Seaport Res Ptn Has Bullish Forecast for Shopify Q3 Earnings

Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP - Equities researchers at Seaport Res Ptn upped their Q3 2026 EPS estimates for Shopify in a report issued on Monday, July 14th. Seaport Res Ptn analyst J. Cantwell now anticipates that the software maker will post earnings per share of $0.38 for the quarter, up from their prior estimate of $0.37. The consensus estimate for Shopify's current full-year earnings is $1.12 per share. Seaport Res Ptn also issued estimates for Shopify's FY2026 earnings at $1.51 EPS.

A number of other research firms also recently weighed in on SHOP. Needham & Company LLC assumed coverage on shares of Shopify in a research note on Monday. They set a "buy" rating and a $135.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Shopify from $107.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Wedbush reaffirmed an "outperform" rating and set a $110.00 price target on shares of Shopify in a research note on Tuesday, April 15th. Barclays decreased their price objective on shares of Shopify from $100.00 to $94.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Finally, BNP Paribas Exane lowered shares of Shopify from an "outperform" rating to a "neutral" rating and set a $100.00 price target for the company. in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Shopify presently has an average rating of "Moderate Buy" and an average target price of $117.45.

Shopify Stock Performance

NYSE SHOP traded up $0.45 during mid-day trading on Wednesday, reaching $127.20. 4,563,247 shares of the stock were exchanged, compared to its average volume of 9,257,894. Shopify has a 1-year low of $48.56 and a 1-year high of $129.38. The business's fifty day simple moving average is $109.81 and its 200 day simple moving average is $105.25. The stock has a market capitalization of $165.03 billion, a PE ratio of 82.31, a PEG ratio of 4.82 and a beta of 2.61.

Institutional Investors Weigh In On Shopify

Large investors have recently made changes to their positions in the company. Family Legacy Financial Solutions LLC acquired a new stake in shares of Shopify during the second quarter valued at approximately $25,000. Allianz SE purchased a new position in Shopify during the fourth quarter valued at approximately $27,000. Coastline Trust Co purchased a new position in Shopify during the second quarter valued at approximately $29,000. Fourth Dimension Wealth LLC purchased a new position in Shopify during the fourth quarter valued at approximately $30,000. Finally, Smithfield Trust Co grew its position in Shopify by 149.2% during the first quarter. Smithfield Trust Co now owns 314 shares of the software maker's stock valued at $30,000 after purchasing an additional 188 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company's stock.

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.