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DOW   39,807.37
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Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
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Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
TSE:SHOP

Shopify (SHOP) Stock Price, News & Analysis

C$104.50
-2.20 (-2.06%)
(As of 03/28/2024 ET)
Today's Range
C$104.27
C$107.38
50-Day Range
C$99.87
C$122.11
52-Week Range
C$58.76
C$123.20
Volume
1.54 million shs
Average Volume
2.70 million shs
Market Capitalization
C$126.45 billion
P/E Ratio
746.43
Dividend Yield
N/A
Price Target
C$89.25

Shopify MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
14.6% Downside
C$89.25 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.83mentions of Shopify in the last 14 days
Based on 6 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.

0.17 out of 5 stars

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

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
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
This consistently signaled gains of 453%... 610%... and even 1036%...
It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. Traders who have consistently signaled 453% … 610% .. and even 1036%... gains. And until now they have been doing it completely under the radar. In an upcoming interview I am revealing the strategy behind this gold-mine and how you can piggy back their every trade.
Shopify (SHOP) Gets a Buy from RBC Capital
Shopify: Way Too Cheap For What's Coming
How To Use Shopify With WordPress In 2024
Shopify (SHOP) Rose 42.8% in Q4
Square Vs. Shopify (2024 Comparison)
See More Headlines
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Company Calendar

Today
3/29/2024
Next Earnings (Estimated)
5/02/2024

Industry, Sector and Symbol

Industry
Software - Application
Sub-Industry
N/A
CIK
N/A
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
-14.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
C$132 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$7.06 billion
Cash Flow
C$7.73 per share
Book Value
C$7.05 per share

Miscellaneous

Outstanding Shares
1,210,000,000
Free Float
N/A
Market Cap
C$126.45 billion
Optionable
Not Optionable
Beta
2.22
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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

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.
  • The company's robust platform enables merchants to efficiently manage products, inventory, orders, payments, and customer relationships, enhancing operational efficiency.
  • Shopify's focus on innovation and technology advancements keeps it competitive in the rapidly evolving e-commerce industry.
  • Recent positive financial performance, including revenue growth and profitability, indicates a strong financial position.
  • Current stock price is showing an upward trend, potentially indicating positive market sentiment and growth prospects.

Cons

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

  • Intense competition in the e-commerce sector may pose challenges to Shopify's market share and pricing power.
  • Regulatory changes or legal issues in different regions could impact Shopify's operations and profitability.
  • Market volatility and economic uncertainties may affect consumer spending behavior, impacting Shopify's merchant base and revenue streams.
  • Dependency on third-party apps and services could expose Shopify to risks related to service disruptions or data security breaches.
  • Investors should carefully consider valuation metrics and potential risks before making investment decisions in Shopify.
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 Tuesday, March 26, 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 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 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 targets 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 share price to reach C$89.25 in the next twelve months. This suggests that the stock has a possible downside of 14.6%.
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 increased by 1.3% and is now trading at C$104.50.
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 3/29/2024 by MarketBeat.com Staff

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