What is DA Davidson’s Estimate for Shopify FY2025 Earnings?

Shopify Inc. (NYSE:SHOPFree Report) (TSE:SHOP) – Equities research analysts at DA Davidson increased their FY2025 earnings per share estimates for shares of Shopify in a note issued to investors on Tuesday, June 17th. DA Davidson analyst G. Luria now expects that the software maker will earn $1.01 per share for the year, up from their prior estimate 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.

Several other brokerages have also commented on SHOP. National Bankshares decreased their target price on shares of Shopify from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Wells Fargo & Company raised their price objective on shares of Shopify from $107.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, June 6th. Morgan Stanley upped their target price on shares of Shopify from $106.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Jefferies Financial Group dropped their target price on shares of Shopify from $130.00 to $110.00 and set a “hold” rating for the company in a report on Monday, May 5th. Finally, Wedbush reiterated an “outperform” rating and set a $110.00 price target on shares of Shopify in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $115.66.

Read Our Latest Stock Report on SHOP

Shopify Price Performance

Shares of SHOP stock opened at $106.40 on Thursday. The business’s fifty day moving average price is $100.74 and its 200 day moving average price is $104.87. The firm has a market capitalization of $138.04 billion, a PE ratio of 68.65, a P/E/G ratio of 4.82 and a beta of 2.63. Shopify has a 1-year low of $48.56 and a 1-year high of $129.38.

Institutional Trading of Shopify

Institutional investors and hedge funds have recently made changes to their positions in the company. Allianz SE acquired a new stake in Shopify during the fourth quarter worth about $27,000. PFG Private Wealth Management LLC grew its holdings in shares of Shopify by 3,657.1% during the 4th quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker’s stock worth $28,000 after purchasing an additional 256 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in Shopify during the 4th quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC raised its holdings in Shopify by 50.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker’s stock valued at $32,000 after buying an additional 100 shares during the period. Finally, Smithfield Trust Co raised its holdings in Shopify by 149.2% in the first quarter. Smithfield Trust Co now owns 314 shares of the software maker’s stock valued at $30,000 after buying an additional 188 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Company Profile

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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.

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Earnings History and Estimates for Shopify (NYSE:SHOP)

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