DA Davidson Has Pessimistic View of Shopify FY2025 Earnings

Shopify Inc. (TSE:SHO) – Research analysts at DA Davidson reduced their FY2025 earnings estimates for Shopify in a report issued on Tuesday, June 17th. DA Davidson analyst G. Luria now expects that the company will post earnings of $1.35 per share for the year, down from their previous forecast of $1.37. DA Davidson also issued estimates for Shopify’s FY2026 earnings at $1.87 EPS.

Other analysts also recently issued reports about the company. BNP Paribas downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 5th. Atb Cap Markets upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 8th. Capital One Financial upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets upgraded Shopify to a “strong-buy” rating in a report on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Shopify has an average rating of “Strong Buy”.

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About Shopify

ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment.