Shopify Stock Forecast, Price & News

$1,486.29
+10.32 (+0.70 %)
(As of 09/17/2021 04:00 PM ET)
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Today's Range
$1,452.21
$1,487.46
50-Day Range
$1,441.50
$1,643.32
52-Week Range
$866.85
$1,650.00
Volume546,774 shs
Average Volume1.30 million shs
Market Capitalization$185.43 billion
P/E Ratio76.73
Dividend YieldN/A
Beta1.45
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Shopify logo

About Shopify

Shopify, Inc. operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops. The firm's platform provides merchants with a single view of business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analytics and reporting. It focuses on merchant and subscription solutions. The company was founded by Tobias Albin Lütke, Daniel Weinand, and Scott Lake on September 28, 2004 and is headquartered in Ottawa, Canada.

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MarketRank

Overall MarketRank

1.99 out of 5 stars

Computer And Technology Sector

438th out of 857 stocks

Prepackaged Software Industry

121st out of 249 stocks

Analyst Opinion: 3.3Community Rank: 4.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -
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Shopify (NYSE:SHOP) Frequently Asked Questions

Is Shopify a buy right now?

29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 10 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Shopify stock.
View analyst ratings for Shopify
or view top-rated stocks.

What stocks does MarketBeat like better than Shopify?

Wall Street analysts have given Shopify a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Shopify wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Shopify's next earnings date?

Shopify is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Shopify
.

How were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) announced its quarterly earnings results on Wednesday, July, 28th. The software maker reported $2.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $2.01. The software maker had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.04 billion. Shopify had a net margin of 63.65% and a trailing twelve-month return on equity of 7.15%.
View Shopify's earnings history
.

How has Shopify's stock price been impacted by Coronavirus?

Shopify's stock was trading at $422.31 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SHOP shares have increased by 251.9% and is now trading at $1,486.29.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for SHOP?

29 analysts have issued twelve-month price targets for Shopify's stock. Their forecasts range from $1,206.00 to $2,000.00. On average, they expect Shopify's share price to reach $1,646.41 in the next year. This suggests a possible upside of 10.8% from the stock's current price.
View analysts' price targets for Shopify
or view top-rated stocks among Wall Street analysts.

Who are Shopify's key executives?

Shopify's management team includes the following people:
  • Tobias Albin Lütke, Chairman & Chief Executive Officer
  • Harley Finkelstein, President
  • Toby Shannan, Chief Operating Officer
  • Amy E. Shapero, Chief Financial Officer
  • Jean-Michel Lemieux, Chief Technology Officer

What is Tobias Lütke's approval rating as Shopify's CEO?

468 employees have rated Shopify CEO Tobias Lütke on Glassdoor.com. Tobias Lütke has an approval rating of 93% among Shopify's employees. This puts Tobias Lütke in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Shopify's key competitors?

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), Square (SQ), The Trade Desk (TTD), PayPal (PYPL), salesforce.com (CRM), The Walt Disney (DIS) and Advanced Micro Devices (AMD).

When did Shopify IPO?

(SHOP) raised $100 million in an 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.

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 a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (4.63%), Jennison Associates LLC (3.71%), Vanguard Group Inc. (2.69%), Price T Rowe Associates Inc. MD (2.29%), Susquehanna International Group LLP (0.00%) and WCM Investment Management LLC (1.61%).

Which institutional investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including PEAK6 Investments LLC, Millennium Management LLC, Boothbay Fund Management LLC, Credit Suisse AG, Capula Management Ltd, Discovery Value Fund, Clearbridge Investments LLC, and Baillie Gifford & Co..

Which institutional investors are buying Shopify stock?

SHOP stock was purchased by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Jarislowsky Fraser Ltd, Coatue Management LLC, IMC Chicago LLC, ARK Investment Management LLC, Nikko Asset Management Americas Inc., Simplex Trading LLC, and Sumitomo Mitsui Trust Holdings Inc..

How do I buy shares of Shopify?

Shares of SHOP 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 $1,486.29.

How much money does Shopify make?

Shopify has a market capitalization of $185.43 billion and generates $2.93 billion in revenue each year. The software maker earns $319.51 million in net income (profit) each year or $2.37 on an earnings per share basis.

How many employees does Shopify have?

Shopify employs 7,000 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.

When was Shopify founded?

Shopify was founded in 2004.

What is Shopify's official website?

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

Where are Shopify's headquarters?

Shopify is headquartered at 150 Elgin Street 8th Floor, Ottawa A6, K2P 1L4.

How can I contact Shopify?

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].


This page was last updated on 9/18/2021 by MarketBeat.com Staff
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