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

Profile Analyst Ratings Chart Competitors Insider Trades Headlines Options Chain Social Media

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: 0.29
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

1.3

Analyst's Opinion

Consensus Rating
Shopify has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$79.00, Shopify has a forecasted upside of 6.4% from its current price of C$74.26.
Amount of Analyst Coverage
Shopify has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for SHOP.

0.0

Dividend Strength

Dividend Yield
Shopify does not currently pay a dividend.
Dividend Growth
Shopify does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SHOP.

2.4

News and Social Media Coverage

News Sentiment
Shopify has a news sentiment score of 0.29. 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 lower news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Shopify this week, compared to 5 articles on an average week.
Search Interest
Only 85 people have searched for SHOP on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.
MarketBeat Follows
8 people have added Shopify to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Shopify insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$186,942.00 in company stock.
Percentage Held by Insiders
Only 0.22% of the stock of Shopify is held by insiders.
Percentage Held by Institutions
65.87% of the stock of Shopify is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Shopify is -37.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Shopify is -37.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Shopify has a PEG Ratio of 0.86. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Shopify has a P/B Ratio of 12.76. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

SHOP Stock News Headlines

September 27, 2023 | proactiveinvestors.com

Shopify takes equity stake in Faire

September 27, 2023 | finance.yahoo.com

Shopify invests in wholesale platform Faire

September 29, 2023 | Chaikin Analytics (Ad)

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.

September 26, 2023 | theglobeandmail.com

Closing Bell: Shopify Inc down on Tuesday (SHOP)

September 26, 2023 | finance.yahoo.com

1 Undervalued Growth Stock That Could Soar 66%, According to Wall Street

September 26, 2023 | msn.com

Inploi — Shopify for hiring

September 25, 2023 | benzinga.com

Innovative Startup JustBlog.ai Is Helping Shopify and WooCommerce Store Owners Gain Customers

September 22, 2023 | msn.com

Why Shopify Stock Slumped 15% This Week

September 29, 2023 | Chaikin Analytics (Ad)

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.

September 22, 2023 | msn.com

TSM sell LCS franchise to Shopify Rebellion for reported $10M

September 22, 2023 | forbes.com

Shopify Vs. Magento (Adobe Commerce): 2023 Comparison

September 20, 2023 | msn.com

Shopify-Backed Klaviyo Jumps Up to 32% in Trading Debut

September 20, 2023 | msn.com

Spirit, Shopify Rebellion win DreamLeague groups

September 20, 2023 | msn.com

Shopify Stock Is a Screaming Buy on the Dip

September 20, 2023 | finance.yahoo.com

Cathie Wood Just Sold Shopify and Bought This Data Analytics Stock. Should You?

September 18, 2023 | finance.yahoo.com

Klaviyo Ups IPO Price Range As Instacart Also Readies Initial Public Offering

September 18, 2023 | forbes.com

Does Pact With Amazon Make Shopify Stock A Buy?

September 14, 2023 | tmcnet.com

Unlock Seamless Payments across Borders with OwlPay: Now Available on Shopify App Store

September 13, 2023 | businessinsider.com

TikTok's new app store signals its goal to be an e-commerce platform that relies less on established players like Shopify

September 12, 2023 | forbes.com

Shopify Vs. BigCommerce (2023 Comparison)

September 12, 2023 | msn.com

Shopify Will Weather Cyclical Headwinds With 3 Factors Reinforcing Its Strengthening Moat

September 12, 2023 | finanznachrichten.de

TaxConnex, LLC®: Taxconnex Introduces New Ecommerce App to Alleviate Complexities of Filing Returns From Shopify

September 11, 2023 | finance.yahoo.com

Image Relay Launches Shopify Integration to Further Streamline Brands’ Product and Digital Asset Workflows

September 9, 2023 | benzinga.com

Cathie Wood's Ark Invest Sees Amazon-Shopify Tie-Up As Mutually Beneficial

September 8, 2023 | msn.com

The Folklore Connect Takes Over Shopify’s Store at NYFW, Hosts Emerging Designer Panel

September 6, 2023 | bizjournals.com

U.S. Bancorp hires Shopify exec as new chief product officer

September 6, 2023 | businessinsider.com

Amazon used 6 friendly 'tenets' to woo its rival Shopify into a partnership such as 'better together,' leaked document shows

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Software—Application
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: TSE:SHOP
CUSIP: N/A
CIK: N/A
Web: www.shopify.com
Phone: +1-613-2412828
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

EPS (Most Recent Fiscal Year): C($1.98)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 81.71
P/E Growth: 0.86
Net Income: C$-2,030,000,000.00
Net Margins: -32.13%
Pretax Margin: N/A
Return on Equity: -25.04%
Return on Assets: -3.16%

Debt

Debt-to-Equity Ratio: 15.20
Current Ratio: 6.72
Quick Ratio: 5.74

Sales & Book Value

Annual Sales: C$6.30 billion
Price / Sales: 14.09
Cash Flow: C$5.47 per share
Price / Cash Flow: 13.52
Book Value: C$5.82 per share
Price / Book: 12.71

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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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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Shopify (SHOP) Stock Forecast, Price & News

Shopify MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Shopify (TSE:SHOP) Stock

SHOP Price History

SHOP Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

SHOP Stock - Frequently Asked Questions

Overall MarketRank^™