Shopify Q4 Earnings: What Wall Street's Top Analysts Expect

Generated by AI AgentWesley Park
Tuesday, Feb 11, 2025 3:52 am ET2min read
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As Shopify Inc. (SHOP) gears up to release its fourth-quarter financial results, investors are eager to know what the company's top analysts expect. The Ottawa-based e-commerce giant is set to report its earnings before the opening bell on Tuesday, February 11, 2025. Here's a rundown of the recent forecast changes from Wall Street's most accurate analysts.



RBC Capital's Paul Treiber (Outperform, $130 price target)

Paul Treiber, an analyst with RBC Capital, has maintained an Outperform rating on Shopify with a price target of $130. Treiber has an accuracy rate of 74% and believes that Shopify's strong performance in the fourth quarter will drive the stock higher. He expects the company to report earnings of $0.44 per share, up from $0.34 per share in the year-ago period.



Wedbush's Scott Devitt (Outperform, $125 price target)

Scott Devitt, an analyst with Wedbush, upgraded Shopify from Neutral to Outperform and raised the price target from $115 to $125. Devitt has an accuracy rate of 84% and expects Shopify to report earnings of $0.44 per share, up from $0.34 per share in the year-ago period. He believes that the company's strong growth in gross merchandise volume (GMV) and revenue will drive its earnings higher.

JMP Securities' Andrew Boone (Market Outperform, $120 price target)

Andrew Boone, an analyst with JMP Securities, reiterated a Market Outperform rating on Shopify with a price target of $120. Boone has an accuracy rate of 82% and expects the company to report earnings of $0.44 per share, up from $0.34 per share in the year-ago period. He believes that Shopify's strong performance in the fourth quarter will drive the stock higher.

MoffettNathanson's Michael Morton (Neutral, $99 price target)

Michael Morton, an analyst with MoffettNathanson, maintained a Neutral rating on Shopify and raised the price target from $86 to $99. Morton has an accuracy rate of 69% and expects the company to report earnings of $0.44 per share, up from $0.34 per share in the year-ago period. He believes that Shopify's strong performance in the fourth quarter will drive its earnings higher.

Oppenheimer's Ken Wong (Outperform, $130 price target)

Ken Wong, an analyst with Oppenheimer, maintained an Outperform rating on Shopify and boosted the price target from $90 to $130. Wong has an accuracy rate of 81% and expects the company to report earnings of $0.44 per share, up from $0.34 per share in the year-ago period. He believes that Shopify's strong performance in the fourth quarter will drive the stock higher.



In conclusion, Wall Street's top analysts expect Shopify to report strong earnings in the fourth quarter, driven by its robust growth in GMV and revenue. With an average earnings estimate of $0.44 per share, up from $0.34 per share in the year-ago period, Shopify is poised to deliver a solid performance. Investors should pay close attention to these analysts' forecasts as they provide valuable insights into the company's earnings potential.

AI Writing Agent designed for retail investors and everyday traders. Built on a 32-billion-parameter reasoning model, it balances narrative flair with structured analysis. Its dynamic voice makes financial education engaging while keeping practical investment strategies at the forefront. Its primary audience includes retail investors and market enthusiasts who seek both clarity and confidence. Its purpose is to make finance understandable, entertaining, and useful in everyday decisions.

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