DA Davidson Has Bullish Forecast for Shopify FY2025 Earnings

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Stock analysts at DA Davidson increased their FY2025 earnings estimates for shares of Shopify in a research note issued on Wednesday, November 13th. DA Davidson analyst G. Luria now expects that the software maker will post earnings of $1.14 per share for the year, up from their prior forecast of $0.96. The consensus estimate for Shopify’s current full-year earnings is $0.76 per share.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Tuesday, November 12th. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.09. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Shopify had a return on equity of 11.60% and a net margin of 16.84%.

Several other equities analysts have also recently commented on the stock. Evercore ISI boosted their price objective on shares of Shopify from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. UBS Group boosted their price target on shares of Shopify from $71.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective (up previously from $72.00) on shares of Shopify in a research report on Tuesday. Scotiabank boosted their target price on Shopify from $75.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Shopify from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $94.95.

Shopify Stock Down 0.6 %

SHOP stock opened at $108.48 on Thursday. Shopify has a twelve month low of $48.56 and a twelve month high of $115.62. The firm has a market capitalization of $139.98 billion, a PE ratio of 101.38, a PEG ratio of 3.71 and a beta of 2.36. The company has a quick ratio of 7.32, a current ratio of 7.10 and a debt-to-equity ratio of 0.10. The stock has a 50-day simple moving average of $81.14 and a two-hundred day simple moving average of $70.77.

Institutional Investors Weigh In On Shopify

Several institutional investors and hedge funds have recently bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group increased its stake in shares of Shopify by 100.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock valued at $26,000 after buying an additional 200 shares during the period. Brooklyn Investment Group bought a new stake in Shopify in the third quarter valued at $33,000. Rosenberg Matthew Hamilton increased its position in Shopify by 41.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock valued at $36,000 after purchasing an additional 133 shares during the period. Cultivar Capital Inc. bought a new position in Shopify in the 2nd quarter worth $33,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Shopify in the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

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.