New York, Feb 9, 2026, 18:55 EST — After-hours
- Shopify stock climbed 5.6%, snapping higher after a volatile session Monday.
- Citizens stuck to its bullish call, highlighting the potential for a “beat-and-raise” quarter.
- Investors are making moves ahead of Shopify’s quarterly results, which land Wednesday morning.
After hours on Monday, Shopify Inc. picked up $6.33 to reach $118.40. The stock had bounced around between $111.09 and $122.90 earlier in the session.
This comes ahead of Shopify’s earnings, set to hit before Wednesday’s opening bell. The stock’s already on edge following last week’s dip. Traders aren’t just watching for the company to top estimates—they’re sizing up whether Shopify’s guidance can calm nerves.
Andrew Boone at Citizens kept his Market Outperform call on Shopify and stuck with the $200 target, writing, “We expect Shopify to deliver beat-and-raise 4Q25 results.” Boone said the company is “moving faster than other eCommerce platforms in enabling AI commerce,” according to StreetInsider.com.
On Wall Street, “beat-and-raise” means a company not only surpasses forecasts but also hikes its outlook. Boone mentioned Shopify’s GMV—meaning the sum of all goods sold on its platform—might see a pickup. He also flagged foreign exchange and improved ad efficiency as possible positives for results.
Another boost came from MoffettNathanson, which moved Shopify up to Buy from Neutral and hiked its price target to $150, up from $122, TheFly reported.
Upgrades like this usually pack the biggest punch around earnings, as investors weigh if the dip has been overdone. Shopify, for its part, faces stiffer expectations—shares still carry a growth-stock premium, even after losing ground.
Right now, investors are zeroing in on GMV performance and how take-rates look across payments and merchant services. Any pressure showing up on margins, as Shopify pushes deeper into lower-margin merchant solutions, is also in the spotlight.
But here’s the rub: Shopify shares have tumbled over the past week, and a few analysts are warning about stretched valuations. One note singles out the stock’s steep earnings multiple—even after the recent slide.
Shopify will post its fourth-quarter and full-year 2025 results ahead of the bell on Feb. 11, with a conference call lined up for 8:30 a.m. ET.
That call is likely to draw investor scrutiny for signals on 2026 demand, shifts in merchant ad spending, and whether larger retailers are ramping up their adoption of Shopify’s platform.
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