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In 20 years, this little-known trader didn’t have a single losing year…  (Ad)pixel
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Italy's Meloni vows to put national energy interests first
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Russia accused of 'kidnapping' head of Ukraine nuclear plant
In 20 years, this little-known trader didn’t have a single losing year…  (Ad)pixel
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
In 20 years, this little-known trader didn’t have a single losing year…  (Ad)pixel
UK train strikes and energy hikes add to a week of turmoil
Russia blindfolds, detains Ukraine nuclear plant chief
In 20 years, this little-known trader didn’t have a single losing year…  (Ad)pixel
Ruptured oil pipeline off California approved for repairs
Italy's Meloni vows to put national energy interests first
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Russia accused of 'kidnapping' head of Ukraine nuclear plant
In 20 years, this little-known trader didn’t have a single losing year…  (Ad)pixel
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
In 20 years, this little-known trader didn’t have a single losing year…  (Ad)pixel
UK train strikes and energy hikes add to a week of turmoil
Russia blindfolds, detains Ukraine nuclear plant chief
In 20 years, this little-known trader didn’t have a single losing year…  (Ad)pixel
Ruptured oil pipeline off California approved for repairs
Italy's Meloni vows to put national energy interests first
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Russia accused of 'kidnapping' head of Ukraine nuclear plant
In 20 years, this little-known trader didn’t have a single losing year…  (Ad)pixel
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
In 20 years, this little-known trader didn’t have a single losing year…  (Ad)pixel
UK train strikes and energy hikes add to a week of turmoil
Russia blindfolds, detains Ukraine nuclear plant chief
In 20 years, this little-known trader didn’t have a single losing year…  (Ad)pixel
Ruptured oil pipeline off California approved for repairs
Italy's Meloni vows to put national energy interests first
NYSE:SHOP

Shopify - SHOP Stock Forecast, Price & News

$26.94
+0.17 (+0.64%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.38
$28.14
50-Day Range
$26.77
$41.93
52-Week Range
$26.38
$176.29
Volume
24.80 million shs
Average Volume
26.50 million shs
Market Capitalization
$33.92 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
167.9% 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
0.21mentions of Shopify in the last 14 days
Based on 7 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.

2.02 out of 5 stars

Computer And Technology Sector

465th out of 652 stocks

Prepackaged Software Industry

163rd out of 227 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.

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SHOP Stock News Headlines

MarketBeat: Week in Review 9/26 – 9/30 (SHOP)
As we close the worst September for stocks since 2008, our analysts continue to give you insight into the stocks and stories that are moving the market
Despite A Tough Year, Shopify Is A BUY
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%.
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?
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
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SHOP Company Calendar

Last Earnings
7/27/2022
Today
10/02/2022
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
+167.9%
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
$0.39 per share
Book Value
$8.84 per share

Miscellaneous

Outstanding Shares
1,258,970,000
Free Float
N/A
Market Cap
$33.92 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 equities 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 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.
View SHOP analyst ratings
or view top-rated stocks.

What is Shopify's stock price forecast for 2022?

37 Wall Street research analysts have issued twelve-month price objectives for Shopify's stock. Their SHOP share price forecasts range from $32.00 to $200.00. On average, they anticipate the company's share price to reach $72.18 in the next year. This suggests a possible upside of 167.9% 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 on January 1st, 2022. Since then, SHOP stock has decreased by 80.4% and is now trading at $26.94.
View the best growth stocks for 2022 here
.

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 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?

Shopify's stock split on Wednesday, June 29th 2022. The 10-1 split was announced on Monday, April 11th 2022. The newly minted shares were distributed 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 $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.

What is Shopify's stock symbol?

Shopify trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHOP."

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 $26.94.

How much money does Shopify make?

Shopify (NYSE:SHOP) has a market capitalization of $33.92 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 10/2/2022 by MarketBeat.com Staff

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