Shopify Stock Forecast, Price & News

33 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 1 sell rating, 14 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Shopify stock.
View analyst ratings for Shopify or view top-rated stocks.

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Shopify saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 1,520,000 shares, a decline of 15.6% from the March 31st total of 1,800,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the short-interest ratio is currently 1.1 days.
View Shopify's Short Interest.

Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Shopify.

Shopify Inc. (NYSE:SHOP) posted its earnings results on Wednesday, April, 28th. The software maker reported $2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.74 by $1.27. The software maker had revenue of $988.70 million for the quarter, compared to analysts' expectations of $851.43 million. Shopify had a net margin of 7.99% and a trailing twelve-month return on equity of 2.35%. Shopify's revenue for the quarter was up 110.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 earnings per share.
View Shopify's earnings history.

Shopify's stock was trading at $422.31 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SHOP shares have increased by 156.3% and is now trading at $1,082.39.
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33 equities research analysts have issued 12-month target prices for Shopify's stock. Their forecasts range from $900.00 to $1,900.00. On average, they anticipate Shopify's share price to reach $1,393.97 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price.
View analysts' price targets for Shopify or view top-rated stocks among Wall Street analysts.

468 employees have rated Shopify CEO Tobias Lütke on Glassdoor.com. Tobias Lütke has an approval rating of 93% among Shopify's employees. This puts Tobias Lütke in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Shopify include Adobe (ADBE), Oracle (ORCL), salesforce.com (CRM), SAP (SAP), Intuit (INTU), Square (SQ), ServiceNow (NOW), Activision Blizzard (ATVI), VMware (VMW), Autodesk (ADSK), Snowflake (SNOW), Dassault Systèmes (DASTY), Twilio (TWLO), CrowdStrike (CRWD) and Electronic Arts (EA).
View all of SHOP's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Shopify investors own include NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Netflix (NFLX), Square (SQ), The Trade Desk (TTD), PayPal (PYPL), salesforce.com (CRM), The Walt Disney (DIS) and Advanced Micro Devices (AMD).

(SHOP) raised $100 million in an initial public offering on Thursday, May 21st 2015. The company issued 7,700,000 shares at a price of $12.00-$14.00 per share. Morgan Stanley, Credit Suisse and RBC Capital Markets served as the underwriters for the IPO and Pacific Crest Securities, Raymond James and Canaccord Genuity were co-managers.

Shopify trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHOP."

Shopify's stock is owned by many different institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (4.79%), Sumitomo Mitsui Trust Holdings Inc. (0.71%), Nikko Asset Management Americas Inc. (0.45%), Barton Investment Management (0.19%), Tybourne Capital Management HK Ltd. (0.16%) and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp (0.09%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Tybourne Capital Management HK Ltd., Barton Investment Management, Atalanta Sosnoff Capital LLC, Daiwa Securities Group Inc., Gateway Investment Advisers LLC, PCJ Investment Counsel Ltd., and Scotia Capital Inc..

SHOP stock was acquired by a variety of institutional investors in the last quarter, including Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Baillie Gifford & Co., BNP PARIBAS ASSET MANAGEMENT Holding S.A., Envestnet Asset Management Inc., LA Financiere DE L Echiquier, Royal London Asset Management Ltd., and Glynn Capital Management LLC.

Shares of SHOP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SHOP stock can currently be purchased for approximately $1,082.39.

Shopify has a market capitalization of $132.62 billion and generates $1.58 billion in revenue each year. The software maker earns $-124,840,000.00 in net income (profit) each year or ($0.94) on an earnings per share basis.

Shopify employs 7,000 workers across the globe.

The following companies are subsidiares of Shopify: 6 River Systems, 6 River Systems LLC, Boltmade, Handshake, Helpful, Jet Cooper, Kit, Oberlo, Return Magic, Select Start Studios, Shopify Capital Inc., Shopify Commerce Singapore Pte. Ltd., Shopify Holdings (USA) Inc., Shopify International Limited, Shopify LLC, Shopify Payments (Canada) Inc., Shopify Payments (USA) Inc., Tictail, and Tiny Hearts.

Shopify was founded in 2004.

The official website for Shopify is www.shopify.ca.

Shopify is headquartered at 150 Elgin Street 8th Floor, Ottawa A6, K2P 1L4.

Shopify's mailing address is 150 Elgin Street 8th Floor, Ottawa A6, K2P 1L4. The software maker can be reached via phone at 613-241-2828 or via email at [email protected]