# Shopify Stock Rallies 35% in Month

> Shopify shares up 35% in a month: take profits or buy more?
- Title: Shopify Stock Rallies 35% in Month · 24/7 Wall St. | Shortify
- Summary: Shopify shares up 35% in a month: take profits or buy more? Shopify stock rose 35% in a month to $173.81 as investors weigh profit-taking against continued…
- Keywords: shopify, stock, rally, profits, buy, market, investing, 2026, Rallies, Month, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/20/shopify-just-rallied-35-in-a-month-take-profits-or-buy-more
- Author: David Moadel
- Published: 2026-10-20T18:41:50+00:00
- Read time: 1 min
- Topics: shopify, stock, rally, profits, buy, market, investing, 2026
## Shopify Stock Rallies
Shopify shares rose 35% over the past month to $173.81, climbing 2% in afternoon trading.
## Rally Driven by Growth
Shopify reported $3.58 billion revenue in Q2 2026, up 33.7% year over year.
## Wall Street Forecasts Rise
Analysts revised Shopify's 2026 earnings estimate up to $1.911 per share, with 2027 at $2.4554.
## Competitor Performance
MercadoLibre shares rose 5% to $1,868.19, while eBay climbed 8% to $121.26.
## AI-Driven Momentum
Shopify President Harley Finkelstein linked growth to AI, stating agentic transactions carry the same economics as online sales.
## Profit-Taking Debate
Shopify trades at a 170x P/E ratio, raising questions about whether to lock in gains or buy more.
## Key takeaway

Shopify stock rose 35% in a month to $173.81 as investors weigh profit-taking against continued growth.