Wedbush Weighs in on Shopify's Q3 Earnings (NYSE:SHOP)

Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP - Equities researchers at Wedbush upped their Q3 2025 EPS estimates for Shopify in a research note issued to investors on Monday, January 6th. Wedbush analyst S. Devitt now forecasts that the software maker will earn $0.28 per share for the quarter, up from their prior estimate of $0.26. Wedbush currently has a "Outperform" rating and a $125.00 target price on the stock. The consensus estimate for Shopify's current full-year earnings is $0.90 per share. Wedbush also issued estimates for Shopify's Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.06 EPS and FY2026 earnings at $1.49 EPS.

Other research analysts have also issued reports about the stock. DZ Bank lowered shares of Shopify from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st. Oppenheimer lifted their price objective on Shopify from $90.00 to $130.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Robert W. Baird increased their target price on Shopify from $90.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $120.00 price target on shares of Shopify in a research report on Thursday, December 12th. Finally, Mizuho increased their price objective on Shopify from $68.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $99.88.

Shopify Stock Performance

SHOP stock traded up $0.96 during midday trading on Thursday, hitting $107.74. 5,183,146 shares of the company traded hands, compared to its average volume of 5,161,610. The business has a 50 day simple moving average of $106.86 and a 200-day simple moving average of $83.99. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. Shopify has a twelve month low of $48.56 and a twelve month high of $120.72. The stock has a market capitalization of $139.21 billion, a price-to-earnings ratio of 100.69, a price-to-earnings-growth ratio of 2.98 and a beta of 2.46.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. increased its stake in shares of Shopify by 14.7% in the 3rd quarter. Baillie Gifford & Co. now owns 63,366,308 shares of the software maker's stock valued at $5,078,176,000 after buying an additional 8,131,160 shares during the period. FMR LLC increased its position in Shopify by 16.1% in the third quarter. FMR LLC now owns 42,306,077 shares of the software maker's stock worth $3,389,637,000 after purchasing an additional 5,869,795 shares during the period. Legal & General Group Plc raised its holdings in Shopify by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 8,233,517 shares of the software maker's stock worth $544,017,000 after purchasing an additional 145,618 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Shopify by 6.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,211,511 shares of the software maker's stock valued at $658,248,000 after purchasing an additional 484,561 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of Shopify by 28.0% in the 3rd quarter. National Bank of Canada FI now owns 7,408,880 shares of the software maker's stock valued at $593,588,000 after purchasing an additional 1,621,981 shares during the last quarter. Institutional investors own 69.27% of the company's stock.

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.