Deutsche Bank Previews Shopify's Q4-March 2024-www.financetom.com

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Deutsche Bank Previews Shopify's Q4

Jan 29, 2025 11:08 AM

01:36 PM EST, 01/29/2025 (MT Newswires) -- Deutsche Bank expects Shopify ( SHOP ) to report strong fourth-quarter results with KPIs (GMV, Revenue, Gross

Profit, Operating Profit) ahead of expectations.

"Our conversations with agencies/merchants along with analysis of app usage data suggest Shopify ( SHOP ) continues to execute on its growth initiatives (Enterprise/International/POS) which should drive GMV growth 1-2pp ahead of Street (+24%)."

Deutsche Bank expects revenue growth of ~30% (vs. Street 27.5%) benefiting from a change in accounting treatment for payments revenue from PayPal; GMV upside; and continued merchant growth.

First-quarter guidance also likely to be in broadly in line with current street estimates.

Shopify ( SHOP ) is rated Buy with a US$125 target at Deutsche Bank.

Price: 166.90, Change: -2.30, Percent Change: -1.36

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