Stock Track | Shopify Soars 5.03% Intraday on Positive Earnings Expectations Ahead of Q1 Report

Stock Track05-01 21:59

Shopify's stock soared 5.03% during intraday trading on Friday, as investors reacted to positive earnings expectations ahead of the company's upcoming quarterly report.

The e-commerce platform is expected to report a 30.6% increase in revenue to $3.083 billion for the quarter ending March 31, 2026, according to analyst estimates. The company has guided for revenue between $3.09 billion and $3.14 billion, with earnings expected to reach 33 cents per share.

Analysts maintain a positive outlook on Shopify, with the current average rating at "buy" and a median 12-month price target of $160.00, representing approximately 32.1% upside from the previous closing price of $121.13.

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