NYSE:SHOPShopify Stock Price, Forecast & News

Shopify's stock was trading at $422.31 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SHOP stock has increased by 95.4% and is now trading at $825.17. View which stocks have been most impacted by Coronavirus.

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 19 hold ratings and 8 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) released its quarterly earnings data on Wednesday, May, 6th. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.70) by $0.89. The software maker earned $470 million during the quarter, compared to analysts' expectations of $442.92 million. Shopify had a negative net margin of 7.65% and a negative return on equity of 2.56%. Shopify's quarterly revenue was up 46.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. View Shopify's earnings history.

29 equities research analysts have issued 1 year target prices for Shopify's stock. Their forecasts range from $264.00 to $860.00. On average, they anticipate Shopify's stock price to reach $625.27 in the next year. This suggests that the stock has a possible downside of 24.2%. View analysts' price targets for Shopify.

Media headlines about SHOP stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Shopify earned a news impact score of 1.5 on InfoTrie's scale. They also gave headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutShopify.

Some companies that are related to Shopify include Adobe (ADBE), Oracle (ORCL), salesforce.com (CRM), SAP (SAP), Intuit (INTU), ServiceNow (NOW), Uber Technologies (UBER), Activision Blizzard (ATVI), VMware (VMW), Autodesk (ADSK), Dassault Systemes (DASTY), Square (SQ), Electronic Arts (EA), Veeva Systems (VEEV) and Splunk (SPLK). 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 many different institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (5.14%), Morgan Stanley (4.57%), Capital World Investors (4.16%), WCM Investment Management LLC (2.81%), Jennison Associates LLC (2.52%) and Lone Pine Capital LLC (1.42%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including WCM Investment Management LLC, JPMorgan Chase & Co., Sands Capital Management LLC, Nuveen Asset Management LLC, Bank of New York Mellon Corp, Jennison Associates LLC, Franklin Resources Inc., and Two Sigma Advisers LP.

SHOP stock was acquired by a variety of institutional investors in the last quarter, including Capital World Investors, Morgan Stanley, Advisor Group Holdings Inc., Discovery Value Fund, Canada Pension Plan Investment Board, The Manufacturers Life Insurance Company , Massachusetts Financial Services Co. MA, and Capital International Investors.

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 $825.17.

Shopify has a market capitalization of $96.76 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]