DA Davidson Has Bearish Estimate for Shopify FY2025 Earnings

Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) – Stock analysts at DA Davidson reduced their FY2025 earnings estimates for Shopify in a research report issued on Wednesday, November 5th. DA Davidson analyst G. Luria now forecasts that the software maker will post earnings of $1.06 per share for the year, down from their prior estimate of $1.11. DA Davidson has a “Buy” rating and a $195.00 price target 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 Q4 2025 earnings at $0.40 EPS and FY2026 earnings at $1.46 EPS.

SHOP has been the subject of a number of other reports. TD Securities increased their price target on shares of Shopify from $130.00 to $156.00 and gave the company a “hold” rating in a report on Friday, October 3rd. The Goldman Sachs Group boosted their price objective on Shopify from $120.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. ATB Capital lowered Shopify to a “sector perform” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. raised their target price on Shopify from $179.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Stifel Nicolaus set a $175.00 price target on shares of Shopify in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twenty-two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Shopify currently has an average rating of “Moderate Buy” and a consensus price target of $163.89.

Shopify Stock Down 2.3%

NASDAQ:SHOP opened at $152.41 on Friday. The firm has a market cap of $198.08 billion, a price-to-earnings ratio of 112.90, a P/E/G ratio of 5.85 and a beta of 2.73. The company’s 50 day moving average is $155.59 and its 200-day moving average is $129.97. Shopify has a 12 month low of $69.84 and a 12 month high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. Shopify had a net margin of 16.65% and a return on equity of 11.72%. Shopify has set its Q4 2025 guidance at EPS.

Institutional Investors Weigh In On Shopify

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in Shopify during the 2nd quarter valued at about $1,794,952,000. Jennison Associates LLC grew its stake in Shopify by 64.3% during the third quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock worth $2,812,211,000 after buying an additional 7,403,821 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Shopify during the first quarter worth approximately $667,392,000. Brown Advisory Inc. increased its holdings in shares of Shopify by 5,193.6% during the second quarter. Brown Advisory Inc. now owns 2,066,884 shares of the software maker’s stock worth $238,419,000 after buying an additional 2,027,839 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Shopify by 19.9% in the second quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker’s stock valued at $1,247,007,000 after acquiring an additional 1,781,530 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

About Shopify

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.