NYSE:SHOPShopify Stock Price, Forecast & News

Shopify's stock was trading at $422.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SHOP shares have increased by 129.4% and is now trading at $968.75. View which stocks have been most impacted by Coronavirus.

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 18 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Shopify.

Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Shopify.

Shopify will be holding an earnings conference call on Wednesday, July 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Shopify Inc (NYSE:SHOP) released its earnings results on Wednesday, May, 6th. The software maker reported $0.19 EPS for the quarter, topping analysts' consensus estimates of ($0.70) by $0.89. The software maker had revenue of $470 million for the quarter, compared to the consensus estimate of $442.92 million. Shopify had a negative net margin of 7.65% and a negative return on equity of 2.56%. Shopify's revenue was up 46.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 earnings per share. View Shopify's earnings history.

30 brokers have issued 12-month target prices for Shopify's shares. Their forecasts range from $320.00 to $1,127.00. On average, they expect Shopify's share price to reach $694.63 in the next twelve months. This suggests that the stock has a possible downside of 28.3%. View analysts' price targets for Shopify.

Media headlines about SHOP stock have trended very negative recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Shopify earned a news impact score of -3.2 on InfoTrie's scale. They also gave news stories about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Shopify.

Some companies that are related to Shopify include Adobe (ADBE), SAP (SAP), salesforce.com (CRM), Oracle (ORCL), ServiceNow (NOW), Intuit (INTU), Activision Blizzard (ATVI), VMware (VMW), Uber Technologies (UBER), Square (SQ), Autodesk (ADSK), Dassault Systemes (DASTY), Electronic Arts (EA), Docusign (DOCU) and Veeva Systems (VEEV). View all competitors.

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

(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.

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

Shopify's stock is owned by a number of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.08%), Addenda Capital Inc. (0.05%), Carnegie Capital Asset Management LLC (0.02%), Spence Asset Management (0.01%), Mount Yale Investment Advisors LLC (0.00%) and Nadler Financial Group Inc. (0.00%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including Spence Asset Management, Xcel Wealth Management LLC, Carnegie Capital Asset Management LLC, Confluence Investment Management LLC, Addenda Capital Inc., Chesley Taft & Associates LLC, Alpha Cubed Investments LLC, and Gradient Investments LLC.

SHOP stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Paragon Advisors LLC, Forte Capital LLC ADV, HBW Advisory Services LLC, Exane Derivatives, Woodstock Corp, Diversified Trust Co, and N.E.W. Advisory Services LLC.

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

One share of SHOP stock can currently be purchased for approximately $968.75.

Shopify has a market capitalization of $113.60 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 5,000 workers across the globe.

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

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]