Wedbush Research Analysts Cut Earnings Estimates for Shopify

Shopify Inc. (TSE:SHO) – Stock analysts at Wedbush reduced their Q2 2025 earnings per share (EPS) estimates for Shopify in a report issued on Tuesday, April 15th. Wedbush analyst S. Devitt now anticipates that the company will post earnings of $0.27 per share for the quarter, down from their prior forecast of $0.32. Wedbush currently has a “Strong-Buy” rating on the stock. Wedbush also issued estimates for Shopify’s Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $1.35 EPS and FY2026 earnings at $1.97 EPS.

A number of other analysts also recently weighed in on the stock. New Street Research raised shares of Shopify to a “hold” rating in a report on Friday, January 10th. Phillip Securities cut shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 17th. Finally, Benchmark upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating and eight have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shopify has a consensus rating of “Buy”.

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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.