Shopify Stock's Bullish Run Faces Q4 Earnings Test: Can It Maintain Momentum?

Shopify Inc SHOP will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects 43 cents in EPS and $2.73 billion in revenues as the company reports before market hours.

The stock is up 36.11% over the past year, 12.81% year-to-date.

Let’s look at what the charts indicate for Shopify stock and how the stock currently maps against Wall Street estimates.

Read Also: $1000 Invested In This Stock 15 Years Ago Would Be Worth This Much Today

Shopify Stock Strongly Bullish Ahead Of Q4 Earnings 

Shopify’s share price is trading above the five-day, 20-day and 50-day exponential moving averages. This indicates sustained upward momentum, though the stock is currently facing slight selling pressure.

Chart created using Benzinga Pro

Shopify stock, at $121.34 , trades right above the eight-day simple moving average (SMA) of $118.58 suggesting short-term strength. Longer-term indicators too, remain firmly bullish. Shopify stock is well above its 20-day ($111.55), 50-day ($111.58) and 200-day ($82.34) SMAs, reinforcing the broader bullish sentiment.

The Moving Average Convergence Divergence (MACD) indicator at 3.35 further supports the bullish outlook, reflecting strong momentum.

Meanwhile, Shopify's Relative Strength Index (RSI) of $62.87 places it in neutral territory, indicating there is still room for upward movement before entering overbought conditions.

Investors should watch for whether the slight selling pressure translates into a consolidation phase or if bullish momentum can push the stock to new highs.

Shopify Analysts See Limited Upside

Ratings & Consensus Estimates: The consensus analyst rating on Shopify stock stands at a Buy currently with a price target of $98.44. The latest ratings from RBC Capital, Wedbush and JMP Securities give Shopify stock a $125 target, implying a 3.43% upside.

SHOP Price Action: Shopify stock was trading at $121 at the time of publication.

Read Next:

• JPMorgan Picks Winners, Losers After DeepSeek Debut: How Alphabet, Amazon, Intel And Oracle Rank

Image: Shutterstock