Shopify Option Alert: Jun 20 $110 Puts at the Bid: 1200 vs 2725 OI

Shopify Option Alert: Jun 20 $110 Puts at the Bid: 1200 @ $6.85 vs 2725 OI; Ref=$122.1875

Shopify Option Alert: Sep 19 $160 Calls at the Bid: 800 vs 314 OI

Shopify Option Alert: Sep 19 $160 Calls at the Bid: 800 @ $7.25 vs 314 OI; Ref=$122.23

Shopify Option Alert: Jan, 2027 $60 Calls Sweep (20) near the Bid: 67 vs 112 OI

Shopify Option Alert: Jan, 2027 $60 Calls Sweep (20) near the Bid: 67 @ $76.3 vs 112 OI; Ref=$127.585

Shopify (NYSE:SHOP) Stock

Shopify

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

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Affirm Holdings Inc (NASDAQ:AFRM) shares are trading higher Thursday after the company and Shopify Inc (NYSE:SHOP) announced an expanded global agreement.

Affirm Expands Shopify Partnership

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Shopify&#39;s Q4 revenue beat expectations with accelerating growth, but profitability expansion concerns raise questions for analysts.

Shopify Posts Solid Q4, Analysts Expect Further Market Share Gains

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Sunstone Hotel Investors, Inc. 6.125% Series H Cumulative Redeemable Preferred Stock

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Shares of companies in the broader technology sector are trading lower amid overall market weakness on US consumer and economic concerns.

Affirm Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) and Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) on Thursday announced an <a href="https://www.benzinga.com/pressreleases/25/02/b43848069/affirm-and-shopify-take-multi-year-partnership-global">expanded global agreement</a>.
What Happened: Affirm announced an expanded agreement with Shopify, making the company the exclusive pay-over-time provider for Shop Pay Installments in the U.S. and Canada. Affirm also noted that it plans to enter the U.K. in the near term. 
&#8220;Given the success of our long-standing partnership with Affirm in the U.S., bringing them to our merchants internationally is a no brainer,&#8221; said Kaz Nejatian, COO of Shopify. 
Eligible Shopify merchants in Canada will now be able to offer Shop Pay Installments powered by Affirm at checkout over the coming months. Approved customers will gain the ability to choose from customized payment plans. 
Affirm founder and CEO Max Levchin noted that the company has seen strong global demand for its payment plans on Shopify-powered platforms. 
Affirm reported fiscal <a href="https://www.benzinga.com/news/earnings/25/02/43546801/affirm-shares-climb-after-q2-report-beats-estimates-strong-fy25-guidance">second-quarter financial results</a> earlier this month. The company&#8217;s active customer base grew 23% year-over-year to 21 million as gross merchandise volume jumped 35%. In a letter to shareholders, the company said, "Affirm is in the strongest shape it&#8217;s ever been.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/25/02/43846533/alibaba-q3-earnings-revenue-and-eps-beat-eyes-global-e-commerce-profitability-in-fy25-increase-investments-in-ai">Alibaba Q3 Earnings: Revenue And EPS Beat, Eyes Global E-Commerce Profitability In FY25, Increase Investments In AI</a>
AFRM Price Action: <a href="http://benzinga.com/quote/afrm">Affirm shares</a> were down 3.43% at $73.76 at the time of publication Thursday, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Affirm.

Affirm And Shopify Expand Global Partnership, Affirm Becomes Exclusive Pay-Over-Time Provider For Shop Pay Installments In U.S. And Now Canada, Plans U.K. Entry

Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) has outperformed the market over the past 10 years by 39.69% on an annualized basis producing an average annual return of 50.84%. Currently, Shopify has a market capitalization of $165.84 billion. 
Buying $1000 In SHOP: If an investor had bought $1000 of SHOP stock 10 years ago, it would be worth $60,771.78 today based on a price of $128.35 for SHOP at the time of writing.
<h3>Shopify's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739807108_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Shopify 10 Years Ago Would Be Worth Today

Shopify shares are trading higher on possible continued strength after multiple raised their respective price targets on the stock on Wednesday.

Shares of Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) tanked in early trading on Wednesday, despite the company reporting <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43636620/shopifys-revenue-growth-outpaces-estimates-but-paypal-related-margin-impact-raises-questions-analyst">a fourth-quarter revenue beat</a>.
Here are some key analyst takeaways.
<ul>
<li>Piper Sandler <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/61387715a3c6b90001ec2bda/clarke-jeffries">analyst Clarke Jeffries</a> reaffirmed a Neutral rating, while raising the price target from $94 to $104.</li>
<li>Goldman Sachs <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/589dc33e43eaaa000122c59a/gabriela-borges">analyst Gabriela Borges</a> reiterated a Buy rating, while lifting the price target from $135 to $150.</li>
<li>JPMorgan <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/611bba00b4035700018b67b6/reginald-smith">analyst Reginald Smith</a> maintained an Overweight rating, while raising the price target from $121 to $124.</li>
<li>Cantor Fitzgerald <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/596f57cb35f48b00011db3ec/deepak-mathivanan">analyst Deepak Mathivanan</a> reiterated a Neutral rating and price target of $120.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Piper Sandler: Shopify's revenues came in at $2.812 billion. It surpasses expectations, with growth accelerating to 31% year-on-year, Jeffries said in a note. Gross merchandise value (GMV) also accelerated to 26% year-on-year and came in at $94.5 billion, beating Street estimate of $92.7 billion.
Management guided to revenue growth in the mid-20s range for the first quarter, with gross profit growth in the low-20s range, the analyst stated. "All great news for Bulls, save for the company&#8217;s guarded commentary about near-term profitability expansion: prioritizing investment in key areas with the aim to maintain this level of FCF profitability for the near-term," he further wrote.
Goldman Sachs Shopify's GMV and revenues came in 2% and 3% higher than Street estimates, while its EBIT margin beat expectations by around 50 basis points, Borges said. Management guided to revenue growth in mid-20% year-on-year for the first quarter, versus consensus of 25%, she added.
Shopify continues to make progress in the enterprise segment, which could be "a key growth driver" this year, the analyst stated. The company's GMV growth rate as a percentage of US eCommerce growth continues to climb, "indicating that investments are coming from a position of strength i.e. accelerating market share gains," she further wrote.
JPMorgan: Shopify reported "another solid beat," with accelerating volume and revenue growth and upside to free cash flow margins. The company's "relatively soft" margin guidance for the first quarter does not reflect its longer-term margin expansion opportunity, Smith said.
Although the current momentum is not sustainable in the long term, the analyst wrote. But Shopify can &#8220;lean in on discretionary marketing spend" and position itself "extremely well for near-term earnings upside,"
Cantor Fitzgerald: Shopify's GMV growth accelerated by 2 percentage points to 26% year-on-year. That&#8217;s "the fastest growth in nearly 12 quarters," Mathivanan said. The implied operating income guidance for the first quarter is around 10% below the Street estimate, "which likely includes SHOP&#8217;s usual conservatism," he wrote.
The guidance does trigger some concern around the company's growth and profitability over the next few quarters, the analyst stated. Shopify has "a strong roadmap in several areas, he adds. They include Enterprise, Plus, advertising, and payments &#8211; which could keep deceleration modest over next few quarters."
Price Action: Shares of Shopify had declined by 1.93% to $121.21 at the time of publication on Thursday.
Read More:<a href="https://www.benzinga.com/25/02/43485175/amd-alphabet-snap-chipotle-and-tesla-why-these-5-stocks-are-on-investors-radars-today"></a> 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/02/43649078/shopify-secures-12-of-us-e-commerce-pie-as-reebok-champion-and-warner-music-join-platform">Shopify Secures 12% Of US E-Commerce Pie As Reebok, Champion, And Warner Music Join Platform</a></li>
</ul>
Image: Shutterstock

Morgan Stanley analyst Keith Weiss maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Overweight and raises the price target from $126 to $144.

Morgan Stanley Maintains Overweight on Shopify, Raises Price Target to $144

Truist Securities analyst Terry Tillman maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Hold and raises the price target from $110 to $120.

Truist Securities Maintains Hold on Shopify, Raises Price Target to $120

UBS analyst Timothy Chiodo maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Neutral and raises the price target from $110 to $125.

UBS Maintains Neutral on Shopify, Raises Price Target to $125

RBC Capital analyst Paul Treiber maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Outperform and raises the price target from $130 to $145.

RBC Capital Maintains Outperform on Shopify, Raises Price Target to $145

Goldman Sachs analyst Gabriela Borges maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Buy and raises the price target from $135 to $150.

Goldman Sachs Maintains Buy on Shopify, Raises Price Target to $150

Scotiabank analyst Kevin Krishnaratne maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Sector Perform and raises the price target from $115 to $120.

Scotiabank Maintains Sector Perform on Shopify, Raises Price Target to $120

Barclays analyst Trevor Young maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Equal-Weight and raises the price target from $93 to $100.

Barclays Maintains Equal-Weight on Shopify, Raises Price Target to $100

JP Morgan analyst Reginald Smith maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Overweight and raises the price target from $121 to $124.

JP Morgan Maintains Overweight on Shopify, Raises Price Target to $124

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Compass Point cut Fidelity National Information Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) price target from $126 to $113. Compass Point analyst Dominick Gabriele maintained a Buy rating. Fidelity National Information shares closed at $73.16 on Tuesday. <a href="https://www.benzinga.com/quote/FIS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group raised the price target for Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) from $75 to $90. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Zillow shares closed at $83.84 on Tuesday. <a href="https://www.benzinga.com/quote/ZG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Cantor Fitzgerald slashed Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) price target from $15 to $14. Cantor Fitzgerald analyst Deepak Mathivanan maintained a Neutral rating. Lyft shares closed at $14.39 on Tuesday. <a href="https://www.benzinga.com/quote/LYFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark cut the price target for Diodes Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIOD#NASDAQ">DIOD</a>) from $74 to $65. Benchmark analyst David Williams maintained a Buy rating. Diodes shares closed at $50.98 on Tuesday. <a href="https://www.benzinga.com/quote/DIOD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Canaccord Genuity increased the price target for Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) from $125 to $140. Canaccord Genuity analyst David Hynes maintained a Buy rating. Shopify shares closed at $118.00 on Tuesday. <a href="https://www.benzinga.com/quote/SHOP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised i3 Verticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IIIV#NASDAQ">IIIV</a>) price target from $22 to $27. Morgan Stanley analyst James Faucette maintained an Equal-Weight rating. i3 Verticals shares settled at $29.67 on Tuesday. <a href="https://www.benzinga.com/quote/IIIV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities increased Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) price target from $33 to $39. B of A Securities analyst Nat Schindler maintained an Underperform rating. Upstart shares closed at $67.34 on Tuesday. <a href="https://www.benzinga.com/quote/UPST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) price target from $76 to $78. Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating. Coca-Cola shares closed at $67.60 on Tuesday.  <a href="https://www.benzinga.com/quote/KO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut the price target for Arvinas, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>) from $63 to $51. Stifel analyst Bradley Canino maintained a Buy rating. Arvinas shares settled at $17.68 on Tuesday. <a href="https://www.benzinga.com/quote/ARVN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group increased Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) price target from $190 to $200. Evercore ISI Group analyst Kirk Materne maintained an Outperform rating. Snowflake shares closed at $183.55 on Monday. <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read This Next: 
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</ul>

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Snowflake To Rally Around 9%? Here Are 10 Top Analyst Forecasts For Wednesday

Evercore ISI Group analyst Mark Mahaney maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Outperform and raises the price target from $125 to $140.

Evercore ISI Group Maintains Outperform on Shopify, Raises Price Target to $140

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Neutral and maintains $120 price target.

Cantor Fitzgerald Reiterates Neutral on Shopify, Maintains $120 Price Target

Canaccord Genuity analyst David Hynes maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Buy and raises the price target from $125 to $140.

Canaccord Genuity Maintains Buy on Shopify, Raises Price Target to $140

Oppenheimer analyst Ken Wong maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Outperform and raises the price target from $130 to $150.

Oppenheimer Maintains Outperform on Shopify, Raises Price Target to $150

Piper Sandler analyst Clarke Jeffries maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Neutral and raises the price target from $94 to $104.

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
11:47 AMFeb 20, 2025	PUT	$110.00	Jun 20, 2025	117	1205	1200	44	2725	TRADE	NEUTRAL
11:46 AMFeb 20, 2025	CALL	$160.00	Sep 19, 2025	208	200	800	64	314	TRADE	BEARISH
12:10 PMFeb 14, 2025	CALL	$60.00	Jan 15, 2027	691	167	67	149	112	SWEEP	BEARISH

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