TSE:SHOP

Shopify Stock Forecast, Price & News

C$1,822.84

-25.25 (-1.37 %)

(As of 06/24/2021 04:00 PM ET)

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Today's Range

C$1,817.26

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C$1,881.21

50-Day Range

C$1,274.99

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C$1,850.36

52-Week Range

C$1,109.41

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C$1,920.00

Volume152,317 shs

Average Volume185,927 shs

Market CapitalizationC$226.73 billion

P/E Ratio116.97

Dividend YieldN/A

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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About Shopify

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company's platform provides merchants to run their business in 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, and access financing. It also sells custom themes and apps, and registration of domain names. 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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Industry, Sector and Symbol

Stock Exchange TSE
Industry Software - Application
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolTSE:SHOP
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.shopify.com
Phone+1-613-2412828
Employees7,000
Year FoundedN/A

Sales & Book Value

Annual SalesC$3.45 billion
Price / Sales65.75
Cash FlowC$63.41 per share
Price / Cash Flow28.75
Book ValueC$73.53 per share
Price / Book24.79

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares124,383,000
Market CapC$226.73 billion
Next Earnings Date7/27/2021 (Estimated)
OptionableOptionable

MarketRank^™

Overall MarketRank^™

0.80 out of 5 stars

1.5 Analyst's Opinion

Consensus Rating
Shopify has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$1,821.00, Shopify has a forecasted downside of 0.1% from its current price of C$1,822.84.
Amount of Analyst Coverage
Shopify has only been the subject of 1 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Shopify has received 228 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Shopify has received 230 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Shopify has received 50.22% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Shopify and other stocks. Vote “Outperform” if you believe SHOP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SHOP will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

0.0 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$715,126.00 in company stock.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Shopify is 116.97, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Shopify is 116.97, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 52.19.
Price to Earnings Growth Ratio
Shopify has a PEG Ratio of 6.83. 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 24.79. 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

Shopify (TSE:SHOP) Frequently Asked Questions

Is Shopify a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 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 stocks does MarketBeat like better than Shopify?

Wall Street analysts have given Shopify a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Shopify wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Shopify's next earnings date?

Shopify is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Shopify.

How has Shopify's stock been impacted by Coronavirus?

Shopify's stock was trading at C$580.83 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SHOP stock has increased by 214.7% and is now trading at C$1,827.86.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for SHOP?

4 Wall Street analysts have issued 1-year target prices for Shopify's stock. Their forecasts range from C$1,540.00 to C$2,250.00. On average, they anticipate Shopify's share price to reach C$1,821.00 in the next year. This suggests that the stock has a possible downside of 0.4%.
View analysts' price targets for Shopify or view top-rated stocks among Wall Street analysts.

Who are Shopify's key executives?

Shopify's management team includes the following people:

Mr. Tobias LÃ¼tke, Founder, Chairman & CEO (Age 40, Pay $104.72k)
Mr. Harley Michael Finkelstein, Pres (Age 38, Pay $471.24k)
Ms. Amy E. Shapero, Chief Financial Officer (Age 58, Pay $589.05k)
Mr. Toby Shannan, Chief Operating Officer (Age 51, Pay $1.46M)
Mr. Jean-Michel Lemieux, Chief Technology Officer (Age 48, Pay $549.78k)
Katie Keita, Sr. Director of Investor Relations
Mr. Joseph A. Frasca, Chief Legal Officer & Sec. (Age 47)
Ms. Brittany Forsyth, Chief Talent Officer (Age 34)
Mr. Loren Padelford, GM & VP of Shopify Plus
Mr. Arpan Podduturi, Director of Product

Who are some of Shopify's key competitors?

Some companies that are related to Shopify include SAP (SAP), Constellation Software (CSU), Open Text (OTEX), Lightspeed POS (LSPD), AVEVA Group (AVV), The Sage Group (SGE), Nemetschek (NEM), The Descartes Systems Group (DSG), Avast (AVST), First Trust NYSE Arca Biotechnology UCITS ETF Class A USD Accumulation (FBT), Kinaxis (KXS), Rocket Internet (RKET), Enghouse Systems (ENGH), Sophos Group plc (SOPH.L) (SOPH) and RIB Software (RIB).
View all of SHOP's competitors.

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), The 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$1,827.86.

How much money does Shopify make?

Shopify has a market capitalization of C$227.35 billion and generates C$3.45 billion in revenue each year.

How many employees does Shopify have?

Shopify employs 7,000 workers across the globe.

What is Shopify's official website?

The official website for Shopify is www.shopify.com.

Where are Shopify's headquarters?

Shopify is headquartered at 150 Elgin Street, 8Th Floor, OTTAWA, ON K2P 1L4, Canada.

How can I contact Shopify?

Shopify's mailing address is 150 Elgin Street, 8Th Floor, OTTAWA, ON K2P 1L4, Canada. The company can be reached via phone at +1-613-2412828.

This page was last updated on 6/24/2021 by MarketBeat.com Staff

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