Shopify (SHOP) Stock Forecast, Price & News

36 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 1 sell rating, 22 hold ratings and 13 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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36 equities research analysts have issued 12-month price targets for Shopify's stock. Their SHOP share price forecasts range from $30.00 to $80.00. On average, they predict the company's stock price to reach $54.85 in the next year. This suggests that the stock has a possible downside of 8.9%.
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Shopify's stock was trading at $34.71 at the start of the year. Since then, SHOP stock has increased by 73.4% and is now trading at $60.20.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our SHOP earnings forecast.

Shopify Inc. (NYSE:SHOP) announced its quarterly earnings results on Thursday, May, 4th. The software maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.08. The software maker earned $1.51 billion during the quarter, compared to the consensus estimate of $1.44 billion. Shopify had a negative trailing twelve-month return on equity of 6.02% and a negative net margin of 32.49%.

ETFs with the largest weight of Shopify (NYSE:SHOP) stock in their portfolio include ARK Fintech Innovation ETF (ARKF), ARK Next Generation Internation ETF (ARKW), Spear Alpha ETF (SPRX), Franklin Disruptive Commerce ETF (BUYZ), First Trust Dow Jones International Internet ETF (FDNI), Global X E-Commerce ETF (EBIZ), Global X Cloud Computing ETF (CLOU) and ARK Innovation ETF (ARKK).

Shares of Shopify split before market open on Wednesday, June 29th 2022. The 10-1 split was announced on Monday, April 11th 2022. The newly minted shares were payable to shareholders after the market closes 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 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.

Shopify trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHOP."

Shopify's stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (5.57%), Price T Rowe Associates Inc. MD (2.26%), Sands Capital Management LLC (1.85%), Franklin Resources Inc. (1.11%), ARK Investment Management LLC (1.10%) and Sumitomo Mitsui Trust Holdings Inc. (1.02%).

Shares of SHOP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SHOP stock can currently be purchased for approximately $60.20.

Shopify (NYSE:SHOP) has a market capitalization of $76.85 billion and generates $5.60 billion in revenue each year. The software maker earns $-3,460,420,000.00 in net income (profit) each year or ($1.51) on an earnings per share basis.

The company employs 11,600 workers across the globe.

Shopify's mailing address is 150 Elgin Street 8th Floor, Ottawa A6, K2P 1L4. The official website for the company is www.shopify.ca. The software maker can be reached via phone at (613) 241-2828 or via email at ir@shopify.com.