Shopify Poised to Have 'Solid' Q4 on Strong Growth Momentum, RBC Says

MT Newswires Live01-21

Shopify (SHOP) is likely to have a "solid" Q4, with its shares poised to remain at the high end of its three-year historical range, based on the company's strong growth momentum and the market's enthusiasm to its artificial intelligence innovations, RBC Capital Markets said in a Tuesday note.

Several third party platforms have indicated that merchant growth and market share gain for the company in Q4, such as Store Leads data showing that Shopify's Q4 total merchants rose 18% from a year ago on strong momentum outside the US at 23%, RBC analysts said.

The company's job postings for Q4 dropped 16% year over year, pointing to higher profit margins given Shopify's strong gross merchandise volume, the analysts said. They project that its Q4 adjusted earnings before interest and taxes, or EBIT, margin could surpass consensus estimates of 19.6%.

Shopify's Q4 revenue and adjusted EPS may also exceed consensus around the same magnitude as the trailing twelve months average, given that gross merchandise volume is likely to also beat the consensus, according to the note. The analysts expect Q1 guidance to be slightly above consensus due to sustained growth momentum.

RBC analysts maintained the company's stock rating at outperform with $200 price target.

Price: 149.86, Change: -5.95, Percent Change: -3.82

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2605529117?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-21 00:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2605529117","market":"fut","top_or_hot":-1,"title":"Shopify Poised to Have 'Solid' Q4 on Strong Growth Momentum, RBC Says","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/SHOP\">Shopify</a> (SHOP) is likely to have a \"solid\" Q4, with its shares poised to remain at the high end of its three-year historical range, based on the company's strong growth momentum and the market's enthusiasm to its artificial intelligence innovations, RBC Capital Markets said in a Tuesday note.</p><p>Several third party platforms have indicated that merchant growth and market share gain for the company in Q4, such as Store Leads data showing that Shopify's Q4 total merchants rose 18% from a year ago on strong momentum outside the US at 23%, RBC analysts said.</p><p>The company's job postings for Q4 dropped 16% year over year, pointing to higher profit margins given Shopify's strong gross merchandise volume, the analysts said. They project that its Q4 adjusted earnings before interest and taxes, or EBIT, margin could surpass consensus estimates of 19.6%.</p><p>Shopify's Q4 revenue and adjusted EPS may also exceed consensus around the same magnitude as the trailing twelve months average, given that gross merchandise volume is likely to also beat the consensus, according to the note. The analysts expect Q1 guidance to be slightly above consensus due to sustained growth momentum.</p><p>RBC analysts maintained the company's stock rating at outperform with $200 price target.</p><p>Price: 149.86, Change: -5.95, Percent Change: -3.82</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shopify Poised to Have 'Solid' Q4 on Strong Growth Momentum, RBC Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShopify Poised to Have 'Solid' Q4 on Strong Growth Momentum, RBC Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-01-21 00:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/SHOP\">Shopify</a> (SHOP) is likely to have a \"solid\" Q4, with its shares poised to remain at the high end of its three-year historical range, based on the company's strong growth momentum and the market's enthusiasm to its artificial intelligence innovations, RBC Capital Markets said in a Tuesday note.</p><p>Several third party platforms have indicated that merchant growth and market share gain for the company in Q4, such as Store Leads data showing that Shopify's Q4 total merchants rose 18% from a year ago on strong momentum outside the US at 23%, RBC analysts said.</p><p>The company's job postings for Q4 dropped 16% year over year, pointing to higher profit margins given Shopify's strong gross merchandise volume, the analysts said. They project that its Q4 adjusted earnings before interest and taxes, or EBIT, margin could surpass consensus estimates of 19.6%.</p><p>Shopify's Q4 revenue and adjusted EPS may also exceed consensus around the same magnitude as the trailing twelve months average, given that gross merchandise volume is likely to also beat the consensus, according to the note. The analysts expect Q1 guidance to be slightly above consensus due to sustained growth momentum.</p><p>RBC analysts maintained the company's stock rating at outperform with $200 price target.</p><p>Price: 149.86, Change: -5.95, Percent Change: -3.82</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1548497426.USD","symbol_name":"安联环球人工智能AT Acc","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2605529117","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605529117","pubTimestamp":1768925301,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Shopify (SHOP) is likely to have a \"solid\" Q4, with its shares poised to remain at the high end of its three-year historical range, based on the company's strong growth momentum and the market's enthu","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1548497426.USD":"安联环球人工智能AT Acc","BK4528":"SaaS概念","BK4613":"AI应用软件","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU2063271972.USD":"富兰克林创新领域基金","SHOP":"Shopify Inc","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4524":"宅经济概念","BK4532":"文艺复兴科技持仓","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4588":"碎股","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","BK4116":"互联网服务与基础架构","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4566":"资本集团","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H"},"translate_title":"加拿大皇家银行表示，Shopify第四季度有望实现“稳健”增长势头强劲","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHOP":1.5},"content_text":"Shopify (SHOP) is likely to have a \"solid\" Q4, with its shares poised to remain at the high end of its three-year historical range, based on the company's strong growth momentum and the market's enthusiasm to its artificial intelligence innovations, RBC Capital Markets said in a Tuesday note.Several third party platforms have indicated that merchant growth and market share gain for the company in Q4, such as Store Leads data showing that Shopify's Q4 total merchants rose 18% from a year ago on strong momentum outside the US at 23%, RBC analysts said.The company's job postings for Q4 dropped 16% year over year, pointing to higher profit margins given Shopify's strong gross merchandise volume, the analysts said. They project that its Q4 adjusted earnings before interest and taxes, or EBIT, margin could surpass consensus estimates of 19.6%.Shopify's Q4 revenue and adjusted EPS may also exceed consensus around the same magnitude as the trailing twelve months average, given that gross merchandise volume is likely to also beat the consensus, according to the note. The analysts expect Q1 guidance to be slightly above consensus due to sustained growth momentum.RBC analysts maintained the company's stock rating at outperform with $200 price target.Price: 149.86, Change: -5.95, Percent Change: -3.82","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605529117","isCrawlerRequest":true}