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TSE:SHOP

Shopify (SHOP) Stock Price, News & Analysis

C$84.74
+0.73 (+0.87%)
(As of 06/7/2024 ET)
Today's Range
C$83.30
C$85.17
50-Day Range
C$77.85
C$106.15
52-Week Range
C$63.16
C$123.20
Volume
1.93 million shs
Average Volume
2.65 million shs
Market Capitalization
C$102.54 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$89.25

Shopify MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
5.3% Upside
C$89.25 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.64mentions of Shopify in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
C$795,309 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.16 out of 5 stars

SHOP stock logo

About Shopify Stock (TSE:SHOP)

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. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

SHOP Stock Price History

SHOP Stock News Headlines

GigaCloud Technology Launches BaaS for B2B Marketplace Platform (SHOP)
GigaCloud Technology Inc. (NASDAQ: GCT) provides end-to-end business-to-business (B2B) cross-border e-commerce solutions for large parcel merchandise globally.
Is Shopify a Millionaire-Maker?
Why Shopify Stock Fell Hard This Week
Shopify Q1 Preview: Analysts Predict Strong Sales Growth
See More Headlines
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Industry, Sector and Symbol

Industry
Software - Application
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
8,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$89.25
High Stock Price Target
C$105.00
Low Stock Price Target
C$62.00
Potential Upside/Downside
+5.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
C$-209,000,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$7.41 billion
Cash Flow
C$6.27 per share
Book Value
C$6.90 per share

Miscellaneous

Outstanding Shares
1,210,000,000
Free Float
N/A
Market Cap
C$102.54 billion
Optionable
Not Optionable
Beta
2.20
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Key Executives

  • Mr. Tobias Lütke (Age 43)
    Founder, Chairman, CEO and Head of R&D
    Comp: $1
  • Mr. Harley Finkelstein (Age 41)
    President
    Comp: $986.47k
  • Mr. Jeff J. Hoffmeister CPA
    Chief Financial Officer
  • Mr. Kasra Nejatian
    VP of Product & COO
  • Ms. Jessica R. Hertz
    General Counsel & Corporate Secretary
  • Carrie Gillard
    Director of Investor Relations
  • Ms. Bharati Balakrishnan
    Country Head & Director- India
  • Mr. Loren Padelford (Age 46)
    GM & VP of Shopify Plus
  • Mr. Arpan Podduturi
    Director of Product
  • Mr. Thomas Epting
    Director of Product for Shopify Fulfillment Network

Should I Buy Shopify Stock? SHOP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Shopify Inc.:

  • Shopify Inc. has shown consistent revenue growth quarter over quarter, indicating a strong business model and potential for future profitability.
  • Recent partnerships and expansions into new markets have increased Shopify's global presence, providing opportunities for further revenue streams.
  • Shopify's stock price has been steadily increasing, reflecting positive investor sentiment and potential for capital appreciation.
  • The company's innovative e-commerce platform continues to attract new merchants, driving user growth and increasing transaction volumes.
  • Shopify's focus on enhancing user experience and providing robust analytics tools can lead to improved customer retention and satisfaction.

Cons

Investors should be bearish about investing in Shopify Inc. for these reasons:

  • Shopify faces increasing competition in the e-commerce space, which could potentially impact market share and profitability.
  • Fluctuations in the global economy and consumer spending habits may affect Shopify's revenue growth and overall financial performance.
  • The company's high valuation metrics, such as P/E ratio and PEG ratio, suggest that the stock may be overvalued compared to industry peers.
  • Regulatory changes or legal challenges in the e-commerce industry could pose risks to Shopify's operations and financial stability.
  • Investors should consider the impact of market volatility on Shopify's stock price, as sudden market shifts can affect investment returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, June 5, 2024. Please send any questions or comments about these Shopify pros and cons to contact@marketbeat.com.

SHOP Stock Analysis - Frequently Asked Questions

Should I buy or sell Shopify stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SHOP shares.
View SHOP analyst ratings
or view top-rated stocks.

What is Shopify's stock price target for 2024?

4 Wall Street analysts have issued 12-month price objectives for Shopify's stock. Their SHOP share price targets range from C$62.00 to C$105.00. On average, they anticipate the company's stock price to reach C$89.25 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
View analysts price targets for SHOP
or view top-rated stocks among Wall Street analysts.

How have SHOP shares performed in 2024?

Shopify's stock was trading at C$103.16 at the beginning of 2024. Since then, SHOP stock has decreased by 17.9% and is now trading at C$84.74.
View the best growth stocks for 2024 here
.

What other stocks do shareholders of Shopify own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Shopify investors own include NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Walt Disney (DIS), Block (SQ), Micron Technology (MU), Alibaba Group (BABA), Costco Wholesale (COST), Zoom Video Communications (ZM) and Mastercard (MA).

How do I buy shares of Shopify?

Shares of SHOP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:SHOP) was last updated on 6/8/2024 by MarketBeat.com Staff

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