TSE:SHOP

Shopify - SHOP Stock Forecast, Price & News

C$68.82

-0.52 (-0.75%)

(As of 02/7/2023 12:00 AM ET)

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Today's Range: C$66.38
▼
C$69.73
50-Day Range: C$44.40
▼
C$71.39
52-Week Range: C$33.00
▼
C$117.87

Volume: 4.31 million shs
Average Volume: 4.66 million shs
Market Capitalization: C$87.55 billion

P/E Ratio: 362.21
Dividend Yield: N/A
Price Target: C$1,840.00

Shopify MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 100.0% Downside
C$0.00 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.10
Based on 7 Articles This Week
Insider Trading: Selling Shares
C$375,897 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.

0.73 out of 5 stars

0.5

Analyst's Opinion

Consensus Rating
Shopify has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of C$0.00, Shopify has a forecasted downside of 100.0% from its current price of C$68.82.
Amount of Analyst Coverage
Shopify has received no research coverage 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.

2.3

News and Social Media Coverage

News Sentiment
Shopify has a news sentiment score of 0.10. 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 0.46 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 9 articles on an average week.
Search Interest
218 people have searched for SHOP on MarketBeat in the last 30 days. This is an increase of 91% compared to the previous 30 days.
MarketBeat Follows
27 people have added Shopify to their MarketBeat watchlist in the last 30 days. This is an increase of 80% compared to the previous 30 days.

0.8

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$375,897.00 in company stock.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Shopify is 362.21, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 140.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of Shopify is 362.21, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 365.83.
Price to Earnings Growth Ratio
Shopify has a PEG Ratio of 8.66. 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 10.07. 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.

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SHOP Stock News Headlines

February 7, 2023 | finance.yahoo.com

Why Shopify Surged 41.9% in January

February 7, 2023 | finance.yahoo.com

Shopify (NYSE:SHOP) delivers shareholders incredible 33% CAGR over 5 years, surging 4.7% in the last week alone

February 7, 2023 | Wall Street Watch Dogs (Ad)

A gold storm is coming…

“We are in the early stages of a mania – the calm before the storm.”...

February 3, 2023 | finance.yahoo.com

These 3 Growth Stocks Are Screaming Buys for 2023

February 2, 2023 | finance.yahoo.com

Zacks Investment Ideas feature highlights: Alphabet, Tesla, Shopify, Amazon and Palo Alto

February 2, 2023 | finance.yahoo.com

Will Shopify's Huge Price Increases Pay Off for the Stock?

February 2, 2023 | finance.yahoo.com

Better Buy: Shopify vs. eBay

January 25, 2023 | finance.yahoo.com

Shopify Stock Rebounds As The E-Commerce Player Hikes Prices

February 7, 2023 | Wall Street Watch Dogs (Ad)

A gold storm is coming…

“We are in the early stages of a mania – the calm before the storm.”...

January 25, 2023 | finance.yahoo.com

Shopify to Announce Fourth-Quarter 2022 Financial Results February 15, 2023

January 23, 2023 | finance.yahoo.com

Shopify stock jumps after Deutsche Bank’s upgrade adds to bullish chart outlook

January 19, 2023 | fool.ca

Better Buy in 2023: Shopify Stock or Couche-Tard?

January 16, 2023 | finance.yahoo.com

Is Shopify (NYSE:SHOP) Using Debt Sensibly?

January 14, 2023 | finance.yahoo.com

Better Buy: Shopify Stock vs. MercadoLibre Stock

January 12, 2023 | finance.yahoo.com

With 60% ownership, Shopify Inc. (NYSE:SHOP) boasts of strong institutional backing

January 10, 2023 | finance.yahoo.com

The 3 Smartest Tech Stocks to Buy in 2023 and Beyond

January 5, 2023 | finance.yahoo.com

Letter: Why you shouldn’t call meetings for a Wednesday

January 4, 2023 | finance.yahoo.com

Does your team need a meeting reset?

January 3, 2023 | finance.yahoo.com

Shopify tells employees to eliminate recurring meetings

January 3, 2023 | finance.yahoo.com

Shopify launches new subscription product to lure big retail clients

January 3, 2023 | finance.yahoo.com

Why I Sold Shopify and Bought Amazon Instead

January 3, 2023 | finance.yahoo.com

Shopify Tells Employees to Just Say No to Meetings

January 1, 2023 | finance.yahoo.com

2 Growth Stocks to Buy in January

January 1, 2023 | finance.yahoo.com

Down 76% in 2022, Is Shopify Stock a Buy for 2023?

December 30, 2022 | finance.yahoo.com

1 Growth Stock That Could Triple By 2030

December 15, 2022 | finance.yahoo.com

Stripe, Shopify commit $11 million to carbon removal projects

December 5, 2022 | finance.yahoo.com

3 Reasons to Buy Shopify Stock, 1 Reason to Sell

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SHOP Company Calendar

Today: 2/07/2023
Next Earnings (Estimated): 2/14/2023

Get Stock Alerts

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: 10,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$0.00
High Stock Price Forecast: C$0.00
Low Stock Price Forecast: C$10,000,000.00
Forecasted Upside/Downside: +2,573.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 362.21
Forward P/E Ratio: 1,147.00
P/E Growth: 8.66
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 14.94
Current Ratio: 6.64
Quick Ratio: 5.74

Sales & Book Value

Annual Sales: C$5.24 billion
Price / Sales: 16.69
Cash Flow: C$5.09 per share
Price / Cash Flow: 13.52
Book Value: C$6.83 per share
Price / Book: 10.07

Miscellaneous

Outstanding Shares: 1,272,089,000
Free Float: N/A
Market Cap: C$87.55 billion
Optionable: Optionable
Beta: N/A

Key Executives

Mr. Tobias Lütke (Age 41)
Founder, Chairman & CEO
Comp: $1

Mr. Harley Finkelstein (Age 39)
Pres
Comp: $473.28k

Mr. Allan Leinwand (Age 55)
Chief Technology Officer
Comp: $212.5k

Mr. Toby Shannan (Age 52)
Special Advisor
Comp: $512.72k

Mr. Jeff J. Hoffmeister CPA
Chief Financial Officer

Mr. Kaz Nejatian
VP of Product & COO

Katie Keita
Sr. Director of Investor Relations

Ms. Jessica R. Hertz
Gen. Counsel & Corp. Sec.

Ms. Brittany Forsyth (Age 35)
Chief Talent Officer

Ms. Bharati Balakrishnan
Country Head & Director- India

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions

SHOP Stock - Frequently Asked Questions

Should I buy or sell Shopify stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" SHOP shares.
View SHOP analyst ratings or view top-rated stocks.
What is Shopify's stock price forecast for 2023?: 1 brokerages have issued 12-month price targets for Shopify's stock. Their SHOP share price forecasts range from C$10,000,000.00 to C$0.00. On average, they predict the company's stock price to reach C$0.00 in the next twelve months. This suggests that the stock has a possible downside of 100.0%.
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 at the beginning of 2023. Since then, SHOP stock has increased by 44.3% and is now trading at C$67.84.
View the best growth stocks for 2023 here.
When is Shopify's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our SHOP earnings forecast.

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$67.84.
How much money does Shopify make?: Shopify (TSE:SHOP) has a market capitalization of C$86.30 billion and generates C$5.24 billion in revenue each year.
How many employees does Shopify have?: The company 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 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 2/7/2023 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 Stock News Headlines

SHOP Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SHOP Stock - Frequently Asked Questions

Overall MarketRank^™