NYSE:SHOPShopify Stock Price, Forecast & News

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 156.5% and is now trading at $1,083.05.
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29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 18 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Shopify is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Shopify.

Shopify Inc (NYSE:SHOP) released its earnings results on Wednesday, July, 29th. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.01 by $1.04. The software maker had revenue of $714.34 million for the quarter, compared to the consensus estimate of $511.56 million. Shopify had a positive return on equity of 0.32% and a negative net margin of 3.25%. The business's quarterly revenue was up 97.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share.
View Shopify's earnings history.

29 brokerages have issued 1 year price targets for Shopify's shares. Their forecasts range from $320.00 to $1,400.00. On average, they anticipate Shopify's stock price to reach $951.54 in the next year. This suggests that the stock has a possible downside of 12.1%.
View analysts' price targets for Shopify.

Media coverage about SHOP stock has been trending negative recently, according to InfoTrie. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Shopify earned a coverage optimism score of -2.9 on InfoTrie's scale. They also gave headlines about the software maker a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near term.
View the latest news about Shopify.

Some companies that are related to Shopify include Adobe (ADBE), SAP (SAP), salesforce.com (CRM), Oracle (ORCL), ServiceNow (NOW), Intuit (INTU), Activision Blizzard (ATVI), VMware (VMW), Square (SQ), Uber Technologies (UBER), Autodesk (ADSK), Dassault Systemes (DASTY), Docusign (DOCU), Electronic Arts (EA) and Twilio (TWLO).
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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 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 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 many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.33%), CIBC Asset Management Inc (0.22%), First Trust Advisors LP (0.11%), Envestnet Asset Management Inc. (0.08%), Mn Services Vermogensbeheer B.V. (0.08%) and Intact Investment Management Inc. (0.06%).

SHOP stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., First Trust Advisors LP, Atalanta Sosnoff Capital LLC, Zweig DiMenna Associates LLC, Mckinley Capital Management LLC Delaware, Raymond James Financial Services Advisors Inc., Henry James International Management Inc., and Thoroughbred Financial Services LLC.

SHOP stock was acquired by a variety of institutional investors in the last quarter, including CIBC Asset Management Inc, Chicago Capital LLC, Intact Investment Management Inc., Dock Street Asset Management Inc., Meridian Wealth Management LLC, Mn Services Vermogensbeheer B.V., Envestnet Asset Management Inc., and Vident Investment Advisory LLC.

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 $1,083.05.

Shopify has a market capitalization of $127.00 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]