DA Davidson Has Positive Outlook of Shopify FY2025 Earnings

Key Points

• DA Davidson has raised its FY2025 earnings per share estimate for Shopify to $1.12, up from $1.01, while maintaining a "Buy" rating and a price target of $185.00 on the stock.
• Other analysts, including CIBC and Wedbush, have increased their price targets for Shopify, with CIBC now at $185.00 and Wedbush at $160.00.
• Currently, Shopify has a consensus rating of "Moderate Buy" and a consensus target price of $144.46, indicating positive momentum among analysts.

Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP - Equities research analysts at DA Davidson increased their FY2025 earnings estimates for Shopify in a research report issued on Thursday, August 7th. DA Davidson analyst G. Luria now anticipates that the software maker will post earnings of $1.12 per share for the year, up from their prior forecast of $1.01. DA Davidson currently has a "Buy" rating and a $185.00 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 $1.52 EPS.

SHOP has been the topic of several other research reports. Mizuho upped their price objective on shares of Shopify from $85.00 to $150.00 and gave the company a "neutral" rating in a research note on Thursday. Scotiabank reiterated a "sector perform" rating and issued a $150.00 price objective (up previously from $115.00) on shares of Shopify in a research note on Thursday. Arete Research upgraded shares of Shopify to a "hold" rating in a research note on Wednesday, July 23rd. BNP Paribas lowered shares of Shopify from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Shopify from $120.00 to $176.00 and gave the company a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $148.51.

Shopify Stock Down 1.0%

Shares of SHOP stock traded down $1.46 during trading hours on Friday, reaching $149.61. 9,567,891 shares of the stock traded hands, compared to its average volume of 10,552,143. Shopify has a 1-year low of $65.86 and a 1-year high of $156.85. The business has a fifty day moving average price of $117.50 and a 200 day moving average price of $107.86. The firm has a market capitalization of $194.10 billion, a PE ratio of 96.52, a PEG ratio of 4.82 and a beta of 2.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SHOP. Nuveen LLC bought a new position in Shopify during the 1st quarter worth approximately $667,392,000. Jennison Associates LLC boosted its stake in Shopify by 118.1% during the 2nd quarter. Jennison Associates LLC now owns 11,519,610 shares of the software maker's stock worth $1,328,787,000 after acquiring an additional 6,238,829 shares during the last quarter. Marshall Wace LLP boosted its stake in Shopify by 623.8% during the 4th quarter. Marshall Wace LLP now owns 1,870,891 shares of the software maker's stock worth $198,932,000 after acquiring an additional 2,228,091 shares during the last quarter. Durable Capital Partners LP boosted its stake in Shopify by 86.9% during the 4th quarter. Durable Capital Partners LP now owns 3,950,348 shares of the software maker's stock worth $420,041,000 after acquiring an additional 1,836,294 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Shopify by 19.9% during the 2nd quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker's stock worth $1,247,007,000 after acquiring an additional 1,781,530 shares during the last quarter. 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.