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MU   58.52 (+2.00%)
CGC   2.67 (+0.75%)
T   21.17 (+0.38%)
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TSE:SHOP

Shopify Stock Forecast, Price & News

C$45.10
+2.04 (+4.74%)
(As of 07/7/2022 12:27 PM ET)
Add
Compare
Today's Range
C$42.03
C$45.64
50-Day Range
C$40.22
C$618.30
52-Week Range
C$38.63
C$222.87
Volume
1.27 million shs
Average Volume
3.33 million shs
Market Capitalization
C$56.89 billion
P/E Ratio
300.67
Dividend Yield
N/A
Price Target
C$2,068.00

Shopify MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
4,474.2% Upside
C$2,068.00 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.10mentions of Shopify in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
C$14.31 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.35 out of 5 stars

30 days | 90 days | 365 days | Advanced Chart

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Shopify 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 Stock News Headlines

Shopify Is Showing Us Bottoming Action From May
Is It Too Late to Buy Shopify Before the Split?
What The Stock-Split Mania Really Means
1 Stock Split Growth Stock to Buy Now
See More Headlines

Industry, Sector and Symbol

Industry
Software - Application
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
10,000
Year Founded
N/A

Company Calendar

Today
7/07/2022
Next Earnings (Estimated)
7/26/2022

Price Target and Rating

Average Stock Price Forecast
C$2,068.00
High Stock Price Forecast
C$2,500.00
Low Stock Price Forecast
C$1,400.00
Forecasted Upside/Downside
+4,485.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.5
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.83 billion
Cash Flow
C$0.57 per share
Book Value
C$7.76 per share

Miscellaneous

Outstanding Shares
1,261,417,000
Free Float
N/A
Market Cap
C$56.89 billion
Optionable
Optionable
Beta
N/A














Shopify Frequently Asked Questions

Should I buy or sell Shopify stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Shopify stock.
View analyst ratings for Shopify
or view top-rated stocks.

What is Shopify's stock price forecast for 2022?

6 brokerages have issued 12 month target prices for Shopify's stock. Their SHOP stock forecasts range from C$1,400.00 to C$2,500.00. On average, they expect Shopify's stock price to reach C$2,068.00 in the next year. This suggests a possible upside of 4,485.4% from the stock's current price.
View analysts' price targets for Shopify
or view top-rated stocks among Wall Street analysts.

How has Shopify's stock performed in 2022?

Shopify's stock was trading at C$1,741.69 on January 1st, 2022. Since then, SHOP shares have decreased by 97.4% and is now trading at C$45.10.
View the best growth stocks for 2022 here
.

When is Shopify's next earnings date?

Shopify is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for Shopify
.

Who are Shopify's key executives?

Shopify's management team includes the following people:
  • Mr. Tobias Lütke, Founder, Chairman & CEO (Age 41, Pay $1)
  • Mr. Harley Finkelstein, Pres (Age 39, Pay $473.28k)
  • Ms. Amy E. Shapero, Chief Financial Officer (Age 59, Pay $610.13k)
  • Mr. Toby Shannan, Chief Operating Officer (Age 52, Pay $512.72k)
  • Mr. Allan Leinwand, Chief Technology Officer (Age 55, Pay $212.5k)
  • Katie Keita, Sr. Director of Investor Relations
  • Ms. Jessica R. Hertz, Gen. Counsel & Corp. Sec.
  • Ms. Brittany Forsyth, Chief Talent Officer (Age 35)
  • Ms. Bharati Balakrishnan, Country Head & Director- India
  • Mr. Loren Padelford, GM & VP of Shopify Plus

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), Square (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 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$45.10.

How much money does Shopify make?

Shopify (TSE:SHOP) has a market capitalization of C$56.89 billion and generates C$4.83 billion in revenue each year.

How many employees does Shopify have?

Shopify employs 10,000 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 Shopify is www.shopify.com. The company can be reached via phone at +1-613-2412828.

This page (TSE:SHOP) was last updated on 7/7/2022 by MarketBeat.com Staff

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