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 stock has increased by 143.9% and is now trading at $1,029.97. 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 Thursday, August 6th 2020. View our earnings forecast for Shopify.

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

30 brokers have issued twelve-month target prices for Shopify's shares. Their forecasts range from $320.00 to $1,127.00. On average, they anticipate Shopify's stock price to reach $694.63 in the next year. This suggests that the stock has a possible downside of 32.6%. View analysts' price targets for Shopify.

News coverage about SHOP stock has trended negative on Sunday, according to InfoTrie. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Shopify earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave news headlines about the software maker a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the near term. View the latest news about Shopify.

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

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

Shopify's stock is owned by a variety of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.00%), Park National Corp OH (0.00%) and Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, and Park National Corp OH.

SHOP stock was bought by a variety of institutional investors in the last quarter, including Nelson Van Denburg & Campbell Wealth Management Group 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 $1,029.97.

Shopify has a market capitalization of $120.77 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]