Shopify Stock Forecast, Price & News

33 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 1 sell rating, 13 hold ratings and 19 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.

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.
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Shopify saw a increase in short interest during the month of May. As of May 14th, there was short interest totaling 1,770,000 shares, an increase of 29.2% from the April 29th total of 1,370,000 shares. Based on an average trading volume of 1,420,000 shares, the days-to-cover ratio is currently 1.2 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) released its quarterly earnings results on Wednesday, April, 28th. The software maker reported $2.01 earnings per share for the quarter, beating the consensus estimate of $0.74 by $1.27. The software maker earned $988.70 million during the quarter, compared to analysts' expectations of $851.43 million. Shopify had a trailing twelve-month return on equity of 6.52% and a net margin of 46.67%. The company's quarterly revenue was up 110.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 243.2% and is now trading at $1,449.27.
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33 brokerages have issued 12 month target prices for Shopify's shares. Their forecasts range from $900.00 to $1,900.00. On average, they anticipate Shopify's share price to reach $1,406.09 in the next year. This suggests that the stock has a possible downside of 3.0%.
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), salesforce.com (CRM), Oracle (ORCL), SAP (SAP), Intuit (INTU), Square (SQ), ServiceNow (NOW), NetEase (NTES), Snowflake (SNOW), Activision Blizzard (ATVI), VMware (VMW), Twilio (TWLO), Dassault Systèmes (DASTY), Autodesk (ADSK) and CrowdStrike (CRWD).
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 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. (4.79%), Jennison Associates LLC (3.80%), Price T Rowe Associates Inc. MD (2.26%), WCM Investment Management LLC (1.62%), Lone Pine Capital LLC (1.40%) and Sands Capital Management LLC (1.04%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including Aequim Alternative Investments LP, FIL Ltd, Toronto Dominion Bank, Winslow Capital Management LLC, Discovery Value Fund, Coatue Management LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and Great West Life Assurance Co. Can.

SHOP stock was bought by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Sands Capital Management LLC, Jennison Associates LLC, Caisse DE Depot ET Placement DU Quebec, Artisan Partners Limited Partnership, Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., and Janus Henderson Group PLC.

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 $1,449.27.

Shopify has a market capitalization of $180.18 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.

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]