S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
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Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
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'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
TSE:SHOP

Shopify - SHOP Stock Forecast, Price & News

C$52.00
+0.34 (+0.66%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
C$50.68
C$53.11
50-Day Range
C$40.17
C$497.09
52-Week Range
C$38.63
C$222.87
Volume
2.66 million shs
Average Volume
3.37 million shs
Market Capitalization
C$65.96 billion
P/E Ratio
305.88
Dividend Yield
N/A
Price Target
C$1,802.67

Shopify MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
3,366.7% Upside
C$1,802.67 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.44mentions of Shopify in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
C$341,732 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.

1.74 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.

Shopify Stock Up 0.7 %

TSE:SHOP traded up C$0.34 on Friday, reaching C$52.00. 2,660,278 shares of the stock traded hands, compared to its average volume of 3,370,452. The company has a market capitalization of C$65.96 billion and a price-to-earnings ratio of 305.88. The company has a current ratio of 11.17, a quick ratio of 10.25 and a debt-to-equity ratio of 13.68. Shopify has a 12 month low of C$38.63 and a 12 month high of C$222.87. The company's fifty day simple moving average is C$181.20 and its 200 day simple moving average is C$555.21.

Wall Street Analysts Forecast Growth

Separately, Veritas Investment Research reiterated a "sell" rating on shares of Shopify in a research note on Thursday, May 5th.

Insider Buying and Selling at Shopify

In other Shopify news, Senior Officer Harley Michael Finkelstein sold 356 shares of the firm's stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of C$431.22, for a total transaction of C$153,514.04. Following the completion of the sale, the insider now directly owns 3,296 shares in the company, valued at approximately C$1,421,298.48. In other news, Director Robert Gerard Ashe sold 158 shares of the firm's stock in a transaction dated Monday, May 16th. The shares were sold at an average price of C$469.53, for a total transaction of C$74,186.37. Following the sale, the director now owns 9,873 shares of the company's stock, valued at approximately C$4,635,709.18. Also, Senior Officer Harley Michael Finkelstein sold 356 shares of the firm's stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of C$431.22, for a total transaction of C$153,514.04. Following the sale, the insider now directly owns 3,296 shares in the company, valued at approximately C$1,421,298.48. In the last ninety days, insiders sold 742 shares of company stock worth $341,732.

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SHOP Stock News Headlines

Walmart, Shopify fall; 3M, GE rise
Stocks that traded heavily or had substantial price changes Tuesday: Walmart, Shopify fall; 3M, GE rise
As the online pandemic boom fades, Shopify cuts 1,000 jobs
Shopify is cutting 10% of its staff, or about 1,000 employees, as the e-commerce company reckons with an unexpected sales downturn after a pandemic-fueled explosion
1 Big Strategic Bet by Shopify That Went Wrong
Is It Too Late to Buy These 2 Stock Split Stocks?
Shopify Remains Insanely Overvalued
The future of global retail will be local
2 Things Smart Investors Should Know About Shopify
Shopify Stock: Is It a Buy, Sell, or Hold?
See More Headlines
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SHOP Company Calendar

Today
8/14/2022
Next Earnings (Estimated)
10/26/2022

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$1,802.67
High Stock Price Forecast
C$2,168.00
Low Stock Price Forecast
C$1,400.00
Forecasted Upside/Downside
+3,366.7%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$5.00 billion
Cash Flow
C$5.41 per share
Book Value
C$6.90 per share

Miscellaneous

Outstanding Shares
1,268,384,000
Free Float
N/A
Market Cap
C$65.96 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
  • Ms. Amy E. Shapero (Age 59)
    Chief Financial Officer
    Comp: $610.13k
  • Mr. Toby Shannan (Age 52)
    Chief Operating Officer
    Comp: $512.72k
  • Mr. Allan Leinwand (Age 55)
    Chief Technology Officer
    Comp: $212.5k
  • 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
  • Mr. Loren Padelford
    GM & VP of Shopify Plus













SHOP Stock - Frequently Asked Questions

Should I buy or sell Shopify stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings 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 2022?

4 brokers have issued 12-month price objectives for Shopify's stock. Their SHOP share price forecasts range from C$1,400.00 to C$2,168.00. On average, they predict the company's stock price to reach C$1,802.67 in the next twelve months. This suggests a possible upside of 3,366.7% 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 2022?

Shopify's stock was trading at C$1,741.69 on January 1st, 2022. Since then, SHOP shares have decreased by 97.0% and is now trading at C$52.00.
View the best growth stocks for 2022 here
.

When is Shopify's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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$52.00.

How much money does Shopify make?

Shopify (TSE:SHOP) has a market capitalization of C$65.96 billion and generates C$5.00 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 8/14/2022 by MarketBeat.com Staff

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