Shopify Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Shopify Inc. SHOP will release its fourth-quarter financial results, before the opening bell, on Tuesday, Feb. 11, 2025.

Analysts expect the Ottawa, Canada-based company to report quarterly earnings at 43 cents per share, up from 34 cents per share in the year-ago period. Shopify projects quarterly revenue of $2.73 billion, compared to $2.14 billion a year earlier, according to data from Benzinga Pro.

On Jan. 7, EMERGE Commerce Ltd announced the sale of its premium web domains, Shop.ca and Shop.us, to Shopify for $375,000, or around CA$536,000.

Shopify shares gained 2.1% to close at $119.90 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

RBC Capital analyst Paul Treiber reiterated an Outperform rating with a price target of $130 on Jan. 22, 2025. This analyst has an accuracy rate of 74%.
Wedbush analyst Scott Devitt upgraded the stock from Neutral to Outperform and raised the price target from $115 to $125 on Jan. 6, 2025. This analyst has an accuracy rate of 84%.
JMP Securities analyst Andrew Boone reiterated a Market Outperform rating with a price target of $120 on Dec. 12, 2024. This analyst has an accuracy rate of 82%.
MoffettNathanson analyst Michael Morton maintained a Neutral rating and raised the price target from $86 to $99 on Nov. 26, 2024. This analyst has an accuracy rate of 69%.
Oppenheimer analyst Ken Wong maintained an Outperform rating and boosted the price target from $90 to $130 on Nov. 13, 2024. This analyst has an accuracy rate of 81%.

Considering buying SHOP stock? Here’s what analysts think: