Shopify Stock Forecast, Price & News

29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 1 sell rating, 14 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research 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 top-rated stocks.

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.
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Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Shopify.

Shopify Inc. (NYSE:SHOP) announced its quarterly earnings data on Wednesday, February, 17th. The software maker reported $1.58 EPS for the quarter, beating the consensus estimate of $0.56 by $1.02. The software maker had revenue of $977.74 million for the quarter, compared to analyst estimates of $906.82 million. Shopify had a trailing twelve-month return on equity of 2.35% and a net margin of 7.99%.
View Shopify's earnings history.

Shopify's stock was trading at $422.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SHOP shares have increased by 203.3% and is now trading at $1,280.97.
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29 analysts have issued 12 month price objectives for Shopify's stock. Their forecasts range from $400.00 to $1,900.00. On average, they expect Shopify's stock price to reach $1,287.62 in the next year. This suggests a possible upside of 0.5% from the stock's current price.
View analysts' price targets for Shopify or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Shopify include Adobe (ADBE), salesforce.com (CRM), Oracle (ORCL), SAP (SAP), Intuit (INTU), ServiceNow (NOW), Square (SQ), Activision Blizzard (ATVI), Snowflake (SNOW), Autodesk (ADSK), Twilio (TWLO), VMware (VMW), Dassault Systèmes (DASTY), CrowdStrike (CRWD) and Veeva Systems (VEEV).
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 many different retail and institutional investors. Top institutional shareholders include Aequim Alternative Investments LP (5.50%), Baillie Gifford & Co. (4.70%), Jennison Associates LLC (3.52%), Price T Rowe Associates Inc. MD (2.16%), WCM Investment Management LLC (1.59%) and WCM Investment Management LLC (1.59%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Price T Rowe Associates Inc. MD, Voloridge Investment Management LLC, Bank of New York Mellon Corp, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Principal Financial Group Inc., Principal Financial Group Inc., and Eaton Vance Management.

SHOP stock was bought by a variety of institutional investors in the last quarter, including Aequim Alternative Investments LP, Jennison Associates LLC, Nikko Asset Management Americas Inc., Brown Advisory Inc., Sumitomo Mitsui Trust Holdings Inc., Renaissance Technologies LLC, Egerton Capital UK LLP, and Caisse DE Depot ET Placement DU Quebec.

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.
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One share of SHOP stock can currently be purchased for approximately $1,280.97.

Shopify has a market capitalization of $156.17 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.

Shopify was founded in 2004.

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

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

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]