Shopify Gears Up for Q3 Print; Here are the recent forecast changes from Wall Street’s most accurate analysts – Shopify (NYSE:SHOP)

Shopify Inc. SHOP will announce third-quarter earnings results before the opening bell on Tuesday, November 12.

Analysts expect the Ottawa, Canada-based company to report quarterly profit of 37 cents per share, compared with 32 cents per share a year ago. According to data from Benzinga Pro, Shopify expects to report revenue of $2.94 billion this quarter.

The company has exceeded analyst revenue expectations for seven consecutive quarters.

Shopify shares rose 3.3% to close at $89.99 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock price, company name, analyst firm, rating change or other variables.

Let’s see how Benzinga’s most accurate analysts have rated the company recently.

• Scotiabank analyst Kevin Krishnaratne maintained a Sector Perform rating and raised the price target to $80 from $75 on Oct. 24. This analyst has an accuracy rate of 71%.
• RBC Capital analyst Paul Treiber maintained an Outperform rating and raised the price target from $85 to $100 on Oct. 18. This analyst has an accuracy rate of 68%.
• Baird analyst Colin Sebastian maintained an Outperform rating and raised the price target from $79 to $90 on October 9. This analyst has an accuracy rate of 80%.
• Citigroup analyst Tyler Radke maintained a buy rating and raised the price target to $103 from $90 on September 30. This analyst has an accuracy rate of 70%.
• Cantor Fitzgerald analyst Deepak Mathivanan reiterated a neutral rating with a $70 price target on September 30. This analyst has an accuracy rate of 79%.

Are you considering buying SHOP shares? Here’s what analysts think:

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