Shopify Stock Forecast, Price & News

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 1 sell rating, 12 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street 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 is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for Shopify.

Shopify will be holding an earnings conference call on Wednesday, July 28th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Shopify Inc. (NYSE:SHOP) posted its earnings results on Wednesday, April, 28th. The software maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 46.67% and a trailing twelve-month return on equity of 6.52%. The firm's quarterly revenue was up 110.4% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share.
View Shopify's earnings history.

Shopify's stock was trading at $422.31 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SHOP shares have increased by 274.9% and is now trading at $1,583.32.
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31 equities research analysts have issued 1-year target prices for Shopify's stock. Their forecasts range from $900.00 to $2,000.00. On average, they anticipate Shopify's stock price to reach $1,499.81 in the next year. This suggests that the stock has a possible downside of 5.3%.
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), Oracle (ORCL), salesforce.com (CRM), SAP (SAP), Intuit (INTU), Square (SQ), ServiceNow (NOW), Snowflake (SNOW), Activision Blizzard (ATVI), Dassault Systèmes (DASTY), Autodesk (ADSK), Twilio (TWLO), VMware (VMW), CrowdStrike (CRWD) and DocuSign (DOCU).
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 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 retail and institutional investors. Top institutional investors include Tybourne Capital Management HK Ltd. (0.17%), Spence Asset Management (0.01%), Adirondack Retirement Specialists Inc. (0.01%), XR Securities LLC (0.00%), Meridian Wealth Management LLC (0.01%) and Teamwork Financial Advisors LLC (0.01%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including Adirondack Retirement Specialists Inc., Harel Insurance Investments & Financial Services Ltd., Raymond James Trust N.A., Alpha Cubed Investments LLC, XR Securities LLC, Baskin Financial Services Inc., Focused Wealth Management Inc, and Willis Johnson & Associates Inc..

SHOP stock was acquired by a variety of institutional investors in the last quarter, including Tybourne Capital Management HK Ltd., Teamwork Financial Advisors LLC, CTC LLC, Brookstone Capital Management, Welch & Forbes LLC, EFG Asset Management Americas Corp., Eagle Global Advisors LLC, and Transform Wealth LLC.

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 $1,583.32.

Shopify has a market capitalization of $196.85 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]