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NYSE:SHOP

Shopify - SHOP Stock Forecast, Price & News

$49.27
+2.08 (+4.41%)
(As of 01/31/2023 05:08 PM ET)
Add
Compare
Today's Range
$47.73
$49.74
50-Day Range
$32.64
$50.08
52-Week Range
$23.63
$98.85
Volume
21.19 million shs
Average Volume
22.06 million shs
Market Capitalization
$62.22 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$56.08

Shopify MarketRank™ Forecast

Analyst Rating
Hold
2.34 Rating Score
Upside/​Downside
13.4% Upside
$55.87 Price Target
Short Interest
Healthy
4.07% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.05
Upright™ Environmental Score
News Sentiment
0.42mentions of Shopify in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.50) to ($0.48) Per Share

Overall MarketRank

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

1.94 out of 5 stars

Computer And Technology Sector

427th out of 631 stocks

Prepackaged Software Industry

149th out of 217 stocks


SHOP stock logo

About Shopify (NYSE:SHOP) Stock

Shopify Inc. is a commerce platform and eCommerce infrastructure provider connecting small businesses with a large and growing global marketplace. The company was formed in 2004 in Ottawa, Canada as Jaded Pixel Technologies but changed its name to Shopify Inc in 2011. The name change was part of a rebranding strategy that helped accelerate the business and drive it to $5.5 billion in sales in 2022.

As of October 2022, the company boasted “millions” of merchants in 175 countries with more than $543 billion in economic activity generated since launch. In terms of scale, Shopify employs more than 10,000 individuals and is among the top 20 publicly traded companies in Canada.

Shopify was founded by Tobi Lütke. Mr. Lütke had been working on a website for a snowboard store but quickly realized the software was more valuable than just selling snowboards so his team switched gears. The platform was launched in 2006 and it quickly gained momentum. Mr. Lütke is a member of the board of directors and the company’s CEO, a position he has held since 2008.

Shopify is a commerce company but, more importantly, it is an eCommerce commerce company that can assist small businesses with all aspects of their operations. The company is in business to provide an eCommerce platform for small businesses globally. Its platform enables merchants to market, manage, and sell their products through a variety of sales channels that include but are not limited to eCommerce. Channels include the company’s core Shopify.com website as well as brick & mortar locations, pop-ups, social media, and buy-now buttons.

Because branding is such an important part of a business's success the company goes to great lengths to assist its merchants in that regard. The Shopify.com website includes several tools to help with branding that include a business name generator and a logo maker as well as a website builder and a full range of marketing products. Marketing products help merchants with email marketing and Facebook ads as well as automation of the same.

Among the many benefits of using Shopify is acceleration. Businesses that use the website to its fullest are able to accelerate their growth and reach milestones years ahead of their competitors. Brands that use Shopify.com include Heinz, Tupperware, and Netflix. According to data from BuiltWith, the Shopify platform was host to more than 1.58 million websites in 2021 and the figure is growing. Data from W3Techs suggest that more than 4.0% of the top 10 million websites are using Shopify.

 

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SHOP Stock News Headlines

Shopify Clears Cup-With-Handle Base: Can Momentum Continue?
E-commerce platform Shopify cleared a cup-with-handle base with a buy point above $45.16. The surge followed a Shopify blog post, announcing price increases.
Block Stock is a Gem Hiding in Plain Sight (SHOP)
Merchant and consumer financial ecosystems provider Block Inc. (NYSE: SQ) stock is starting the year off with a 6.7% gain after tanking a (-52%) tumble
GRAPHITE: "Essential for America's National Defense"
Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider.
Benchmark Weighs in on Shopify Inc.'s Q2 2023 Earnings (NYSE:SHOP)
Why Shopify Stock Was Slumping Today
Shopify (NYSE:SHOP) Raised to Buy at Roth Capital
Without Graphite, There Would Be ZERO EV Batteries!
Investors constantly hear that lithium is the key to powering the transition to green energy. Truth is, today's EV batteries contain more graphite in volume than any other essential ingredients.
Shopify's Stock Blitzes on Company's Price Increases
Shopify Stock Sees Relative Strength Rating Jump To 84
Shopify (NYSE:SHOP) Research Coverage Started at DA Davidson
Here's Why BigCommerce Stock Surged This Week
My Favorite Growth Stocks for 2023
Why Apple, Roku, and Shopify Stocks All Tumbled Thursday
Better E-Commerce Stock: Shopify vs. BigCommerce
See More Headlines
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SHOP Company Calendar

Last Earnings
10/28/2021
Today
1/31/2023
Next Earnings (Confirmed)
2/15/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
10,000
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$55.87
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+13.8%
Consensus Rating
Hold
Rating Score (0-4)
2.34
Research Coverage
39 Analysts

Profitability

Net Income
$2.91 billion
Pretax Margin
-66.67%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$0.38 per share
Book Value
$8.84 per share

Miscellaneous

Outstanding Shares
1,262,860,000
Free Float
N/A
Market Cap
$62.22 billion
Optionable
Optionable
Beta
1.93

Social Links


Key Executives

  • Mr. Tobias Lütke (Age 42)
    Founder, Chairman & CEO
    Comp: $1
  • Mr. Harley Finkelstein (Age 40)
    Pres
    Comp: $473.28k
  • Mr. Allan Leinwand (Age 56)
    Chief Technology Officer
    Comp: $212.5k
  • Mr. Toby Shannan (Age 53)
    Special Advisor
    Comp: $512.72k
  • Mr. Jeff J. Hoffmeister CPA
    Chief Financial Officer
  • Mr. Kaz Nejatian
    VP of Product & COO
  • Katie Keita
    Sr. Director of Investor Relations
  • Ms. Jessica R. Hertz
    Gen. Counsel & Corp. Sec.
  • Ms. Brittany Forsyth (Age 36)
    Chief Talent Officer
  • Ms. Bharati Balakrishnan
    Country Head & Director- India













SHOP Stock - Frequently Asked Questions

Should I buy or sell Shopify stock right now?

38 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. 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.
View SHOP analyst ratings
or view top-rated stocks.

What is Shopify's stock price forecast for 2023?

38 brokers have issued 1-year price objectives for Shopify's shares. Their SHOP share price forecasts range from $30.00 to $150.00. On average, they expect the company's stock price to reach $55.87 in the next year. This suggests a possible upside of 18.4% 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 2023?

Shopify's stock was trading at $34.71 on January 1st, 2023. Since then, SHOP shares have increased by 36.0% and is now trading at $47.19.
View the best growth stocks for 2023 here
.

When is Shopify's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our SHOP earnings forecast
.

How can I listen to Shopify's earnings call?

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.

How were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) posted its earnings results on Thursday, October, 28th. The software maker reported $0.08 earnings per share for the quarter, topping 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 net margin of 61.17% and a negative trailing twelve-month return on equity of 3.82%. Shopify's quarterly revenue was up 46.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 earnings per share.

When did Shopify's stock split?

Shopify's stock split before market open on Wednesday, June 29th 2022. The 10-1 split was announced on Monday, April 11th 2022. The newly issued shares were payable to shareholders after the market closes 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."

Who are Shopify's major shareholders?

Shopify's stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (5.74%), ARK Investment Management LLC (1.05%), Sumitomo Mitsui Trust Holdings Inc. (1.02%), Assenagon Asset Management S.A. (0.22%), Barton Investment Management (0.17%) and AMF Tjanstepension AB (0.13%).

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 $47.19.

How much money does Shopify make?

Shopify (NYSE:SHOP) has a market capitalization of $59.59 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.

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 1/31/2023 by MarketBeat.com Staff