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NYSE:SHOP

Shopify - SHOP Stock Forecast, Price & News

$40.24
+0.40 (+1.00%)
(As of 08/16/2022 02:28 PM ET)
Add
Compare
Today's Range
$37.63
$40.38
50-Day Range
$30.35
$350.26
52-Week Range
$29.72
$176.29
Volume
1.02 million shs
Average Volume
37.02 million shs
Market Capitalization
$50.66 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$72.49

Shopify MarketRank™ Forecast

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
84.8% Upside
$72.49 Price Target
Short Interest
Healthy
4.60% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
0.44mentions of Shopify in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.45) to ($0.40) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Computer And Technology Sector

282nd out of 664 stocks

Prepackaged Software Industry

96th out of 231 stocks

SHOP stock logo

About Shopify (NYSE:SHOP) Stock

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, 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 fulfillment, 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.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SHOP shares. Atlantic Securities upgraded shares of Shopify from a "neutral" rating to an "overweight" rating and set a $46.00 price objective on the stock in a report on Thursday, August 11th. TheStreet downgraded shares of Shopify from a "c" rating to a "d+" rating in a report on Tuesday, May 24th. Citigroup dropped their price objective on shares of Shopify from $43.20 to $37.00 in a report on Tuesday, July 26th. Veritas Investment Research cut shares of Shopify from a "buy" rating to a "sell" rating in a research note on Thursday, May 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Shopify from $90.00 to $55.00 in a research note on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Shopify has an average rating of "Hold" and a consensus price target of $72.49.

Shopify Stock Down 2.5 %

Shares of NYSE:SHOP traded down $0.98 during trading on Tuesday, hitting $38.86. The stock had a trading volume of 216,001 shares, compared to its average volume of 37,021,920. Shopify has a 12 month low of $29.72 and a 12 month high of $176.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 11.17 and a quick ratio of 11.17. The company has a market capitalization of $48.92 billion, a PE ratio of -26.30 and a beta of 1.80. The firm has a fifty day moving average of $41.68 and a two-hundred day moving average of $52.59.

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SHOP Stock News Headlines

MarketBeat: Week in Review 8/1 - 8/5 (SHOP)
The hot jobs report is dispelling any notion that interest rates will level off. But the market moves on and here are some of the stocks and stories to follow.
Are Palantir, Shopify Close To Rebounding? (SHOP)
Enterprise software makers Palantir Technologies and Shopify continue to languish in correction mode, even as the broader market attempts to stage a rally.
Was The Market Wrong On Etsy Again, As Shares Gain Post Earnings? (SHOP)
Etsy earnings article, which outlines why Etsy's results aren't as positive as the market believes them to be. Details include earnings and outlook.
Shopify Stock Rallies Despite Quarterly Loss
Shopify’s revenue came in slower than expected as the base effect from COVID affected the quarterly earnings. When combined with a slowdown in the global economy
Shopify (NYSE:SHOP) Upgraded at Atlantic Securities
Shopify (NYSE:SHOP) Downgraded by DZ Bank
KGI Securities Lowers Shopify (NYSE:SHOP) to Neutral
Is It Time to Sell Shopify Stock?
Shopify (NYSE:SHOP) Given New $30.00 Price Target at Barclays
See More Headlines
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SHOP Company Calendar

Last Earnings
10/28/2021
Today
8/16/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
10,000
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$72.49
High Stock Price Forecast
$200.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+80.1%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
38 Analysts

Profitability

Net Income
$2.91 billion
Pretax Margin
-39.97%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$0.38 per share
Book Value
$8.84 per share

Miscellaneous

Outstanding Shares
1,258,970,000
Free Float
N/A
Market Cap
$50.66 billion
Optionable
Optionable
Beta
1.80

Social Links


Key Executives

  • Mr. Tobias Lütke (Age 41)
    Founder, Chairman & CEO
    Comp: $1
  • Mr. Harley Finkelstein (Age 39)
    Pres
    Comp: $473.28k
  • Ms. Amy E. Shapero (Age 59)
    Chief Financial Officer
    Comp: $610.13k
  • Mr. Toby Shannan (Age 52)
    Chief Operating Officer
    Comp: $512.72k
  • Mr. Allan Leinwand (Age 55)
    Chief Technology Officer
    Comp: $212.5k
  • Katie Keita
    Sr. Director of Investor Relations
  • Ms. Jessica R. Hertz
    Gen. Counsel & Corp. Sec.
  • Ms. Brittany Forsyth (Age 35)
    Chief Talent Officer
  • Ms. Bharati Balakrishnan
    Country Head & Director- India
  • Mr. Loren Padelford
    GM & VP of Shopify Plus













SHOP Stock - Frequently Asked Questions

Should I buy or sell Shopify stock right now?

38 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 1 sell rating, 18 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SHOP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHOP, but not buy additional shares or sell existing shares.
View SHOP analyst ratings
or view top-rated stocks.

What is Shopify's stock price forecast for 2022?

38 Wall Street analysts have issued 1-year price targets for Shopify's shares. Their SHOP share price forecasts range from $32.00 to $200.00. On average, they anticipate the company's stock price to reach $72.49 in the next twelve months. This suggests a possible upside of 81.9% 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 2022?

Shopify's stock was trading at $137.7390 at the beginning of the year. Since then, SHOP stock has decreased by 71.1% and is now trading at $39.84.
View the best growth stocks for 2022 here
.

Are investors shorting Shopify?

Shopify saw a increase in short interest in July. As of July 15th, there was short interest totaling 56,100,000 shares, an increase of 33.5% from the June 30th total of 42,010,000 shares. Based on an average daily volume of 42,180,000 shares, the short-interest ratio is currently 1.3 days.
View Shopify's Short Interest
.

When is Shopify's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SHOP earnings forecast
.

How were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) announced its earnings results on Thursday, October, 28th. The software maker reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. The software maker had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.15 billion. Shopify had a negative net margin of 38.01% and a negative trailing twelve-month return on equity of 1.61%. The business's revenue for the quarter was up 46.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share.

When did Shopify's stock split?

Shopify shares split on Wednesday, June 29th 2022. The 10-1 split was announced on Monday, April 11th 2022. The newly minted shares were distributed to shareholders after the market closes on Tuesday, June 28th 2022. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

What is Tobias Lütke's approval rating as Shopify's CEO?

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

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), Alibaba Group (BABA), Netflix (NFLX), Block (SQ), Trade Desk (TTD), PayPal (PYPL), Salesforce (CRM), Walt Disney (DIS) and Advanced Micro Devices (AMD).

When did Shopify IPO?

(SHOP) raised $100 million in an initial public offering (IPO) 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 acted as the underwriters for the IPO and Pacific Crest Securities, Raymond James and Canaccord Genuity were co-managers.

What is Shopify's stock symbol?

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

Who are Shopify's major shareholders?

Shopify's stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (4.53%), Sands Capital Management LLC (1.87%), Loomis Sayles & Co. L P (1.25%), Citadel Advisors LLC (0.00%), WCM Investment Management LLC (1.17%) and Renaissance Technologies LLC (1.11%).

How do I buy shares of Shopify?

Shares of SHOP stock 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.
Compare Top Brokerages Here.

What is Shopify's stock price today?

One share of SHOP stock can currently be purchased for approximately $39.84.

How much money does Shopify make?

Shopify (NYSE:SHOP) has a market capitalization of $50.16 billion and generates $4.61 billion in revenue each year. The software maker earns $2.91 billion in net income (profit) each year or ($1.5150) on an earnings per share basis.

How many employees does Shopify have?

The company employs 10,000 workers across the globe.

Does Shopify have any subsidiaries?
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.
Read More
When was Shopify founded?

Shopify was founded in 2004.

How can I contact Shopify?

Shopify's mailing address is 150 Elgin Street 8th Floor, Ottawa A6, K2P 1L4. The official website for the company is www.shopify.ca. The software maker can be reached via phone at (613) 241-2828 or via email at ir@shopify.com.

This page (NYSE:SHOP) was last updated on 8/16/2022 by MarketBeat.com Staff

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