Seaport Res Ptn Forecasts Shopify’s Q3 Earnings (NYSE:SHOP)

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Equities research analysts at Seaport Res Ptn boosted their Q3 2026 earnings per share estimates for shares of Shopify in a research note issued on Monday, July 14th. Seaport Res Ptn analyst J. Cantwell now anticipates that the software maker will earn $0.38 per share for the quarter, up from their previous forecast 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.

Several other equities analysts have also recently issued reports on the company. Morgan Stanley upped their price objective on Shopify from $106.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. BMO Capital Markets initiated coverage on Shopify in a research report on Tuesday, May 6th. They issued an “outperform” rating and a $120.00 price objective on the stock. Wells Fargo & Company upped their price objective on Shopify from $107.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, June 6th. Oppenheimer lowered their price objective on Shopify from $150.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus upped their price objective on Shopify from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shopify currently has a consensus rating of “Moderate Buy” and an average target price of $117.45.

Shopify Stock Up 4.3%

Shopify stock opened at $120.00 on Wednesday. The company has a market capitalization of $155.69 billion, a P/E ratio of 77.42, a PEG ratio of 4.82 and a beta of 2.61. The stock’s 50 day moving average is $109.16 and its 200 day moving average is $105.11. Shopify has a twelve month low of $48.56 and a twelve month high of $129.38.

Institutional Investors Weigh In On Shopify

A number of institutional investors have recently bought and sold shares of SHOP. Family Legacy Financial Solutions LLC purchased a new position in shares of Shopify during the second quarter valued at about $25,000. Allianz SE purchased a new position in shares of Shopify during the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Shopify during the fourth quarter valued at about $30,000. Smithfield Trust Co grew its position in shares of 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. Finally, Dagco Inc. purchased a new position in shares of Shopify during the first quarter valued at about $30,000. Hedge funds and other 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.