NYSE:SHOPShopify Stock Price, Forecast & News

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 77.5% and is now trading at $749.42. View which stocks have been most impacted by Coronavirus.

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 19 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Shopify.

Shopify is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Shopify.

Shopify Inc (NYSE:SHOP) released its quarterly earnings results on Wednesday, May, 6th. The software maker reported $0.19 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.70) by $0.89. The software maker earned $470 million during the quarter, compared to analyst estimates of $442.92 million. Shopify had a negative return on equity of 2.56% and a negative net margin of 7.65%. Shopify's revenue for the quarter was up 46.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. View Shopify's earnings history.

29 analysts have issued 1-year price targets for Shopify's stock. Their forecasts range from $264.00 to $860.00. On average, they anticipate Shopify's stock price to reach $629.31 in the next year. This suggests that the stock has a possible downside of 16.0%. View analysts' price targets for Shopify.

News stories about SHOP stock have been trending very positive recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Shopify earned a news sentiment score of 3.5 on InfoTrie's scale. They also assigned headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutShopify.

Some companies that are related to Shopify include Adobe (ADBE), Oracle (ORCL), salesforce.com (CRM), SAP (SAP), Intuit (INTU), ServiceNow (NOW), VMware (VMW), Uber Technologies (UBER), Activision Blizzard (ATVI), Autodesk (ADSK), Dassault Systemes (DASTY), Square (SQ), Electronic Arts (EA), Veeva Systems (VEEV) and Splunk (SPLK). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Shopify investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Trade Desk (TTD), Walt Disney (DIS), Tesla (TSLA), Square (SQ), Paypal (PYPL), salesforce.com (CRM) and Micron Technology (MU).

(SHOP) raised $100 million in an initial public offering (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 a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (5.14%), Morgan Stanley (4.57%), Morgan Stanley (4.48%), Capital World Investors (4.16%), WCM Investment Management LLC (2.81%) and Jennison Associates LLC (2.52%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including WCM Investment Management LLC, JPMorgan Chase & Co., Sands Capital Management LLC, Nuveen Asset Management LLC, Bank of New York Mellon Corp, Jennison Associates LLC, Franklin Resources Inc., and Two Sigma Advisers LP.

SHOP stock was bought by a variety of institutional investors in the last quarter, including Capital World Investors, Morgan Stanley, Morgan Stanley, Advisor Group Holdings Inc., Discovery Value Fund, Canada Pension Plan Investment Board, The Manufacturers Life Insurance Company , and Massachusetts Financial Services Co. MA.

Shares of SHOP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SHOP stock can currently be purchased for approximately $749.42.

Shopify has a market capitalization of $87.88 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.

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

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]