L'intérêt à découvert pour Shopify donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Shopify. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Shopify (NYSE:SHOP) Stock, Rapport sur les intérêts à découvert

Shopify

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Shopify Inc. Class A Subordinate Voting Shares

Shopify Inc

SHOPX

Sunstone Hotel Investors, Inc. 6.125% Series H Cumulative Redeemable Preferred Stock

Sunstone Hotel Investors Inc

Sunstone Hotel Investors, Inc. 5.70% Series I Cumulative Redeemable Preferred Stock

Shopping

SHOPRITE HLDGS LTD S/ADR by Shoprite Holdings Ltd.

Shoprite Holdings Ltd

SHOPRITE HLDGS LTD ORD by Shoprite Holdings Ltd.

Billionaire entrepreneur Mark Cuban believes micromanagement is a <a href="https://www.benzinga.com/general/24/02/36955564/the-moment-mark-cuban-knew-he-could-not-work-in-the-corporate-world-his-bank-boss-yelled-at-him-for">sign that something is broken</a>.
What To Know:&nbsp;Ofek Lavian, CEO of fintech company&nbsp;Forage, recently posted a thread on&nbsp;<a href="https://twitter.com/OfekLavian/status/1766950034581700697">X</a>&nbsp;focused on counterintuitive leadership principles. Cuban responded to the thread, noting that he agreed with everything except for the post on micromanaging.
"Pretty darn good list. Agree with all but micromanage," Cuban said. "Micromanage early. Trust the process or fix what's broken if you always have to micromanage."
CNBC&nbsp;<a href="https://www.cnbc.com/2024/03/22/mark-cuban-micromanaging-is-a-toxic-trait-with-one-exception.html">reported</a>&nbsp;Cuban's opinion on micromanaging was formed from personal experience with his former company Broadcast.com.
Cuban reportedly micromanaged his employees in his early days as he expected them to match his own work ethic. This created a situation in which Cuban was always focused on pushing employees to be better and work faster without thinking about how he was coming off.
"I wish somebody would have told me to be nicer,&#8221; Cuban reportedly said on the "Bio Eats World" podcast last year.
Check This Out: <a href="https://www.benzinga.com/news/24/11/42027001/mark-cuban-swings-1m-to-golf-company-despite-hating-the-sport">Mark Cuban Swings $1M To Golf Company Despite Hating The Sport</a>
Cuban's "go, go, go" mentality and micromanaging tendencies actually hurt the company in its early stages. Cuban recalled one of his business partners pulling him aside and telling him he was scaring some of the employees with his management style. Still, Cuban sold the company to Yahoo for $5.7 billion in stock in 1999.
Lavian's post included a link to a video featuring&nbsp;Shopify Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) co-founder and CEO&nbsp;Tobi Lütke,&nbsp;who argued that the idea of micromanaging is bad is "the dumbest idea on planet Earth."
Although Cuban disagreed with the take, Lavian responded to Cuban, thanking him for his input.
"I try to hire the right team so I don&#8217;t have to micromanage, but I don&#8217;t always get it right," Lavian said.
"Once I know I can trust someone to get the little things right, I know they can devote the same level of detail and attention for the big ones that truly matter."
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/42027035/mark-cuban-planned-to-retire-by-age-35-he-says-theres-only-one-reason-he-didnt">Mark Cuban Planned To Retire By Age 35: He Says There&#8217;s Only One Reason He Didn&#8217;t</a></li>
</ul>
This story is part of a series of features on the subject of success, <a href="https://www.benzinga.com/topic/benzinga-inspire">Benzinga Inspire</a><a href="https://www.benzinga.com/topic/benzinga-inspire">.</a> Some elements of this story were previously reported by Benzinga and it has been updated.
Photo: Shutterstock.

News

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SHOP

Mark Cuban: If You Have To Micromanage, Something Is Probably Broken — 'I Wish Somebody Would Have Told Me To Be Nicer'

<a href="https://techcrunch.com/2024/11/18/perplexity-introduces-a-shopping-feature-for-pro-users/" title="https://techcrunch.com/2024/11/18/perplexity-introduces-a-shopping-feature-for-pro-users/">https://techcrunch.com/2024/11/18/perplexity-introduces-a-shopping-feature-for-pro-users/</a>

AMZN

BIGC

ETSY

GOOG

GOOGL

MSFT

Citigourp Global Markets 2% Protected Notes Linked To The Djia

PINS

Perplexity Launches Shopping Tools With One-Click Checkout, Free Shipping For Pro Users, And Photo-Based Search; Introduces Merchant Program Offering Free API Access And Enhanced Product Recommendations

Deep-pocketed investors have adopted a bearish approach towards Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SHOP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Shopify. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 40% bearish. Among these notable options, 2 are puts, totaling $53,320, and 13 are calls, amounting to $494,750.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $170.0 for Shopify over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Shopify stands at 2029.36, with a total volume reaching 1,909.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Shopify, situated within the strike price corridor from $50.0 to $170.0, throughout the last 30 days.
<h3>Shopify 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731943839_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$32.45</td>
<td>$31.6</td>
<td>$31.95</td>
<td>$85.00</td>
<td>$63.9K</td>
<td>562</td>
<td align="right">46</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$32.1</td>
<td>$31.55</td>
<td>$31.73</td>
<td>$85.00</td>
<td>$63.4K</td>
<td>562</td>
<td align="right">26</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$15.65</td>
<td>$13.5</td>
<td>$14.79</td>
<td>$170.00</td>
<td>$44.2K</td>
<td>98</td>
<td align="right">30</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$34.45</td>
<td>$33.9</td>
<td>$34.29</td>
<td>$75.00</td>
<td>$41.1K</td>
<td>846</td>
<td align="right">12</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$5.95</td>
<td>$5.35</td>
<td>$5.6</td>
<td>$110.00</td>
<td>$39.2K</td>
<td>3.8K</td>
<td align="right">71</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
Following our analysis of the options activities associated with Shopify, we pivot to a closer look at the company's own performance.
<h3>Shopify's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,515,768, with SHOP's price down by -1.3%, positioned at $107.08.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 85 days.</li>
</ul>
<h3>What Analysts Are Saying About Shopify</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $124.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on Shopify, maintaining a target price of $120. 
&#x2A; Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Shopify, targeting a price of $130. 
&#x2A; Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Shopify, targeting a price of $126. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Shopify, targeting a price of $135. 
&#x2A; Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Shopify with a target price of $110. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Shopify options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Shopify Unusual Options Activity

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>MicroStrategy Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock gained 25.97% last week amid the sharp rise in Bitcoin&#8217;s (CRYPTO: BTC/USD) price.</li>
<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) shares escalated 24.53% after the company reported better-than-expected&nbsp;third-quarter results and several analysts revised <a href="https://www.benzinga.com//node/41950175" target="_blank" rel="noreferrer noopener">their price targets on the stock</a>.</li>
<li>Affirm Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) gained 20.80% last week. Wells Fargo maintained an Overweight rating on the stock and raised its <a href="https://www.benzinga.com/quote/afrm/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $52 to $55</a>.</li>
<li>Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) stock upped 16.22% after announcing <a href="https://www.benzinga.com//node/41971559" target="_blank" rel="noreferrer noopener">fourth-quarter results</a>. Analysts raised the <a href="https://www.benzinga.com/quote/dis/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) stock upped 14.39% after the company reported better-than-expected&nbsp;third-quarter&nbsp;earnings and <a href="https://www.benzinga.com//node/41950852" target="_blank" rel="noreferrer noopener">analysts boosted price targets.</a></li>
<li>Jack Dorsey&#8217;s Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) stock increased by 13.06%. Several analysts raised their <a href="https://www.benzinga.com/quote/sq/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts</a> on the stock.</li>
<li>Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) shares gained 12.97% last week. The company recently announced it acquired on-chain payments platform Utopia Labs. A sharp rise in Bitcoin price also played a part.</li>
<li>Palantir Technologies Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) stock upped 12.64%. The company announced it renewed its multi-year enterprise agreement with Rio Tinto for an additional four years of access to its AI platform. It also plans to transfer its stock <a href="https://www.benzinga.com//node/42010539" target="_blank" rel="noreferrer noopener">exchange listing to the Nasdaq</a>.</li>
<li>Grab Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) shares increased 11.82% &nbsp;after the company reported third-quarter&nbsp;results and raised its FY25 revenue<a href="https://www.benzinga.com//node/41889889" target="_blank" rel="noreferrer noopener"> guidance&nbsp;above estimates</a>.</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) shares rose 11.37% after the company reported <a href="https://www.benzinga.com//node/41964319" target="_blank" rel="noreferrer noopener">third-quarter&nbsp;financial results</a>.</li>
</ol>
Photo by Useacoin on Shutterstock

Large Cap

Movers

Trading Ideas

AFRM

COIN

GRAB

MSTR

NTES

PLTR

SPOT

Shopify, Disney And Coinbase Were Among Top 10 Large Cap Gainers Last Week (November 11-15): Are The Others In Your Portfolio?

Whales with a lot of money to spend have taken a noticeably bearish stance on Shopify.
Looking at options history for Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) we detected 42 trades.
If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 52% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $691,916 and 33, calls, for a total amount of $5,852,437.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $120.0 for Shopify over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Shopify's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Shopify's whale trades within a strike price range from $40.0 to $120.0 in the last 30 days. 
<h3>Shopify 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731600949_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$29.4</td>
<td>$28.8</td>
<td>$29.04</td>
<td>$90.00</td>
<td>$1.1M</td>
<td>4.3K</td>
<td>2.0K</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$22.7</td>
<td>$22.0</td>
<td>$22.7</td>
<td>$115.00</td>
<td>$1.1M</td>
<td>2.2K</td>
<td>1.8K</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$22.6</td>
<td>$22.4</td>
<td>$22.4</td>
<td>$115.00</td>
<td>$672.0K</td>
<td>2.2K</td>
<td>1.8K</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$15.9</td>
<td>$15.15</td>
<td>$15.54</td>
<td>$115.00</td>
<td>$634.6K</td>
<td>6.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$15.55</td>
<td>$15.15</td>
<td>$15.48</td>
<td>$115.00</td>
<td>$485.3K</td>
<td>6.0K</td>
<td>2.0K</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
In light of the recent options history for Shopify, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Shopify Standing Right Now?</h3>
<ul>
<li>With a trading volume of 5,624,338, the price of SHOP is down by -4.56%, reaching $109.84.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 89 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Shopify</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $112.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Shopify with a target price of $130. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Shopify, targeting a price of $93. 
&#x2A; Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Shopify with a target price of $94. 
&#x2A; Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on Shopify with a target price of $125. 
&#x2A; Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on Shopify with a target price of $120. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Shopify options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) shares were climbing on Wednesday after the company reported <a href="https://www.benzinga.com/24/11/41940707/shopify-analysts-boost-their-forecasts-following-q3-earnings-results">upbeat third-quarter earnings</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<h1 class="wp-block-heading">JPMorgan On Shopify</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/611bba00b4035700018b67b6/reginald-smith">Analyst Reginald Smith</a> reiterated an Overweight rating while raising the price target from $76 to $121.
Shopify delivered a "big FCF margin beat," Smith said. Free cash flows of $421 million coming in higher than consensus of $340 million and FCF margin of 19.5% coming in around 350 basis points higher than guidance, he added.
"Key volume trends accelerated sequentially, despite tougher compares and a broader slowdown in e-comm spend," the analyst wrote. Total revenues grew 26% year-on-year, versus consensus of 23%, "driven by the fastest GMV (gross merchandise value) growth in nearly three years," he added.
"We note September was Shopify's largest month of B2B volume ever," Smith said.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">Goldman Sachs On Shopify</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/589dc33e43eaaa000122c59a/gabriela-borges">Analyst Gabriela Borges</a> maintained a Buy rating while lifting the price target from $88 to $135.
Shopify's GMV reflects that its share has gained momentum within both the U.S. e-commerce channel and the less mature channels, such as POS and international, Borges said. "Shopify is posting sustained and elevated growth in both Core and Plus MRR independent of pricing changes and a one-time benefit in the second quarter," she added.
Shopify onboarded 16 new enterprise merchants in the third quarter, the analyst stated. "Enterprise is expected to be a more meaningful growth driver in 2025," she further wrote.
SHOP Price Action: Shares of Shopify had jumped 3.20% to $112.40 at the time of publication on Wednesday.
Read More: • <a href="https://www.benzinga.com/news/earnings/24/11/41901788/shopify-q3-earnings-ninth-consecutive-quarter-of-revenue-beat-gmv-up-24-positive-outlook-and-more">Shopify Q3 Earnings: Ninth Consecutive Quarter of Revenue Beats, GMV Up 24%, Positive Outlook And More</a>
Photo: Piotr Swat via Shutterstock

Earnings Beats

Price Target

Reiteration

Analyst Ratings

Shopify's Q3 Earnings Beat Drives Analyst Upgrades, Market Confidence

Wells Fargo analyst Andrew Bauch maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Overweight and raises the price target from $90 to $120.

Wells Fargo Maintains Overweight on Shopify, Raises Price Target to $120

WIIM

Shopify shares are trading higher after several analysts raised their price targets on the stock following the company's Q3 earnings report.

JMP Securities analyst Andrew Boone maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Market Outperform and raises the price target from $80 to $120.

JMP Securities Maintains Market Outperform on Shopify, Raises Price Target to $120

Truist Securities analyst Terry Tillman maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Hold and raises the price target from $65 to $110.

Truist Securities Maintains Hold on Shopify, Raises Price Target to $110

Goldman Sachs analyst Gabriela Borges maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Buy and raises the price target from $88 to $135.

Goldman Sachs Maintains Buy on Shopify, Raises Price Target to $135

Barclays analyst Trevor Young maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Equal-Weight and raises the price target from $70 to $93.

Barclays Maintains Equal-Weight on Shopify, Raises Price Target to $93

Keybanc analyst Josh Beck maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Overweight and raises the price target from $80 to $130.

Keybanc Maintains Overweight on Shopify, Raises Price Target to $130

RBC Capital analyst Paul Treiber maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Outperform and raises the price target from $100 to $130.

RBC Capital Maintains Outperform on Shopify, Raises Price Target to $130

Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) reported better-than-expected third-quarter <a href="https://www.benzinga.com/news/earnings/24/11/41901788/shopify-q3-earnings-ninth-consecutive-quarter-of-revenue-beat-gmv-up-24-positive-outlook-and-more">sales on Tuesday</a>.
Shopify clocked fiscal third-quarter 2024 revenue growth of 26% year-over-year to $2.16 billion, which beat the analyst consensus estimate of $2.11 billion. The e-commerce platform company reported EPS of 64 cents, which beat analyst consensus estimate of 27 cents. The company reported a net income of $344 million compared to $173 million a year ago.
&#8220;Q3 was outstanding, further establishing Shopify as a leader in powering commerce anywhere, anytime. Our unified commerce platform is becoming the go-to choice for merchants of all sizes,&#8221; said Harley Finkelstein, President of Shopify. &#8220;As the busiest shopping season of the year for our merchants approaches, they trust Shopify to provide the tools, unmatched speed, and reliability to maximize their success.&#8221;
Monday.com shares fell 3% to trade at $266.95 on Tuesday.
These analysts made changes to their price targets on Monday.com following earnings announcement.
<ul>
<li>Piper Sandler analyst Clarke Jeffries maintained Shopify with a Neutral and raised the price target from $67 to $94.</li>
<li>Oppenheimer analyst Ken Wong maintained the stock with an Outperform and raised the price target from $90 to $130.</li>
<li>Baird analyst Colin Sebastian maintained Shopify with an Outperform and raised the price target from $90 to $126.</li>
<li>Mizuho analyst Siti Panigrahi maintained Shopify with a Neutral and raised the price target from $68 to $105.</li>
<li>Canaccord Genuity analyst David Hynes maintained the stock with a Buy and raised the price target from $80 to $125.</li>
</ul>
Considering buying SHOP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="562" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13092228/image-136-1024x562.png" alt="" class="wp-image-645416" style="width:691px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13092228/image-136-1024x562.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13092228/image-136-300x165.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13092228/image-136-768x422.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13092228/image-136.png 1202w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Earnings

Shopify Analysts Boost Their Forecasts Following Q3 Earnings Results

Canaccord Genuity analyst David Hynes maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Buy and raises the price target from $80 to $125.

Canaccord Genuity Maintains Buy on Shopify, Raises Price Target to $125

Mizuho analyst Siti Panigrahi maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Neutral and raises the price target from $68 to $105.

Mizuho Maintains Neutral on Shopify, Raises Price Target to $105

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler boosted the price target for Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) from $67 to $94. Piper Sandler analyst Clarke Jeffries maintained a Neutral rating. Shopify shares closed at $108.92 on Tuesday. <a href="https://www.benzinga.com/quote/SHOP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut the price target for Heron Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRTX#NASDAQ">HRTX</a>) from $5 to $4. Needham analyst Serge Belanger maintained a Buy rating. Heron Therapeutics shares closed at $1.28 on Tuesday. <a href="https://www.benzinga.com/quote/HRTX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs raised Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) price target from $132 to $148. Goldman Sachs analyst Stephen Laszczyk maintained a Buy rating. Live Nation shares settled at $129.67 on Tuesday. <a href="https://www.benzinga.com/quote/LYV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised Shift4 Payments, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>) price target from $93 to $120. Piper Sandler analyst Clarke Jeffries maintained an Overweight rating. Shift4 Payments shares closed at $99.12 on Tuesday. <a href="https://www.benzinga.com/quote/FOUR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Phillip Securities boosted Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) price target from $420 to $485. Phillip Securities analyst Jonathan Wolleben downgraded the stock from Buy to Accumulate. Spotify shares closed at $419.39 on Tuesday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Redburn Atlantic cut Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) price target from $84 to $77. Redburn Atlantic analyst Edward Lewis downgraded the stock from Neutral to Sell. Starbucks shares closed at $98.80 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. increased the price target for MAG Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAG#NYSE">MAG</a>) from $18 to $20. HC Wainwright &amp; Co. analyst Heiko Ihle maintained a Buy rating. MAG Silver shares settled at $15.22 on Tuesday. <a href="https://www.benzinga.com/quote/MAG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group boosted Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) price target from $321 to $365. Evercore ISI Group analyst David Raso downgraded the stock from In-Line to Underperform. Caterpillar shares closed at $393.01 on Tuesday. <a href="https://www.benzinga.com/quote/CAT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird raised the price target for Natera, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>) from $120 to $160. Baird analyst Catherine Ramsey maintained an Outperform rating. Natera shares closed at $135.12 on Tuesday. <a href="https://www.benzinga.com/quote/NTRA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham increased Dayforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAY#NYSE">DAY</a>) price target from $82 to $95. Needham analyst Scott Berg maintained a Buy rating. Dayforce shares closed at $78.96 on Tuesday. <a href="https://www.benzinga.com/quote/DAY/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Pre-Market Outlook

FOUR

HRTX

NTRA

SBUX

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Baird analyst Colin Sebastian maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Outperform and raises the price target from $90 to $126.

Baird Maintains Outperform on Shopify, Raises Price Target to $126

Oppenheimer analyst Ken Wong maintains Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Outperform and raises the price target from $90 to $130.

Oppenheimer Maintains Outperform on Shopify, Raises Price Target to $130

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