Shopify Stock Forecast, Price & News

Shopify (NYSE:SHOP) Frequently Asked Questions

Is Shopify a buy right now?

32 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 13 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Shopify stock.
View analyst ratings for Shopify or view top-rated stocks.

How has Shopify's stock been impacted by COVID-19?

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 105.8% and is now trading at $868.92.
View which stocks have been most impacted by COVID-19.

When is Shopify's next earnings date?

Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, February 16th 2022.
View our earnings forecast for Shopify.

How were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) announced its quarterly earnings results on Thursday, October, 28th. The software maker reported $0.81 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.47 by $0.34. The software maker earned $1.12 billion during the quarter, compared to analysts' expectations of $1.15 billion. Shopify had a trailing twelve-month return on equity of 5.63% and a net margin of 81.00%. The company's revenue was up 46.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share.
View Shopify's earnings history.

What price target have analysts set for SHOP?

32 analysts have issued 1-year price objectives for Shopify's shares. Their forecasts range from $1,200.00 to $2,000.00. On average, they expect Shopify's share price to reach $1,571.89 in the next year. This suggests a possible upside of 80.9% from the stock's current price.
View analysts' price targets for Shopify or view top-rated stocks among Wall Street analysts.

Who are Shopify's key executives?

Shopify's management team includes the following people:

• Tobias Albin Lütke, Chairman & Chief Executive Officer
• Harley Finkelstein, President
• Toby Shannan, Chief Operating Officer
• Amy E. Shapero, Chief Financial Officer
• Jean-Michel Lemieux, Chief Technology Officer

What is Tobias Lütke's approval rating as Shopify's CEO?

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.

Who are some of Shopify's key competitors?

Some companies that are related to Shopify include Adobe (ADBE), Oracle (ORCL), salesforce.com (CRM), SAP (SAP), Intuit (INTU), ServiceNow (NOW), Snowflake (SNOW), NetEase (NTES), Dassault Systèmes (DASTY), Activision Blizzard (ATVI), Autodesk (ADSK), VMware (VMW), Square (SQ), Synopsys (SNPS) and Atlassian (TEAM).
View all of SHOP's competitors.

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), Square (SQ), Trade Desk (TTD), PayPal (PYPL), salesforce.com (CRM), Walt Disney (DIS) and Advanced Micro Devices (AMD).

When did Shopify IPO?

(SHOP) raised $100 million in an initial public offering (IPO) 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.

What is Shopify's stock symbol?

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

Who are Shopify's major shareholders?

Shopify's stock is owned by a variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (4.37%), WCM Investment Management LLC (1.65%), Barton Investment Management (0.18%), AustralianSuper Pty Ltd (0.11%), Tybourne Capital Management HK Ltd. (0.11%) and National Bank of Canada FI (0.05%).

Which major investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Tybourne Capital Management HK Ltd., Moody National Bank Trust Division, Parallel Advisors LLC, XR Securities LLC, Pendal Group Ltd, Carnegie Capital Asset Management LLC, and Stanley Laman Group Ltd..

Which major investors are buying Shopify stock?

SHOP stock was acquired by a variety of institutional investors in the last quarter, including National Bank of Canada FI, WCM Investment Management LLC, Kestra Advisory Services LLC, Stonnington Group LLC, Spire Wealth Management, Strategic Advisors LLC, Viridian Ria LLC, and Strs Ohio.

How do I buy shares of Shopify?

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.
Compare Top Brokerages Here.

What is Shopify's stock price today?

One share of SHOP stock can currently be purchased for approximately $868.92.

How much money does Shopify make?

Shopify has a market capitalization of $108.41 billion and generates $2.93 billion in revenue each year. The software maker earns $319.51 million in net income (profit) each year or $26.83 on an earnings per share basis.

How many employees does Shopify have?

Shopify employs 7,000 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.

When was Shopify founded?

Shopify was founded in 2004.

What is Shopify's official website?

The official website for Shopify is www.shopify.ca.

Where are Shopify's headquarters?

Shopify is headquartered at 150 Elgin Street 8th Floor, Ottawa A6, K2P 1L4.

How can I contact Shopify?

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].