Shopify Inc. (TSE:SHOP – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$94.49 and last traded at C$93.96, with a volume of 677003 shares. The stock had previously closed at C$92.69.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on SHOP shares. ATB Capital upped their target price on shares of Shopify from C$95.00 to C$105.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. CSFB upped their target price on shares of Shopify from C$55.00 to C$62.00 and gave the stock a “neutral” rating in a report on Thursday, August 3rd. Finally, Royal Bank of Canada upped their target price on shares of Shopify from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd.
Shopify Price Performance
Insider Transactions at Shopify
In other news, Senior Officer Harley Michael Finkelstein sold 3,308 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of C$56.51, for a total transaction of C$186,942.03. Corporate insiders own 0.22% of the company’s stock.
Shopify Company Profile
Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, 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.
- Five stocks we like better than Shopify
- Crypto vs Stocks: How to Choose Your Investments
- S&P 500’s Whirlwind: Big gains, warning whispers & tactical moves
- Investing in large cap stocks: Diving into big caps
- MarketBeat Week in Review – 11/13 – 11/17
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- 3 large caps with red hot RSIs with upside
Receive News & Ratings for Shopify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify and related companies with MarketBeat.com's FREE daily email newsletter.