Shopify Inc. (SHOP, Financial) is witnessing significant bullish sentiment in the options market as traders engage actively in call options. A total of 12,480 call contracts have been exchanged, aligning with expected activity levels, while the implied volatility has risen by nearly two percentage points to 78.74%.
The most notable options activity has been seen in the April 2025 $85 calls and the January 2026 $130 calls, with these two strikes alone accounting for nearly 4,400 contracts. This heightened interest reflects a positive outlook from investors.
The Put/Call Ratio currently stands at 0.47, indicating that call options are being favored over puts by a wide margin. This metric often suggests a bullish sentiment among traders.
Investors are keeping a close watch on Shopify as the company is expected to release its earnings report on May 7th. The recent increase in options activity may signal anticipation of positive earnings results or strategic company developments.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 43 analysts, the average target price for Shopify Inc (SHOP, Financial) is $132.95 with a high estimate of $175.00 and a low estimate of $87.64. The average target implies an upside of 56.80% from the current price of $84.79. More detailed estimate data can be found on the Shopify Inc (SHOP) Forecast page.
Based on the consensus recommendation from 48 brokerage firms, Shopify Inc's (SHOP, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Shopify Inc (SHOP, Financial) in one year is $107.37, suggesting a upside of 26.63% from the current price of $84.79. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Shopify Inc (SHOP) Summary page.
