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PFE   33.11 (+3.18%)
PYPL   58.40 (+0.38%)
NFLX   377.03 (+0.18%)
TSE:SHOP

Shopify (SHOP) Stock Forecast, Price & News

C$74.25
+2.47 (+3.44%)
(As of 03:33 PM ET)
Compare
Today's Range
C$72.90
C$75.18
50-Day Range
C$69.64
C$90.73
52-Week Range
C$33.00
C$93.83
Volume
2.70 million shs
Average Volume
3.73 million shs
Market Capitalization
C$89.10 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$79.00

Shopify MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
6.4% Upside
C$79.00 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.29mentions of Shopify in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
C$186,942 Sold Last Quarter
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.

1.42 out of 5 stars


SHOP stock logo

About Shopify (TSE: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.

SHOP Price History

SHOP Stock News Headlines

Shopify takes equity stake in Faire
Shopify invests in wholesale platform Faire
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Closing Bell: Shopify Inc down on Tuesday (SHOP)
Inploi — Shopify for hiring
Why Shopify Stock Slumped 15% This Week
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Shopify Stock Is a Screaming Buy on the Dip
Does Pact With Amazon Make Shopify Stock A Buy?
Shopify Vs. BigCommerce (2023 Comparison)
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.

Industry, Sector and Symbol

Industry
Software—Application
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
11,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$79.00
High Stock Price Forecast
C$95.00
Low Stock Price Forecast
C$62.00
Forecasted Upside/Downside
+6.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
C$-2,030,000,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$6.30 billion
Cash Flow
C$5.47 per share
Book Value
C$5.82 per share

Miscellaneous

Outstanding Shares
1,200,000,000
Free Float
N/A
Market Cap
C$88.78 billion
Optionable
Optionable
Beta
2.04
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Key Executives

  • Mr. Tobias Lütke (Age 42)
    Founder, Chairman & CEO
    Comp: $1
  • Mr. Harley Finkelstein (Age 40)
    Pres
    Comp: $664.47k
  • Mr. Jeff J. Hoffmeister CPA
    Chief Financial Officer
  • Mr. Kasra Nejatian
    VP of Product & COO
  • Ms. Jessica R. Hertz
    Gen. Counsel & Corp. Sec.
  • Carrie Gillard
    Director of Investor Relations
  • Ms. Brittany Forsyth (Age 36)
    Chief Talent Officer
  • Ms. Bharati Balakrishnan
    Country Head & Director- India
  • Mr. Loren Padelford (Age 45)
    GM & VP of Shopify Plus
  • Mr. Arpan Podduturi
    Director of Product













SHOP Stock - Frequently Asked Questions

Should I buy or sell Shopify stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SHOP shares.
View SHOP analyst ratings
or view top-rated stocks.

What is Shopify's stock price forecast for 2023?

3 brokers have issued 12 month price targets for Shopify's stock. Their SHOP share price forecasts range from C$62.00 to C$95.00. On average, they predict the company's stock price to reach C$79.00 in the next year. This suggests a possible upside of 6.8% 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 2023?

Shopify's stock was trading at C$47.01 on January 1st, 2023. Since then, SHOP stock has increased by 57.4% and is now trading at C$73.98.
View the best growth stocks for 2023 here
.

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), Netflix (NFLX), Walt Disney (DIS), Block (SQ), Micron Technology (MU), Alibaba Group (BABA), Costco Wholesale (COST), Zoom Video Communications (ZM) and Mastercard (MA).

What is Shopify's stock symbol?

Shopify trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SHOP."

How do I buy shares of Shopify?

Shares of SHOP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Shopify's stock price today?

One share of SHOP stock can currently be purchased for approximately C$73.98.

How much money does Shopify make?

Shopify (TSE:SHOP) has a market capitalization of C$88.78 billion and generates C$6.30 billion in revenue each year. The company earns C$-2,030,000,000.00 in net income (profit) each year or C($1.98) on an earnings per share basis.

How many employees does Shopify have?

The company employs 11,600 workers across the globe.

How can I contact Shopify?

Shopify's mailing address is 150 Elgin Street, 8Th Floor, OTTAWA, ON K2P 1L4, Canada. The official website for the company is www.shopify.com. The company can be reached via phone at +1-613-2412828.

This page (TSE:SHOP) was last updated on 9/29/2023 by MarketBeat.com Staff

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