Shopify - SHOP Stock Forecast, Price & News

38 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 1 sell rating, 18 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities research 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.
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38 analysts have issued 1-year price objectives for Shopify's shares. Their SHOP share price forecasts range from $32.00 to $200.00. On average, they anticipate the company's share price to reach $72.49 in the next twelve months. This suggests a possible upside of 79.6% from the stock's current price.
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Shopify's stock was trading at $137.7390 at the start of the year. Since then, SHOP shares have decreased by 70.7% and is now trading at $40.36.
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Shopify saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 56,100,000 shares, an increase of 33.5% from the June 30th total of 42,010,000 shares. Based on an average daily volume of 42,180,000 shares, the days-to-cover ratio is currently 1.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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Shopify Inc. (NYSE:SHOP) released its earnings results on Thursday, October, 28th. The software maker reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. The software maker had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.15 billion. Shopify had a negative net margin of 38.01% and a negative trailing twelve-month return on equity of 1.61%. The company's revenue was up 46.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 earnings per share.

Shopify shares split before market open on Wednesday, June 29th 2022. The 10-1 split was announced on Monday, April 11th 2022. The newly issued shares were distributed 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.

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.

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).

(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.

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 Baillie Gifford & Co. (4.53%), Loomis Sayles & Co. L P (1.25%), Franklin Resources Inc. (1.08%), Jarislowsky Fraser Ltd (0.99%), Sumitomo Mitsui Trust Holdings Inc. (0.99%) and Nikko Asset Management Americas Inc. (0.76%).

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.
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One share of SHOP stock can currently be purchased for approximately $40.36.

Shopify (NYSE:SHOP) has a market capitalization of $50.81 billion and generates $4.61 billion in revenue each year. The software maker earns $2.91 billion in net income (profit) each year or ($1.5150) on an earnings per share basis.

The company employs 10,000 workers across the globe.

Shopify was founded in 2004.

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.