50% OFF
MarketBeat All Access
Get 30 days free. Save 50% your first year.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
×
S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Is There Value In These Growth Stocks?
Build A Better Tech Portfolio With Jabil Inc.
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
US stocks end mixed a day after Dow entered a bear market
Autodesk Is A Mature Company Still Acting Like A Growth Stock
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Leaks on Russian gas pipelines raise concerns about sabotage
Vote in Ukraine's Russia-held areas stokes tension with West
S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Is There Value In These Growth Stocks?
Build A Better Tech Portfolio With Jabil Inc.
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
US stocks end mixed a day after Dow entered a bear market
Autodesk Is A Mature Company Still Acting Like A Growth Stock
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Leaks on Russian gas pipelines raise concerns about sabotage
Vote in Ukraine's Russia-held areas stokes tension with West
S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Is There Value In These Growth Stocks?
Build A Better Tech Portfolio With Jabil Inc.
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
US stocks end mixed a day after Dow entered a bear market
Autodesk Is A Mature Company Still Acting Like A Growth Stock
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Leaks on Russian gas pipelines raise concerns about sabotage
Vote in Ukraine's Russia-held areas stokes tension with West
S&P 500   3,647.29
DOW   29,134.99
QQQ   274.48
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Is There Value In These Growth Stocks?
Build A Better Tech Portfolio With Jabil Inc.
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
US stocks end mixed a day after Dow entered a bear market
Autodesk Is A Mature Company Still Acting Like A Growth Stock
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Leaks on Russian gas pipelines raise concerns about sabotage
Vote in Ukraine's Russia-held areas stokes tension with West

Shopify - SHOP Stock Forecast, Price & News

$27.85
-0.40 (-1.42%)
(As of 09/27/2022 12:00 AM ET)
Add
Compare
Today's Range
$27.66
$29.40
50-Day Range
$27.85
$41.93
52-Week Range
$27.65
$176.29
Volume
23.22 million shs
Average Volume
26.91 million shs
Market Capitalization
$35.06 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$72.18

Shopify MarketRank™ Forecast

Analyst Rating
Hold
2.49 Rating Score
Upside/​Downside
159.2% Upside
$72.18 Price Target
Short Interest
Healthy
4.48% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
0.10mentions of Shopify in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.01 out of 5 stars

Computer And Technology Sector

430th out of 636 stocks

Prepackaged Software Industry

153rd out of 225 stocks

SHOP stock logo

About Shopify (NYSE:SHOP) Stock

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

Receive SHOP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Shopify and its competitors with MarketBeat's FREE daily newsletter.

SHOP Stock News Headlines

Is the Market Overreacting with Shopify Stock?
E-commerce infrastructure platform Shopify (NYSE: SHOP) stock has fallen from a high of $176.29 to the recent low of $27.65 in less than a year’s time.
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains? (SHOP)
Cloud monitoring specialist Datadog has been the subject of analyst enthusiasm recently, and Wall Street sees an upside potential of 67%.
The Safest Option in Trades!
If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves! pixel
Affirm is the Underdog Starring in a Spaghetti Western (SHOP)
Buy now and pay later (BNPL) online purchase financing platform Affirm (NASDAQ: AFRM) is trying to maintain a foothold in a mudslide.
Forget Bitcoin, Block’s Ecosystems are the Real Growth Drivers (SHOP)
It’s been a tough year for payments platform fintech Block (NYSE: SQ) stock as it trades down (-58%) on the year. The old adage, “it’s better to have had and
Down 80%, Is Shopify Stock Worth the Risk?
126% Average Gains While Stocks Crash
Investors have lost $15 trillion so far, and it's about to get much worse. But Dr. Martin Weiss offers the solution with “Crash Profits Trades.” These could have produced average gains of 126% with NO losing trades, even with stocks tumbling! Click here to discover Crash Profit Trades. pixel
Shopify Inc. stock performance and analyst projections
Why Shopify Stock Got Rocked Today
Why Shopify Stock Got Rocked on Tuesday
Down 77%, Will Shopify Stock Bounce Back?
Shopify CEO Bought More Coinbase Stock
See More Headlines
Receive SHOP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Shopify and its competitors with MarketBeat's FREE daily newsletter.

SHOP Company Calendar

Last Earnings
7/27/2022
Today
9/27/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
10,000
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$72.18
High Stock Price Forecast
$200.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+159.2%
Consensus Rating
Hold
Rating Score (0-4)
2.49
Research Coverage
37 Analysts

Profitability

Net Income
$2.91 billion
Pretax Margin
-39.97%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$0.38 per share
Book Value
$8.84 per share

Miscellaneous

Outstanding Shares
1,258,970,000
Free Float
N/A
Market Cap
$35.06 billion
Optionable
Optionable
Beta
1.82

Social Links


Key Executives

  • Mr. Tobias Lütke (Age 41)
    Founder, Chairman & CEO
    Comp: $1
  • Mr. Harley Finkelstein (Age 39)
    Pres
    Comp: $473.28k
  • Ms. Amy E. Shapero (Age 59)
    Chief Financial Officer
    Comp: $610.13k
  • Mr. Toby Shannan (Age 52)
    Chief Operating Officer
    Comp: $512.72k
  • Mr. Allan Leinwand (Age 55)
    Chief Technology Officer
    Comp: $212.5k
  • 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
  • Mr. Loren Padelford
    GM & VP of Shopify Plus













SHOP Stock - Frequently Asked Questions

Should I buy or sell Shopify stock right now?

37 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 1 sell rating, 17 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street 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.
View SHOP analyst ratings
or view top-rated stocks.

What is Shopify's stock price forecast for 2022?

37 equities research analysts have issued 12 month target prices for Shopify's stock. Their SHOP share price forecasts range from $32.00 to $200.00. On average, they predict the company's stock price to reach $72.18 in the next twelve months. This suggests a possible upside of 159.2% 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 at the beginning of 2022. Since then, SHOP stock has decreased by 79.8% and is now trading at $27.85.
View the best growth stocks for 2022 here
.

Are investors shorting Shopify?

Shopify saw a decline in short interest in the month of August. As of August 15th, there was short interest totaling 45,490,000 shares, a decline of 21.5% from the July 31st total of 57,950,000 shares. Based on an average daily trading volume, of 34,590,000 shares, the days-to-cover ratio is presently 1.3 days.
View Shopify's Short Interest
.

When is Shopify's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SHOP earnings forecast
.

How were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) issued its quarterly earnings data on Wednesday, July, 27th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by $0.04. The software maker had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.33 billion. Shopify had a negative net margin of 38.01% and a negative trailing twelve-month return on equity of 1.61%.

When did Shopify's stock split?

Shares of Shopify split on Wednesday, June 29th 2022. The 10-1 split was announced on Monday, April 11th 2022. The newly created shares were payable to shareholders after the closing bell 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 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 served 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 many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (4.53%), Sands Capital Management LLC (1.87%), Loomis Sayles & Co. L P (1.25%), Citadel Advisors LLC (0.00%), WCM Investment Management LLC (1.17%) and Renaissance Technologies LLC (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 $27.85.

How much money does Shopify make?

Shopify (NYSE:SHOP) has a market capitalization of $35.06 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.

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 9/28/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.