DA Davidson Estimates Shopify’s FY2025 Earnings (NYSE:SHOP)

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Equities researchers at DA Davidson lifted their FY2025 earnings per share estimates for shares of Shopify in a report released on Tuesday, June 17th. DA Davidson analyst G. Luria now forecasts that the software maker will post earnings of $1.01 per share for the year, up from their previous forecast of $0.99. DA Davidson currently has a “Buy” rating and a $125.00 target price on the stock. The consensus estimate for Shopify’s current full-year earnings is $1.12 per share. DA Davidson also issued estimates for Shopify’s FY2026 earnings at $1.39 EPS.

SHOP has been the subject of a number of other research reports. BNP Paribas Exane lowered Shopify from an “outperform” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Monday, May 5th. Truist Financial decreased their target price on Shopify from $120.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday, May 6th. Jefferies Financial Group decreased their target price on Shopify from $130.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, May 5th. Barclays decreased their target price on Shopify from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Friday, May 9th. Finally, Scotiabank cut their price target on Shopify from $120.00 to $90.00 and set a “sector perform” rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.66.

Shopify Stock Performance

Shares of NYSE:SHOP opened at $105.97 on Thursday. Shopify has a fifty-two week low of $48.56 and a fifty-two week high of $129.38. The business has a 50-day simple moving average of $100.28 and a two-hundred day simple moving average of $104.91. The firm has a market cap of $137.48 billion, a price-to-earnings ratio of 68.37, a price-to-earnings-growth ratio of 4.82 and a beta of 2.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cim LLC boosted its stake in Shopify by 1.3% in the 1st quarter. Cim LLC now owns 12,512 shares of the software maker’s stock worth $1,194,000 after purchasing an additional 160 shares during the period. Modern Wealth Management LLC raised its holdings in shares of Shopify by 14.2% during the 1st quarter. Modern Wealth Management LLC now owns 2,743 shares of the software maker’s stock worth $262,000 after acquiring an additional 342 shares in the last quarter. Anson Funds Management LP purchased a new stake in shares of Shopify during the 1st quarter worth approximately $955,000. Anderson Financial Strategies LLC purchased a new stake in shares of Shopify during the 1st quarter worth approximately $267,000. Finally, Strs Ohio purchased a new stake in shares of Shopify during the 1st quarter worth approximately $30,577,000. 69.27% of the stock is currently owned by institutional investors.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.