Shopify Prepares for Q3 Print; Here are the latest forecast changes from Wall Street's most accurate analysts – Shopify (NYSE:SHOP)

Shopify Inc. BUSINESS will report third quarter earnings results before the opening bell on Tuesday, November 12th.

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

The company has beaten analysts' revenue estimates for seven consecutive quarters.

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

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

Let's take a look at how Benzinga's most accurate analysts have rated the company recently.

• Scotiabank analyst Kevin Krishnaratne maintained a Sector Perform rating and increased the price target from $75 to $80 on October 24. This analyst has an accuracy rate of 71%.
• RBC Capital analyst Paul fahrer maintained his Outperform rating and increased the price target from $85 to $100 on October 18. This analyst has an accuracy rate of 68%.
• Baird analyst Colin Sebastian maintained an Outperform rating and increased the price target from $79 to $90 on October 9th. This analyst has an 80% accuracy rate.
• Citigroup analyst Tyler Radke maintained his Buy rating and raised the price target from $90 to $103 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 stock? This is what analysts think:

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