DA Davidson Forecasts Shopify's Q2 Earnings (NYSE:SHOP)

Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP - Equities research analysts at DA Davidson raised their Q2 2025 earnings 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 post earnings of $0.20 per share for the quarter, up from their previous forecast of $0.19. 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.

A number of other research analysts have also weighed in on the stock. BMO Capital Markets initiated coverage on shares of Shopify in a research note on Tuesday, May 6th. They issued an "outperform" rating and a $120.00 price target on the stock. Capital One Financial raised shares of Shopify from an "equal weight" rating to an "overweight" rating in a research note on Thursday, May 8th. Jefferies Financial Group cut their price target on shares of Shopify from $130.00 to $110.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Benchmark cut their price target on shares of Shopify from $150.00 to $125.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Shopify from $124.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $115.66.

Shopify Price Performance

Shopify stock opened at $106.53 on Wednesday. The company's 50 day simple moving average is $99.56 and its 200 day simple moving average is $104.95. Shopify has a fifty-two week low of $48.56 and a fifty-two week high of $129.38. The firm has a market capitalization of $138.21 billion, a price-to-earnings ratio of 68.73, a PEG ratio of 4.82 and a beta of 2.63.

Institutional Investors Weigh In On Shopify

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allianz SE bought a new position in shares of Shopify in the fourth quarter worth about $27,000. PFG Private Wealth Management LLC lifted its holdings in shares of Shopify by 3,657.1% in the fourth quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker's stock worth $28,000 after acquiring an additional 256 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Shopify in the fourth quarter worth about $30,000. Smithfield Trust Co lifted its holdings in shares of Shopify by 149.2% in the first quarter. Smithfield Trust Co now owns 314 shares of the software maker's stock worth $30,000 after acquiring an additional 188 shares during the last quarter. Finally, Dagco Inc. bought a new position in shares of Shopify in the first quarter worth about $30,000. Institutional investors 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.

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