Shopify Stock Soars 3.67% Ahead of Earnings
1min read On May 8, 2025, Shopify's stock price surged by 3.67% in pre-market trading, reflecting positive market sentiment ahead of the company's first-quarter earnings release.
Shopify is set to release its first-quarter earnings results before the market opens on May 8, 2025. Analysts anticipate the company to report quarterly earnings of 26 cents per share, an increase from 20 cents per share in the same period last year. Revenue is projected to reach $2.33 billion, up from $1.86 billion a year earlier.
Shopify and Affirm Holdings have announced plans to accelerate their global expansion, which could further drive growth and attract more merchants to the platform. This strategic move is expected to enhance Shopify's market position and potentially boost its stock price.
Several analysts have recently adjusted their ratings and price targets for Shopify. Truist Securities maintained a Hold rating but lowered the price target to $100. Benchmark analyst Mark Zgutowicz kept a Buy rating but reduced the price target to $125. BMO Capital initiated coverage with an Outperform rating and a price target of $120. Oppenheimer analyst Ken Wong maintained an Outperform rating but cut the price target to $125. Keybanc analyst Philip Gibbs kept an Overweight rating but lowered the price target to $105.
JP Morgan analyst Reginald L. Smith reiterated an Overweight rating on Shopify, with a price forecast of $124. Smith noted that Shopify's shares have rebounded from their April lows and are now trading about 1% below President Trump’s so-called Liberation Day levels. The analyst projects solid first-quarter 2025 results, supported by stable trends in e-commerce and retail spending after adjusting for the leap year effect.
