Shopify - SHOP Stock Forecast, Price & News

38 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 20 hold ratings and 16 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.
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38 analysts have issued twelve-month price targets for Shopify's shares. Their SHOP share price forecasts range from $30.00 to $150.00. On average, they expect the company's share price to reach $54.00 in the next year. This suggests a possible upside of 0.7% from the stock's current price.
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Shopify's stock was trading at $34.71 at the start of the year. Since then, SHOP stock has increased by 54.5% and is now trading at $53.63.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our SHOP earnings forecast.

Shopify will be holding an earnings conference call on Wednesday, February 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Shopify Inc. (NYSE:SHOP) posted its earnings results on Thursday, October, 28th. The software maker reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The software maker earned $1.12 billion during the quarter, compared to analysts' expectations of $1.15 billion. Shopify had a negative trailing twelve-month return on equity of 3.82% and a negative net margin of 61.17%. The firm's quarterly revenue was up 46.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share.

Shopify shares split before market open on Wednesday, June 29th 2022. The 10-1 split was announced on Monday, April 11th 2022. The newly minted shares were payable 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.

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.

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).

(SHOP) raised $100 million in an 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.

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 Baillie Gifford & Co. (5.74%), ARK Investment Management LLC (1.05%), Sumitomo Mitsui Trust Holdings Inc. (1.02%), Simplex Trading LLC (0.00%), Assenagon Asset Management S.A. (0.22%) and Barton Investment Management (0.17%).

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.
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One share of SHOP stock can currently be purchased for approximately $53.63.

Shopify (NYSE:SHOP) has a market capitalization of $67.73 billion and generates $4.61 billion in revenue each year. The software maker earns $2.91 billion in net income (profit) each year or ($2.5350) on an earnings per share basis.

The company employs 10,000 workers across the globe.

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.