Shopify (SHOP) Stock Price, News & Analysis

Company Overview

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, 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 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.

Key Stats

• Today's Range: $115.95 to $120.19
• 50-Day Range: $101.51 to $128.43
• 52-Week Range: $48.56 to $129.38
• Volume: 9.88 million shs
• Average Volume: 10.36 million shs
• Market Capitalization: $153.87 billion
• P/E Ratio: 76.52
• Dividend Yield: N/A
• Price Target: $120.34
• Consensus Rating: Moderate Buy

Shopify Stock Analysis - MarketRank™

Shopify scored higher than 80% of companies evaluated by MarketBeat, and ranked 188th out of 660 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Shopify has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 22 buy ratings, 18 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Shopify has been the subject of 27 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 30.36%

Earnings Growth

Earnings for Shopify are expected to grow by 30.36% in the coming year, from $1.12 to $1.46 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Shopify is 76.52, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 28.13.

Price to Earnings Ratio vs. Sector

The P/E ratio of Shopify is 76.52, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 48.09.

Price to Earnings Growth Ratio

Shopify has a PEG Ratio of 4.82. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Shopify has a P/B Ratio of 13.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.18% of the float of Shopify has been sold short.

Short Interest Ratio / Days to Cover

Shopify has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shopify has recently decreased by 0.23%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Shopify does not currently pay a dividend.

Dividend Growth

Shopify does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.8 / 5
• Environmental Score: -1.05

Percentage of Shares Shorted

2.18% of the float of Shopify has been sold short.

Short Interest Ratio / Days to Cover

Shopify has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Shopify has recently decreased by 0.23%, indicating that investor sentiment is improving.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.39

News Sentiment

Shopify has a news sentiment score of 1.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 34 news articles for Shopify this week, compared to 33 articles on an average week.

Search Interest

85 people have searched for SHOP on MarketBeat in the last 30 days. This is an increase of 12% compared to the previous 30 days.

MarketBeat Follows

33 people have added Shopify to their MarketBeat watchlist in the last 30 days. This is an increase of 43% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Shopify insiders have not sold or bought any company stock.

Percentage Held by Institutions

69.27% of the stock of Shopify is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SHOP Stock Analysis - Frequently Asked Questions

How have SHOP shares performed this year?

Shopify's stock was trading at $106.33 at the start of the year. Since then, SHOP shares have increased by 11.5% and is now trading at $118.60.

How were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) announced its quarterly earnings data on Tuesday, February, 11th. The software maker reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.10. Shopify had a trailing twelve-month return on equity of 12.00% and a net margin of 22.74%.
Read the conference call transcript.

When did Shopify's stock split?

Shares of Shopify split on the morning of Wednesday, June 29th 2022.The 10-1 split was announced on Monday, April 11th 2022. The newly issued shares were issued 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.

Does Shopify have any subsidiaries?

The following companies are subsidiaries of Shopify: 6 River Systems, Helpful, Handshake, Tictail, Return Magic, Oberlo, Tiny Hearts, and more.

When did Shopify IPO?

Shopify (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 served as the underwriters for the IPO and Pacific Crest Securities, Raymond James and Canaccord Genuity were co-managers.

Who are Shopify's major shareholders?

Top institutional investors of Shopify include Jennison Associates LLC (0.89%), TD Asset Management Inc (0.65%), Sumitomo Mitsui Trust Group Inc. (0.40%) and ARK Investment Management LLC (0.39%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Shopify own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Shopify investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Salesforce (CRM), PayPal (PYPL) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 2/11/2025
• Today: 8/03/2025
• Next Earnings (Estimated): 8/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NYSE:SHOP
• CIK: 1594805
• Web: www.shopify.ca
• Phone: (613) 241-2828
• Fax: N/A
• Employees: 11,600
• Year Founded: 2004

Price Target and Rating

• Average Price Target for Shopify: $120.34
• High Price Target: $175.00
• Low Price Target: $79.00
• Potential Upside/Downside: +1.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.58
• Research Coverage: 43 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.23
• Trailing P/E Ratio: 76.52
• Forward P/E Ratio: 105.89
• P/E Growth: 4.82
• Net Income: $2.02 billion
• Net Margins: 22.74%
• Pretax Margin: 25.09%
• Return on Equity: 12.00%
• Return on Assets: 9.79%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.71
• Quick Ratio: 3.71

Sales & Book Value

• Annual Sales: $9.38 billion
• Price / Sales: 16.41
• Cash Flow: $0.94 per share
• Price / Cash Flow: 125.56
• Book Value: $8.93 per share
• Price / Book: 13.28

Miscellaneous

• Outstanding Shares: 1,297,381,000
• Free Float: N/A
• Market Cap: $153.87 billion
• Optionable: Optionable
• Beta: 2.61