Shopify Soars 3.82% Ahead of Earnings

On May 8, 2025, Shopify's stock price surged by 3.82% in pre-market trading, reflecting a positive market sentiment ahead of the company's first-quarter earnings release.

Shopify is expected to report its first-quarter earnings on May 8, 2025. Analysts anticipate that the company will post earnings of 26 cents per share, up from 20 cents per share in the same period last year. Revenue is projected to reach $2.33 billion, compared to $1.86 billion a year earlier.

Ask Aime: "Will Shopify beat Q1 earnings projections?"

Shopify and affirm holdings have announced plans to accelerate their global expansion, which could further drive growth and investor interest in the company.

Analysts have mixed opinions on Shopify's stock. Some have maintained their buy ratings, while others have downgraded their price targets. For instance, BMO Capital analyst Thomas Moschopoulos initiated coverage with an Outperform rating and a price target of $120. Meanwhile, Truist Securities analyst Terry Tillman maintained a Hold rating but cut the price target to $100.

Investors are also closely watching how Shopify's merchants are responding to global trade uncertainties and tariff policies. Analysts expect that Shopify's flexible operating model and AI-driven strategies will help the company navigate these challenges and maintain strong margins.