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T   20.41 (+1.14%)
MU   62.94 (+0.54%)
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GE   83.33 (+1.23%)
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TSE:SHOP

Shopify - SHOP Stock Forecast, Price & News

C$71.72
+4.93 (+7.38%)
(As of 02/2/2023 12:50 PM ET)
Add
Compare
Today's Range
C$69.90
C$72.02
50-Day Range
C$44.40
C$66.79
52-Week Range
C$33.00
C$117.87
Volume
3.03 million shs
Average Volume
4.56 million shs
Market Capitalization
C$91.23 billion
P/E Ratio
377.47
Dividend Yield
N/A
Price Target
C$1,840.00

Shopify MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2,465.5% Upside
C$1,840.00 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.04mentions of Shopify in the last 14 days
Based on 4 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.

1.50 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.

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SHOP Stock News Headlines

The Biggest "Missing Ingredient" in the $7 Trillion EV Market
China has owned the graphite market for decades. But the U.S. just added graphite to a list of super-critical minerals... "essential for America's National Defense." Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market.
Better Buy: Shopify vs. eBay
The Biggest "Missing Ingredient" in the $7 Trillion EV Market
China has owned the graphite market for decades. But the U.S. just added graphite to a list of super-critical minerals... "essential for America's National Defense." Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market.
Is Shopify (NYSE:SHOP) Using Debt Sensibly?
Better Buy: Shopify Stock vs. MercadoLibre Stock
The 3 Smartest Tech Stocks to Buy in 2023 and Beyond
Does your team need a meeting reset?
Shopify tells employees to eliminate recurring meetings
Why I Sold Shopify and Bought Amazon Instead
Shopify Tells Employees to Just Say No to Meetings
2 Growth Stocks to Buy in January
Down 76% in 2022, Is Shopify Stock a Buy for 2023?
1 Growth Stock That Could Triple By 2030
3 Reasons to Buy Shopify Stock, 1 Reason to Sell
Can Shopify Break Through the Bear Market Barricade?
Shopify Could Be Cyber Monday’s Biggest Winner
See More Headlines
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SHOP Company Calendar

Today
2/02/2023
Next Earnings (Estimated)
2/14/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
C$1,840.00
High Stock Price Forecast
C$1,840.00
Low Stock Price Forecast
C$1,840.00
Forecasted Upside/Downside
+2,465.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$5.24 billion
Cash Flow
C$5.31 per share
Book Value
C$6.83 per share

Miscellaneous

Outstanding Shares
1,272,089,000
Free Float
N/A
Market Cap
C$91.23 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













SHOP Stock - Frequently Asked Questions

Should I buy or sell Shopify stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SHOP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHOP, but not buy additional shares or sell existing shares.
View SHOP analyst ratings
or view top-rated stocks.

What is Shopify's stock price forecast for 2023?

2 analysts have issued 1-year target prices for Shopify's shares. Their SHOP share price forecasts range from C$1,840.00 to C$1,840.00. On average, they predict the company's stock price to reach C$1,840.00 in the next twelve months. This suggests a possible upside of 2,654.9% 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 shares have increased by 42.1% and is now trading at C$66.79.
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$66.79.

How much money does Shopify make?

Shopify (TSE:SHOP) has a market capitalization of C$84.96 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 2/2/2023 by MarketBeat.com Staff