DA Davidson Brokers Decrease Earnings Estimates for Shopify

Shopify Inc. (TSE:SHO) – Equities researchers at DA Davidson decreased their FY2025 earnings per share estimates for shares of Shopify in a report released on Wednesday, November 5th. DA Davidson analyst G. Luria now expects that the company will earn $1.51 per share for the year, down from their previous forecast of $1.53. DA Davidson also issued estimates for Shopify’s Q4 2025 earnings at $0.57 EPS and FY2026 earnings at $2.07 EPS.

Several other equities analysts also recently issued reports on SHO. Needham & Company LLC raised shares of Shopify to a “moderate buy” rating in a report on Monday, July 14th. Loop Capital downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. TD Securities upgraded Shopify to a “hold” rating in a report on Friday, October 3rd. Arete Research upgraded Shopify to a “hold” rating in a research note on Wednesday, July 23rd. Finally, Phillip Securities downgraded Shopify from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Four analysts have rated the stock with a Strong Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Shopify currently has an average rating of “Moderate Buy”.

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About Shopify

ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment.