Shopify Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Shopify Inc. (NASDAQ:SHOP) will release earnings for its third quarter before the opening bell on Tuesday, Nov. 3.

Analysts expect the Ottawa, Canada-based company to report quarterly earnings of 46 cents per share, up from 34 cents per share in the year-ago period. The consensus estimate for SHOP’s quarterly revenue is $3.74 billion. It reported $2.84 billion last year, according to Benzinga Pro.

Shopify, during September, announced a partnership with Meta Platforms, Inc. (NASDAQ:META). The agreement integrates Shopify’s e-commerce infrastructure with Meta’s Muse personal AI agent, allowing users to shop across Shopify-powered merchants and process purchases via Shop Pay.

Shares of Shopify slipped 0.8% to close at $156.22 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 raised the price target from $196 to $216 on Oct. 28, 2026. This analyst has an accuracy rate of 70%.
• Oppenheimer analyst Ken Wong maintained the stock with an Outperform rating and raised the price target from $175 to $205 on Oct. 23, 2026. This analyst has an accuracy rate of 68%.
• RBC Capital analyst Paul Treiber maintained the stock with an Outperform rating and boosted the price target from $180 to $200 on Oct. 16, 2026. This analyst has an accuracy rate of 74%.
• Baird analyst Colin Sebastian maintained an Outperform rating and increased the price target from $160 to $190 on Oct. 14, 2026. This analyst has an accuracy rate of 79%.
• Cantor Fitzgerald analyst Deepak Mathivanan maintained the stock with a Neutral rating and increased the price target from $145 to $158 on Oct. 12, 2026. This analyst has an accuracy rate of 71%.

Considering buying SHOP stock? Here’s what analysts think:

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