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NYSE:SHOP

Shopify - SHOP Stock Forecast, Price & News

$38.38
-0.26 (-0.67%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$38.33
▼
$40.36
50-Day Range
$25.67
▼
$43.40
52-Week Range
$23.63
▼
$153.15
Volume
20.07 million shs
Average Volume
32.75 million shs
Market Capitalization
$48.47 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$57.25

Shopify MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
46.9% Upside
$56.37 Price Target
Short Interest
Healthy
3.82% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.70
Upright™ Environmental Score
News Sentiment
0.35mentions of Shopify in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.50) to ($0.46) Per Share

Overall MarketRank™

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

2.30 out of 5 stars

Computer And Technology Sector

259th out of 621 stocks

Prepackaged Software Industry

106th out of 218 stocks

See Top Rated MarketRank™ Stocks Here
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

December 9, 2022 | americanbankingnews.com
Shopify (NYSE:SHOP) Upgraded at CIBC
December 9, 2022 | americanbankingnews.com
Wolfe Research Downgrades Shopify (NYSE:SHOP) to Peer Perform
December 8, 2022 | americanbankingnews.com
Shopify (NYSE:SHOP) Lifted to Sell at StockNews.com
December 3, 2022 | americanbankingnews.com
Shopify (NYSE:SHOP) Trading Up 6.3%
December 1, 2022 | americanbankingnews.com
Shopify (NYSE:SHOP) Coverage Initiated at Oppenheimer
November 30, 2022 | finance.yahoo.com
Murky Outlook for Internet Services, But Here Are 3 Opportunities
November 30, 2022 | finance.yahoo.com
3 Reasons to Be Bearish on Shopify Stock
November 30, 2022 | finance.yahoo.com
Is Shopify's Surge Sustainable?
November 28, 2022 | finance.yahoo.com
Shopify Gets a Black Friday Lift, But Is It Temporary?
November 28, 2022 | finance.yahoo.com
Better E-Commerce Stock: Shopify vs. Coupang
November 26, 2022 | finance.yahoo.com
Cha-Ching! Shopify Merchants Break Black Friday Records with $3.36 Billion in Sales
November 22, 2022 | finance.yahoo.com
Should You Think About Buying Shopify Inc. (NYSE:SHOP) Now?
November 18, 2022 | finance.yahoo.com
Is Shopify's Business in Trouble?
November 17, 2022 | finance.yahoo.com
Why Shopify-Backed Global-e Online Stock Crashed On Thursday
November 17, 2022 | finance.yahoo.com
Why Buying Shopify Stock Now Could Be a Genius Move
November 14, 2022 | finance.yahoo.com
The Best Stocks to Buy With $500 Right Now
October 28, 2022 | finance.yahoo.com
Shopify Losses Mount Once Again -- Time to Sell?
October 27, 2022 | finance.yahoo.com
Here's Why Shopify Stock Soared Today
October 27, 2022 | finance.yahoo.com
Shopify (SHOP) Q3 2022 Earnings Call Transcript
October 27, 2022 | investorplace.com
Why Is Shopify (SHOP) Stock Up 19% Today?
October 26, 2022 | finance.yahoo.com
Why Shopify (SHOP) Might Surprise This Earnings Season
October 24, 2022 | finance.yahoo.com
Why Shopify Stock Got Clobbered Early Monday
October 22, 2022 | finance.yahoo.com
Down 80%, Is Shopify Stock a Bear Market Buy?
October 21, 2022 | finance.yahoo.com
1 Growth Stock Down 78% That Could Drop Further: Here's Why It's a Buy Anyway
October 19, 2022 | businessinsider.com
Relevize: Shopify-Backer Insight Partners Leads $6 Million Round - Business Insider
See More Headlines
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SHOP Company Calendar

Last Earnings
10/27/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/15/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Prepackaged software
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NYSE:SHOP
CUSIP
N/A
CIK
1594805
Web
www.shopify.ca
Phone
(613) 241-2828
Fax
N/A
Employees
10,000
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$56.37
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+49.2%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
38 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($2.5350)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$2.91 billion
Net Margins
-61.17%
Pretax Margin
-66.67%
Return on Equity
-3.82%
Return on Assets
-3.10%

Debt

Debt-to-Equity Ratio
0.15
Current Ratio
6.64
Quick Ratio
6.64

Sales & Book Value

Annual Sales
$4.61 billion
Price / Sales
10.51
Cash Flow
$0.38 per share
Price / Cash Flow
100.19
Book Value
$8.84 per share
Price / Book
4.34

Miscellaneous

Outstanding Shares
1,262,865,000
Free Float
N/A
Market Cap
$48.47 billion
Optionable
Optionable
Beta
1.91

Social Links


Key Executives

  • Mr. Tobias Lütke (Age 41)
    Founder, Chairman & CEO
    Comp: $1
  • Mr. Harley Finkelstein (Age 39)
    Pres
    Comp: $473.28k
  • Mr. Allan Leinwand (Age 55)
    Chief Technology Officer
    Comp: $212.5k
  • Mr. Toby Shannan (Age 52)
    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 35)
    Chief Talent Officer
  • Ms. Bharati Balakrishnan
    Country Head & Director- India

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SHOP Stock - Frequently Asked Questions

Should I buy or sell Shopify stock right now?

38 Wall Street 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 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 Wall Street research analysts have issued 1-year target prices for Shopify's stock. Their SHOP share price forecasts range from $30.00 to $150.00. On average, they expect the company's stock price to reach $56.37 in the next year. This suggests a possible upside of 42.3% 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 2022?

Shopify's stock was trading at $137.7390 on January 1st, 2022. Since then, SHOP stock has decreased by 71.2% and is now trading at $39.62.
View the best growth stocks for 2022 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 were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) posted its quarterly earnings data on Thursday, October, 27th. The software maker reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.24) by $0.10. The software maker had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.33 billion. Shopify had a negative net margin of 61.17% and a negative trailing twelve-month return on equity of 3.82%.

When did Shopify's stock split?

Shares of Shopify 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 issued 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 (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.

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 institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (5.11%), Vanguard Group Inc. (3.05%), Price T Rowe Associates Inc. MD (2.54%), Sands Capital Management LLC (1.79%), ARK Investment Management LLC (1.15%) and Sumitomo Mitsui Trust Holdings Inc. (1.11%).

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 $39.62.

How much money does Shopify make?

Shopify (NYSE:SHOP) has a market capitalization of $50.03 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 12/9/2022 by MarketBeat.com Staff