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TSE:SHOP

Shopify (SHOP) Stock Price, News & Analysis

→ A.I. Pioneer Issues Urgent Warning to Americans (From TradeSmith) (Ad)
Free SHOP Stock Alerts
C$96.61
+0.99 (+1.04%)
(As of 12:09 PM ET)
Compare
Today's Range
C$93.85
▼
C$97.57
50-Day Range
C$94.51
▼
C$122.11
52-Week Range
C$62.80
▼
C$123.20
Volume
744,550 shs
Average Volume
2.59 million shs
Market Capitalization
C$116.90 billion
P/E Ratio
690.07
Dividend Yield
N/A
Price Target
C$89.25
Stock AnalysisAnalyst ForecastsChartCompetitorsHeadlinesInsider Trades

Shopify MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.1% Downside
C$89.25 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.31mentions of Shopify in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
C$753,531 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.15 out of 5 stars

See Top Rated MarketRank™ Stocks Here
SHOP stock logo

About Shopify Stock (TSE:SHOP)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, 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 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.

SHOP Stock Price History

SHOP Stock News Headlines

March 25, 2024 | marketbeat.com
eBay Steadily Climbs as Collectors Drive Growth
EBAY stock continues to move higher as the online marketplace is seeing strong demand in its growing collectibles business
March 19, 2024 | insidertrades.com
Harley Michael Finkelstein Sells 165 Shares of Shopify Inc. (TSE:SHOP) Stock
April 18, 2024 | TradeSmith (Ad)
A.I. Pioneer Issues Urgent Warning to Americans
According to one early A.I. pioneer: “You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There’s no middle option.”
April 17, 2024 | ca.finance.yahoo.com
Stocks in play: Shopify Inc.
April 17, 2024 | finance.yahoo.com
Shopify to Announce First-Quarter 2024 Financial Results May 8, 2024
April 16, 2024 | msn.com
Why Shopify Fell 1.83% Monday
April 16, 2024 | msn.com
Shopify pits employees against each other to achieve higher pay - report
April 16, 2024 | markets.businessinsider.com
Analysts Offer Insights on Technology Companies: Mitek Systems (MITK) and Shopify (SHOP)
April 18, 2024 | TradeSmith (Ad)
A.I. Pioneer Issues Urgent Warning to Americans
According to one early A.I. pioneer: “You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There’s no middle option.”
April 16, 2024 | msn.com
Dog Products Maker BARK To Migrate Its DTC Businesses To Shopify
April 16, 2024 | fool.com
Is It Time to Buy the Dip in Shopify Stock?
April 11, 2024 | finance.yahoo.com
Shopify Stock (NYSE:SHOP): Does High Growth Justify the High Valuation?
April 9, 2024 | msn.com
Google Cloud and Shopify join Cognizant to modernise global retail
April 4, 2024 | businessinsider.com
Shopify has poached at least two dozen employees from Salesforce as it pushes into enterprise e-commerce
April 2, 2024 | tmcnet.com
CommentSold Revolutionizes Video Commerce with the Launch of PopClips - Shoppable Videos Across all Its Platforms
March 31, 2024 | msn.com
2 Rock-Solid Growth Stocks to Buy Right Now and Hold for at Least 5 Years
March 27, 2024 | msn.com
Forget Shopify: These Unstoppable Stocks Are Better Buys Today
March 27, 2024 | finance.yahoo.com
Do You Believe in the Growth Prospects of Shopify (SHOP)?
March 23, 2024 | msn.com
Unlocking Success with the Top NJ Shopify Agency: Your Ultimate Guide to Laravel, Magento Website Support, and More
March 22, 2024 | msn.com
Shopify (TSE:SHOP) Slips as Canadian Retail Proves Mixed
March 22, 2024 | markets.businessinsider.com
Shopify (SHOP) Gets a Buy from RBC Capital
March 21, 2024 | benzinga.com
Jim Cramer Likes Jeff Bezos' Amazon Over Shopify, But Says It 'Does An Absolutely Terrific Job...Stick By It'
March 17, 2024 | seekingalpha.com
Shopify: Way Too Cheap For What's Coming
March 15, 2024 | financialpost.com
Shopify's surge led 85% of Canadian stock pickers to trail targets
March 14, 2024 | bloomberg.com
Shopify’s Surge Saw 85% of Canadian Stock Pickers Trail Targets
March 14, 2024 | finance.yahoo.com
Shopify (SHOP) Down 2.5% Since Last Earnings Report: Can It Rebound?
March 13, 2024 | axios.com
Exclusive: Big Sur AI raises $6.9M to reach Shopify merchants
See More Headlines
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Company Calendar

Today
4/18/2024
Next Earnings (Estimated)
5/02/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Sector
Computer and Technology
Industry
Software - Application
Sub-Industry
N/A
Current Symbol
TSE:SHOP
CUSIP
N/A
CIK
N/A
Web
www.shopify.com
Phone
+1-613-2412828
Fax
N/A
Employees
8,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$89.25
High Stock Price Target
C$105.00
Low Stock Price Target
C$62.00
Potential Upside/Downside
-6.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$0.14
Trailing P/E Ratio
683.00
Forward P/E Ratio
70.32
P/E Growth
1.09
Net Income
C$132 million
Net Margins
1.87%
Pretax Margin
N/A
Return on Equity
1.53%
Return on Assets
1.47%

Debt

Debt-to-Equity Ratio
12.69
Current Ratio
6.99
Quick Ratio
5.74

Sales & Book Value

Annual Sales
C$7.06 billion
Price / Sales
16.39
Cash Flow
C$7.07 per share
Price / Cash Flow
13.52
Book Value
C$7.05 per share
Price / Book
13.56

Miscellaneous

Outstanding Shares
1,210,000,000
Free Float
N/A
Market Cap
C$115.70 billion
Optionable
Not Optionable
Beta
2.20
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Key Executives

  • Mr. Tobias Lütke (Age 43)
    Founder, Chairman & CEO
    Comp: $1
  • Mr. Harley Finkelstein (Age 41)
    President
    Comp: $902.93k
  • Mr. Jeff J. Hoffmeister CPA
    Chief Financial Officer
  • Mr. Kasra Nejatian
    VP of Product & COO
  • Ms. Jessica R. Hertz
    General Counsel & Corporate Secretary
  • Carrie Gillard
    Director of Investor Relations
  • Ms. Bharati Balakrishnan
    Country Head & Director- India
  • Mr. Loren Padelford (Age 46)
    GM & VP of Shopify Plus
  • Mr. Arpan Podduturi
    Director of Product
  • Mr. Thomas Epting
    Director of Product for Shopify Fulfillment Network

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

Should I Buy Shopify Stock? SHOP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Shopify Inc.:

  • Shopify's expanding global presence across various regions provides diversification and growth opportunities for investors.
  • The company's innovative commerce platform enables merchants to reach customers through multiple sales channels, enhancing revenue potential.
  • Recent analyst price target upgrades indicate positive sentiment towards the stock, potentially leading to price appreciation.
  • Shopify's strong financial position with a low debt-to-equity ratio and healthy liquidity ratios offers stability and resilience in uncertain market conditions.
  • Insider transactions, such as senior officers selling shares, can provide insights into the company's performance and future prospects.

Cons

Investors should be bearish about investing in Shopify Inc. for these reasons:

  • The stock's high PE ratio of 721.43 may indicate overvaluation, posing a risk of a potential price correction.
  • Shopify's beta of 2.22 suggests higher volatility compared to the market average, increasing investment risk.
  • Recent insider selling activities could signal concerns among company insiders about future performance or valuation.
  • Shopify's market cap of C$122.21 billion may limit significant short-term growth potential for investors.
  • The company's P/E/G ratio of 1.09 indicates a relatively high valuation compared to its expected earnings growth rate, potentially impacting future returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Shopify pros and cons to contact@marketbeat.com.

SHOP Stock Analysis - Frequently Asked Questions

Should I buy or sell Shopify stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SHOP shares.
View SHOP analyst ratings or view top-rated stocks.

What is Shopify's stock price target for 2024?

4 Wall Street research analysts have issued 12 month price objectives for Shopify's shares. Their SHOP share price targets range from C$62.00 to C$105.00. On average, they expect the company's stock price to reach C$89.25 in the next year. This suggests that the stock has a possible downside of 8.1%.
View analysts price targets for SHOP or view top-rated stocks among Wall Street analysts.

How have SHOP shares performed in 2024?

Shopify's stock was trading at C$103.16 at the beginning of the year. Since then, SHOP stock has decreased by 5.8% and is now trading at C$97.15.
View the best growth stocks for 2024 here.

When is Shopify's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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).

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.

This page (TSE:SHOP) was last updated on 4/18/2024 by MarketBeat.com Staff

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