Shopify Stock Forecast, Price & 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 (WHO). Since then, SHOP shares have increased by 183.4% and is now trading at $1,196.70.
View which stocks have been most impacted by COVID-19.

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 15 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Shopify stock. 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 analyst ratings for Shopify or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Shopify a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Shopify wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

6,978 employees have rated Shopify CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Shopify's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Shopify.

Shopify Inc. (NYSE:SHOP) released its quarterly earnings results on Thursday, October, 29th. The software maker reported $1.13 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.08) by $1.21. The software maker earned $767.40 million during the quarter, compared to analyst estimates of $652.60 million. Shopify had a net margin of 7.99% and a return on equity of 2.35%. The business's revenue was up 96.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.29) earnings per share.
View Shopify's earnings history.

31 analysts have issued 1-year target prices for Shopify's stock. Their forecasts range from $400.00 to $1,400.00. On average, they expect Shopify's share price to reach $1,057.72 in the next twelve months. This suggests that the stock has a possible downside of 11.6%.
View analysts' price targets for Shopify or view Wall Street analyst' top-rated stocks.

Shopify saw a decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,040,000 shares, a decline of 28.8% from the December 15th total of 1,460,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is presently 0.7 days.
View Shopify's Short Interest.

Some companies that are related to Shopify include Adobe (ADBE), salesforce.com (CRM), Oracle (ORCL), SAP (SAP), ServiceNow (NOW), Square (SQ), Intuit (INTU), Snowflake (SNOW), Activision Blizzard (ATVI), Autodesk (ADSK), Twilio (TWLO), Palantir Technologies (PLTR), VMware (VMW), Dassault Systèmes (DASTY) 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 IPO 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.

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 shareholders include Barton Investment Management (0.20%), Addenda Capital Inc. (0.05%), Huntington National Bank (0.04%), Axel Capital Management LLC (0.01%), Kestra Advisory Services LLC (0.01%) and Spence Asset Management (0.01%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including Barton Investment Management, Avantax Advisory Services Inc., Huntington National Bank, Atalanta Sosnoff Capital LLC, Axel Capital Management LLC, N.E.W. Advisory Services LLC, Meridian Wealth Management LLC, and Sterling Investment Advisors Ltd..

SHOP stock was purchased by a variety of institutional investors in the last quarter, including Kestra Advisory Services LLC, Addenda Capital Inc., Cypress Wealth Services LLC, Sowell Financial Services LLC, Capital CS Group LLC, NuWave Investment Management LLC, Nwam LLC, and Pendal Group Limited.

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.

One share of SHOP stock can currently be purchased for approximately $1,196.70.

Shopify has a market capitalization of $145.89 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]