Shopify (SHOP) Stock Price, News & Analysis

40 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 2 sell ratings, 21 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities 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.
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40 brokerages have issued twelve-month target prices for Shopify's stock. Their SHOP share price targets range from $41.00 to $100.00. On average, they predict the company's share price to reach $69.11 in the next twelve months. This suggests that the stock has a possible downside of 11.3%.
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Shopify's stock was trading at $34.71 at the beginning of the year. Since then, SHOP stock has increased by 124.4% and is now trading at $77.90.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our SHOP earnings forecast.

Shopify Inc. (NYSE:SHOP) posted its quarterly earnings results on Thursday, November, 2nd. The software maker reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.11. The software maker earned $1.71 billion during the quarter, compared to analyst estimates of $1.67 billion. Shopify had a negative net margin of 17.27% and a negative trailing twelve-month return on equity of 0.30%.

ETFs with the largest weight of Shopify (NYSE:SHOP) stock in their portfolio include ARK Fintech Innovation ETF (ARKF), First Trust Dow Jones International Internet ETF (FDNI), Franklin Disruptive Commerce ETF (BUYZ), Spear Alpha ETF (SPRX), Sterling Capital Focus Equity ETF (LCG), ARK Next Generation Internation ETF (ARKW), Franklin FTSE Canada ETF (FLCA) and ARK Innovation ETF (ARKK).

Shares of Shopify split on Wednesday, June 29th 2022. The 10-1 split was announced on Monday, April 11th 2022. The newly issued shares were payable to shareholders after the closing bell on Tuesday, June 28th 2022. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

468 employees have rated Shopify Chief Executive Officer Tobias Lütke on Glassdoor.com. Tobias Lütke has an approval rating of 93% among the company's employees. This puts Tobias Lütke in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Shopify investors own include NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Netflix (NFLX), Block (SQ), Trade Desk (TTD), PayPal (PYPL), Salesforce (CRM), Walt Disney (DIS) and Advanced Micro Devices (AMD).

(SHOP) raised $100 million in an initial public offering (IPO) on Thursday, May 21st 2015. The company issued 7,700,000 shares at a price of $12.00-$14.00 per share. Morgan Stanley, Credit Suisse and RBC Capital Markets acted as the underwriters for the IPO and Pacific Crest Securities, Raymond James and Canaccord Genuity were co-managers.

Shares of SHOP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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