NYSE:SHOP

Shopify - SHOP Stock Forecast, Price & News

$26.94

+0.17 (+0.64%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $26.38
▼
$28.14
50-Day Range: $26.77
▼
$41.93
52-Week Range: $26.38
▼
$176.29

Volume: 24.80 million shs
Average Volume: 26.50 million shs
Market Capitalization: $33.92 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $72.18

Shopify MarketRank™ Forecast

Analyst Rating: Hold
2.49 Rating Score
Upside/Downside: 167.9% Upside
$72.18 Price Target
Short Interest: Healthy
4.48% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.02
Upright™ Environmental Score
News Sentiment: 0.21
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Computer And Technology Sector

465th out of 652 stocks

Prepackaged Software Industry

163rd out of 227 stocks

4.2

Analyst's Opinion

Consensus Rating
Shopify has received a consensus rating of Hold. The company's average rating score is 2.49, and is based on 19 buy ratings, 17 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $72.18, Shopify has a forecasted upside of 167.9% from its current price of $26.94.
Amount of Analyst Coverage
Shopify has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
4.48% of the float of Shopify has been sold short.
Short Interest Ratio / Days to Cover
Shopify has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Shopify has recently increased by 2.82%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Shopify does not currently pay a dividend.
Dividend Growth
Shopify does not have a long track record of dividend growth.

2.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Shopify has received a 10.29% net impact score from Upright. Shopify seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Payment platform", "E-commerce platform software", and "E-commerce personalization software" products. See details.
Environmental Sustainability
The Environmental Impact score for Shopify is -1.02.

1.2

News and Social Media Coverage

News Sentiment
Shopify has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Shopify this week, compared to 12 articles on an average week.
Search Interest
Only 326 people have searched for SHOP on MarketBeat in the last 30 days. This is a decrease of -2% compared to the previous 30 days.
MarketBeat Follows
Only 61 people have added Shopify to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Shopify insiders have not sold or bought any company stock.
Percentage Held by Institutions
54.64% of the stock of Shopify is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Shopify are expected to remain at ($0.65) per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of Shopify is -17.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Shopify is -17.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Shopify has a P/B Ratio of 3.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Shopify (NYSE:SHOP) Stock

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

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SHOP Stock News Headlines

September 30, 2022 | marketbeat.com

MarketBeat: Week in Review 9/26 – 9/30 (SHOP)

As we close the worst September for stocks since 2008, our analysts continue to give you insight into the stocks and stories that are moving the market

September 30, 2022 | pricetargets.com

Despite A Tough Year, Shopify Is A BUY

September 27, 2022 | marketbeat.com

Is the Market Overreacting with Shopify Stock?

E-commerce infrastructure platform Shopify (NYSE: SHOP) stock has fallen from a high of $176.29 to the recent low of $27.65 in less than a year’s time.

September 23, 2022 | marketbeat.com

Will Wall Street's Enthusiasm About Datadog Lead To Big Gains? (SHOP)

Cloud monitoring specialist Datadog has been the subject of analyst enthusiasm recently, and Wall Street sees an upside potential of 67%.

September 6, 2022 | marketbeat.com

Affirm is the Underdog Starring in a Spaghetti Western (SHOP)

Buy now and pay later (BNPL) online purchase financing platform Affirm (NASDAQ: AFRM) is trying to maintain a foothold in a mudslide.

September 5, 2022 | marketbeat.com

Forget Bitcoin, Block’s Ecosystems are the Real Growth Drivers (SHOP)

It’s been a tough year for payments platform fintech Block (NYSE: SQ) stock as it trades down (-58%) on the year. The old adage, “it’s better to have had and

September 26, 2022 | fool.com

Down 80%, Is Shopify Stock Worth the Risk? - The Motley Fool

September 26, 2022 | finance.yahoo.com

Down 80%, Is Shopify Stock Worth the Risk?

September 25, 2022 | fool.com

How Profitable Is Shopify Exactly After Accounting for Stock-Based Compensation? - The Motley Fool

September 25, 2022 | finance.yahoo.com

How Profitable Is Shopify Exactly After Accounting for Stock-Based Compensation?

September 23, 2022 | finance.yahoo.com

Shopify Inc. stock performance and analyst projections

September 23, 2022 | businessinsider.com

FedEx's Shopify Strategy Becomes a Risk As E-Comm Cools - Business Insider

September 23, 2022 | fool.com

Why Shopify Stock Was Getting Dumped Today - The Motley Fool

September 21, 2022 | finance.yahoo.com

Why Shopify Stock Got Rocked Today

September 20, 2022 | fool.com

Why Shopify Stock Got Rocked on Tuesday - The Motley Fool

September 20, 2022 | finance.yahoo.com

Why Shopify Stock Got Rocked on Tuesday

September 18, 2022 | fool.com

Down 77%, Will Shopify Stock Bounce Back? - The Motley Fool

September 18, 2022 | finance.yahoo.com

Down 77%, Will Shopify Stock Bounce Back?

September 17, 2022 | reuters.com

Shopify offers workers greater say in compensation structure to attract talent - Reuters

September 17, 2022 | fool.com

Shopify's Down 80%: Should You Buy the Dip on this E-Commerce Stock? - The Motley Fool

September 16, 2022 | bizjournals.com

Twitter, Shopify investor funnels $22M into Wilmington cybersecurity startup - The Business Journals

September 16, 2022 | finance.yahoo.com

Twitter, Shopify investor funnels $22M into Wilmington cybersecurity startup

September 16, 2022 | finance.yahoo.com

Shopify CEO Bought More Coinbase Stock

September 16, 2022 | theglobeandmail.com

Shopify to launch 'Flex Comp' software, giving employees choice in mix of cash and equity paid - The Globe and Mail

September 16, 2022 | globenewswire.com

Fast Simon Launches First No-Code Search & Discovery Solution For Shopify Hydrogen - GlobeNewswire

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SHOP Company Calendar

Last Earnings: 7/27/2022
Today: 10/02/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:SHOP
CUSIP: N/A
CIK: 1594805
Web: www.shopify.ca
Phone: (613) 241-2828
Fax: N/A
Employees: 10,000
Year Founded: 2004

Price Target and Rating

Average Stock Price Forecast: $72.18
High Stock Price Forecast: $200.00
Low Stock Price Forecast: $32.00
Forecasted Upside/Downside: +167.9%
Consensus Rating: Hold
Rating Score (0-4): 2.49
Research Coverage: 37 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.5150)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $2.91 billion
Net Margins: -38.01%
Pretax Margin: -39.97%
Return on Equity: -1.61%
Return on Assets: -1.33%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 11.17
Quick Ratio: 11.17

Sales & Book Value

Annual Sales: $4.61 billion
Price / Sales: 7.35
Cash Flow: $0.39 per share
Price / Cash Flow: 69.68
Book Value: $8.84 per share
Price / Book: 3.05

Miscellaneous

Outstanding Shares: 1,258,970,000
Free Float: N/A
Market Cap: $33.92 billion
Optionable: Optionable
Beta: 1.82

Social Links

Key Executives

Mr. Tobias Lütke (Age 41)
Founder, Chairman & CEO
Comp: $1

Mr. Harley Finkelstein (Age 39)
Pres
Comp: $473.28k

Ms. Amy E. Shapero (Age 59)
Chief Financial Officer
Comp: $610.13k

Mr. Toby Shannan (Age 52)
Chief Operating Officer
Comp: $512.72k

Mr. Allan Leinwand (Age 55)
Chief Technology Officer
Comp: $212.5k

Katie Keita
Sr. Director of Investor Relations

Ms. Jessica R. Hertz
Gen. Counsel & Corp. Sec.

Ms. Brittany Forsyth (Age 35)
Chief Talent Officer

Ms. Bharati Balakrishnan
Country Head & Director- India

Mr. Loren Padelford
GM & VP of Shopify Plus

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SHOP Stock - Frequently Asked Questions

Should I buy or sell Shopify stock right now?: 37 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. 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.
What is Shopify's stock price forecast for 2022?: 37 Wall Street research analysts have issued twelve-month price objectives for Shopify's stock. 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 167.9% from the stock's current price.
View analysts price targets for SHOP or view top-rated stocks among Wall Street analysts.
How have SHOP shares performed in 2022?: Shopify's stock was trading at $137.7390 on January 1st, 2022. Since then, SHOP stock has decreased by 80.4% and is now trading at $26.94.
View the best growth stocks for 2022 here.
When is Shopify's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SHOP earnings forecast.
How were Shopify's earnings last quarter?: Shopify Inc. (NYSE:SHOP) issued its quarterly earnings data on Wednesday, July, 27th. The software maker reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by $0.04. The software maker had revenue of $1.30 billion for 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%.
When did Shopify's stock split?: Shopify's stock split on Wednesday, June 29th 2022. The 10-1 split was announced on Monday, April 11th 2022. The newly minted shares were distributed to shareholders after the closing bell 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.
What is Tobias Lütke's approval rating as Shopify's CEO?: 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.

What other stocks do shareholders of Shopify own?: 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).
When did Shopify IPO?: (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 acted as the underwriters for the IPO and Pacific Crest Securities, Raymond James and Canaccord Genuity were co-managers.
What is Shopify's stock symbol?: Shopify trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHOP."
How do I buy shares of Shopify?: 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.
Compare Top Brokerages Here.
What is Shopify's stock price today?: One share of SHOP stock can currently be purchased for approximately $26.94.
How much money does Shopify make?: Shopify (NYSE:SHOP) has a market capitalization of $33.92 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.
How many employees does Shopify have?: The company employs 10,000 workers across the globe.
Does Shopify have any subsidiaries?: 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.
Read More
How can I contact Shopify?: 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.

This page (NYSE:SHOP) was last updated on 10/2/2022 by MarketBeat.com Staff

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Shopify - SHOP Stock Forecast, Price & News

Shopify MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows