Shopify Stock Forecast, Price & News

33 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 1 sell rating, 13 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Shopify stock.
View analyst ratings for Shopify or view top-rated stocks.

Wall Street analysts have given Shopify a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Shopify wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Shopify saw a drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,520,000 shares, a drop of 15.6% from the March 31st total of 1,800,000 shares. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is presently 1.1 days.
View Shopify's Short Interest.

Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Shopify.

Shopify Inc. (NYSE:SHOP) announced its quarterly earnings results on Wednesday, April, 28th. The software maker reported $2.01 EPS for the quarter, topping the consensus estimate of $0.74 by $1.27. The software maker had revenue of $988.70 million for the quarter, compared to the consensus estimate of $851.43 million. Shopify had a net margin of 7.99% and a trailing twelve-month return on equity of 2.35%. The business's revenue was up 110.4% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share.
View Shopify's earnings history.

Shopify's stock was trading at $422.31 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SHOP stock has increased by 148.1% and is now trading at $1,047.77.
View which stocks have been most impacted by COVID-19.

33 analysts have issued 12 month target prices for Shopify's shares. Their forecasts range from $900.00 to $1,900.00. On average, they anticipate Shopify's stock price to reach $1,406.09 in the next twelve months. This suggests a possible upside of 34.2% 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), Oracle (ORCL), salesforce.com (CRM), SAP (SAP), Intuit (INTU), ServiceNow (NOW), Square (SQ), Activision Blizzard (ATVI), VMware (VMW), Autodesk (ADSK), Dassault Systèmes (DASTY), Snowflake (SNOW), Twilio (TWLO), CrowdStrike (CRWD) and Electronic Arts (EA).
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 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 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 institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (4.79%), Jennison Associates LLC (3.80%), WCM Investment Management LLC (1.62%), Sands Capital Management LLC (1.04%), Bank of Montreal Can (0.91%) and ARK Investment Management LLC (0.88%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including Aequim Alternative Investments LP, Toronto Dominion Bank, Winslow Capital Management LLC, Discovery Value Fund, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Korea Investment CORP, Tybourne Capital Management HK Ltd., and BlackRock Inc..

SHOP stock was bought by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Sands Capital Management LLC, Jennison Associates LLC, Artisan Partners Limited Partnership, Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Baillie Gifford & Co., and Bank of Montreal Can.

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 $1,047.77.

Shopify has a market capitalization of $128.38 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]