Shopify Stock Forecast, Price & News

$1,538.00
-17.10 (-1.10 %)
(As of 07/28/2021 12:00 AM ET)
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Today's Range
$1,497.03
$1,583.15
50-Day Range
$1,199.00
$1,643.32
52-Week Range
$839.40
$1,650.00
Volume2.18 million shs
Average Volume1.41 million shs
Market Capitalization$191.21 billion
P/E Ratio120.53
Dividend YieldN/A
Beta1.45
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Shopify logo

About Shopify

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company's platform provides merchants to run their business in 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, and access financing. It also sells custom themes and apps, and registration of domain names. 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.

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MarketRank

Overall MarketRank

1.65 out of 5 stars

Computer And Technology Sector

497th out of 1,640 stocks

Prepackaged Software Industry

131st out of 339 stocks

Analyst Opinion: 2.3Community Rank: 3.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Shopify (NYSE:SHOP) Frequently Asked Questions

Is Shopify a buy right now?

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 1 sell rating, 12 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Shopify stock.
View analyst ratings for Shopify
or view top-rated stocks.

What stocks does MarketBeat like better than Shopify?

Wall Street analysts have given Shopify a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Shopify wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Shopify's next earnings date?

Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for Shopify
.

How were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) issued its earnings results on Wednesday, April, 28th. The software maker reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.74 by $1.27. The software maker had revenue of $988.70 million for the quarter, compared to analyst estimates of $851.43 million. Shopify had a net margin of 46.67% and a trailing twelve-month return on equity of 6.52%. The firm's revenue for the quarter was up 110.4% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share.
View Shopify's earnings history
.

How has Shopify's stock been impacted by Coronavirus?

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 264.2% and is now trading at $1,538.00.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for SHOP?

31 analysts have issued 1 year price objectives for Shopify's stock. Their forecasts range from $900.00 to $2,000.00. On average, they expect Shopify's stock price to reach $1,527.08 in the next year. This suggests that the stock has a possible downside of 0.7%.
View analysts' price targets for Shopify
or view top-rated stocks among Wall Street analysts.

Who are Shopify's key executives?

Shopify's management team includes the following people:
  • Mr. Tobias Lütke, Founder, Chairman & CEO (Age 40, Pay $104.72k)
  • Mr. Harley Michael Finkelstein, Pres (Age 38, Pay $471.24k)
  • Ms. Amy E. Shapero, Chief Financial Officer (Age 58, Pay $589.05k)
  • Mr. Toby Shannan, Chief Operating Officer (Age 51, Pay $1.46M)
  • Mr. Jean-Michel Lemieux, Chief Technology Officer (Age 48, Pay $549.78k)
  • Katie Keita, Sr. Director of Investor Relations
  • Mr. Joseph A. Frasca, Chief Legal Officer & Sec. (Age 47)
  • Ms. Brittany Forsyth, Chief Talent Officer (Age 34)
  • Mr. Loren Padelford, GM & VP of Shopify Plus
  • Mr. Arpan Podduturi, Director of Product

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

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.

Who are some of Shopify's key competitors?

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), Square (SQ), The Trade Desk (TTD), PayPal (PYPL), salesforce.com (CRM), The Walt Disney (DIS) and Advanced Micro Devices (AMD).

When did Shopify IPO?

(SHOP) raised $100 million in an IPO on Thursday, May 21st 2015. The company issued 7,700,000 shares at $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.

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 variety of retail and institutional investors. Top institutional investors include Tybourne Capital Management HK Ltd. (0.17%), Spence Asset Management (0.01%), Adirondack Retirement Specialists Inc. (0.01%), XR Securities LLC (0.00%), Meridian Wealth Management LLC (0.01%) and Teamwork Financial Advisors LLC (0.01%).

Which institutional investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including Adirondack Retirement Specialists Inc., Harel Insurance Investments & Financial Services Ltd., Raymond James Trust N.A., Alpha Cubed Investments LLC, XR Securities LLC, V Wealth Advisors LLC, Baskin Financial Services Inc., and Focused Wealth Management Inc.

Which institutional investors are buying Shopify stock?

SHOP stock was acquired by a variety of institutional investors in the last quarter, including Tybourne Capital Management HK Ltd., Symmetry Investments LP, Teamwork Financial Advisors LLC, CTC LLC, Brookstone Capital Management, Welch & Forbes LLC, EFG Asset Management Americas Corp., and Eagle Global Advisors LLC.

How do I buy shares of Shopify?

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.
Compare Top Brokerages Here.

What is Shopify's stock price today?

One share of SHOP stock can currently be purchased for approximately $1,538.00.

How much money does Shopify make?

Shopify has a market capitalization of $191.21 billion and generates $2.93 billion in revenue each year. The software maker earns $319.51 million in net income (profit) each year or $2.37 on an earnings per share basis.

How many employees does Shopify have?

Shopify employs 7,000 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.

When was Shopify founded?

Shopify was founded in 2004.

What is Shopify's official website?

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

Where are Shopify's headquarters?

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

How can I contact Shopify?

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]


This page was last updated on 7/28/2021 by MarketBeat.com Staff
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