Shopify Stock Forecast, Price & News

31 Wall Street 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 16 buy ratings for the stock. The consensus among Wall Street 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.

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Shopify saw a increase in short interest in March. As of March 15th, there was short interest totaling 1,780,000 shares, an increase of 60.4% from the February 28th total of 1,110,000 shares. Based on an average trading volume of 1,400,000 shares, the days-to-cover ratio is currently 1.3 days.
View Shopify's Short Interest.

Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
View our earnings forecast for Shopify.

Shopify will be holding an earnings conference call on Wednesday, April 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Shopify Inc. (NYSE:SHOP) posted its quarterly earnings data on Wednesday, February, 17th. The software maker reported $1.58 earnings per share (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 analysts' expectations of $906.82 million. Shopify had a net margin of 7.99% and a trailing twelve-month return on equity of 2.35%.
View Shopify's earnings history.

Shopify's stock was trading at $422.31 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SHOP shares have increased by 159.7% and is now trading at $1,096.64.
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31 Wall Street analysts have issued 12 month price targets for Shopify's shares. Their forecasts range from $830.00 to $1,900.00. On average, they expect Shopify's stock price to reach $1,331.59 in the next twelve months. This suggests a possible upside of 21.4% from the stock's current price.
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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), Oracle (ORCL), salesforce.com (CRM), SAP (SAP), Square (SQ), Intuit (INTU), ServiceNow (NOW), Activision Blizzard (ATVI), VMware (VMW), Snowflake (SNOW), Twilio (TWLO), Autodesk (ADSK), Dassault Systèmes (DASTY), CrowdStrike (CRWD) and DocuSign (DOCU).
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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 a price of $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 number of institutional and retail investors. Top institutional investors include Barton Investment Management (0.19%), Tybourne Capital Management HK Ltd. (0.16%), Huntington National Bank (0.04%), Hillsdale Investment Management Inc. (0.02%), Chicago Capital LLC (0.01%) and Henry James International Management Inc. (0.01%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including Tybourne Capital Management HK Ltd., Barton Investment Management, Atalanta Sosnoff Capital LLC, Gateway Investment Advisers LLC, Dfpg Investments LLC, NuWave Investment Management LLC, Henry James International Management Inc., and FDx Advisors Inc..

SHOP stock was acquired by a variety of institutional investors in the last quarter, including Royal London Asset Management Ltd., Moody National Bank Trust Division, JCIC Asset Management Inc., Dock Street Asset Management Inc., Ballew Advisors Inc, Hillsdale Investment Management Inc., Personal CFO Solutions LLC, and Bay Rivers Group.

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 $1,096.64.

Shopify has a market capitalization of $134.37 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 7,000 workers across the globe.

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.

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]