Shopify Inc. (NASDAQ:SHOP) will release earnings for its first quarter before the opening bell on Tuesday, May 5.
Analysts expect the Ottawa, Canada-based company to report quarterly earnings of 33 cents per share. That’s up from 25 cents per share in the year-ago period. The consensus estimate for Shopify’s quarterly revenue is $3.09 billion (it reported $2.36 billion last year), according to Benzinga Pro.
On Feb. 11, Shopify reported better-than-expected fourth-quarter revenue and also authorized a $2 billion stock buyback.
Shares of Shopify fell 0.1% to close at $127.55 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Citigroup analyst Tyler Radke maintained a Buy rating and cut the price target from $172 to $163 on April 28, 2026. This analyst has an accuracy rate of 60%.
- Wells Fargo analyst Ken Gawrelski maintained the stock with an Overweight rating and cut the price target from $191 to $166 on April 6, 2026. This analyst has an accuracy rate of 64%.
- Piper Sandler analyst James Callahan assumed an Overweight rating with a price target of $165 on March 12, 2026. This analyst has an accuracy rate of 51%.
- Truist Securities analyst Terry Tillman upgraded the stock from Hold to Buy and increased the price target from $110 to $150 on Feb. 17, 2026. This analyst has an accuracy rate of 56%.
- RBC Capital analyst Paul Treiber maintained an Outperform rating and cut the price target from $200 to $170 on Feb. 12, 2026. This analyst has an accuracy rate of 74%
Considering buying SHOP stock? Here’s what analysts think:
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