Shopify (NYSE:SHOP) Issues Earnings Results

Shopify (NYSE:SHOP) (TSE:SHOP) released its earnings results on Tuesday. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10), Zacks reports. Shopify had a net margin of 16.84% and a return on equity of 11.60%. Shopify updated its Q1 2025 guidance to EPS.

Shopify Trading Up 3.4 %

Shares of SHOP opened at $123.98 on Wednesday. Shopify has a fifty-two week low of $48.56 and a fifty-two week high of $125.95. The business has a 50-day moving average of $111.29 and a 200 day moving average of $91.82. The firm has a market cap of $160.19 billion, a P/E ratio of 115.87, a price-to-earnings-growth ratio of 2.49 and a beta of 2.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.10 and a current ratio of 7.10.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays boosted their target price on Shopify from $70.00 to $93.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group boosted their price objective on Shopify from $80.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Piper Sandler increased their target price on Shopify from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday. New Street Research began coverage on shares of Shopify in a research report on Friday, January 10th. They issued a “neutral” rating and a $115.00 price target for the company. Finally, Moffett Nathanson upped their price objective on shares of Shopify from $86.00 to $99.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.66.

About Shopify

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.