Shopify - SHOP Stock Forecast, Price & News

37 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 1 sell rating, 17 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities research 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.

37 Wall Street research analysts have issued twelve-month 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 share price to reach $72.18 in the next year. This suggests a possible upside of 151.0% from the stock's current price.
View analysts price targets for SHOP or view top-rated stocks among Wall Street analysts.

Shopify's stock was trading at $137.7390 on January 1st, 2022. Since then, SHOP stock has decreased by 79.1% and is now trading at $28.76.
View the best growth stocks for 2022 here.

Shopify saw a decrease in short interest during the month of August. As of August 15th, there was short interest totaling 45,490,000 shares, a decrease of 21.5% from the July 31st total of 57,950,000 shares. Based on an average trading volume of 34,590,000 shares, the days-to-cover ratio is presently 1.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SHOP earnings forecast.

Shopify Inc. (NYSE:SHOP) posted its quarterly earnings data on Wednesday, July, 27th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by $0.04. The software maker earned $1.30 billion during the quarter, compared to analyst estimates of $1.33 billion. Shopify had a negative net margin of 38.01% and a negative trailing twelve-month return on equity of 1.61%.

Shopify's stock split on the morning of Wednesday, June 29th 2022. The 10-1 split was announced on Monday, April 11th 2022. The newly created shares were issued 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.

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.

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).

(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 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 variety of institutional and retail investors. Top institutional shareholders 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%).

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.
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One share of SHOP stock can currently be purchased for approximately $28.76.

Shopify (NYSE:SHOP) has a market capitalization of $36.21 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.

The company employs 10,000 workers across the globe.

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.