. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.55 billion. Shopify had a net margin of 23.42% and a return on equity of 12.30%. The company's revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 EPS.

A number of other equities analysts have also weighed in on the stock. Arete Research raised shares of Shopify to a "hold" rating in a research note on Wednesday, July 23rd. Canaccord Genuity Group boosted their price target on shares of Shopify from $115.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. DA Davidson boosted their price target on shares of Shopify from $125.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Arete reissued a "neutral" rating on shares of Shopify in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus boosted their price target on shares of Shopify from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. Twenty-two equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $151.95.

Shopify Trading Down 0.5%

Shares of NASDAQ SHOP opened at $152.88 on Wednesday. The firm has a market cap of $198.69 billion, a PE ratio of 85.41, a PEG ratio of 7.19 and a beta of 2.72. Shopify has a 1-year low of $69.84 and a 1-year high of $169.69. The company has a fifty day moving average price of $147.70 and a 200 day moving average price of $119.91.

Institutional Investors Weigh In On Shopify

A number of institutional investors and hedge funds have recently modified their holdings of the company. TABR Capital Management LLC raised its holdings in shares of Shopify by 82.4% in the 3rd quarter. TABR Capital Management LLC now owns 3,420 shares of the software maker's stock valued at $510,000 after purchasing an additional 1,545 shares during the period. Kelly Financial Services LLC acquired a new position in Shopify in the 3rd quarter valued at about $209,000. Munro Partners grew its stake in Shopify by 942.5% in the 3rd quarter. Munro Partners now owns 409,895 shares of the software maker's stock valued at $60,914,000 after buying an additional 370,575 shares during the last quarter. HWG Holdings LP acquired a new position in Shopify in the 3rd quarter valued at about $2,993,000. Finally, Wealth Alliance Advisory Group LLC grew its stake in Shopify by 12.6% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 3,557 shares of the software maker's stock valued at $529,000 after buying an additional 397 shares during the last quarter. 69.27% of the stock is owned by 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.

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