Shares of Shopify Inc. (NYSE:SHOP – Get Free Report) (TSE:SHOP) have earned a consensus recommendation of “Moderate Buy” from the thirty-seven ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $76.39.
SHOP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Shopify from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Wells Fargo & Company cut their price objective on shares of Shopify from $85.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Evercore ISI raised shares of Shopify from an “in-line” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Friday, June 14th. Robert W. Baird cut their target price on shares of Shopify from $87.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Finally, Royal Bank of Canada cut their target price on shares of Shopify from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th.
View Our Latest Analysis on Shopify
Institutional Investors Weigh In On Shopify
Shopify Stock Performance
Shares of SHOP stock opened at $65.04 on Friday. The firm has a market cap of $83.81 billion, a price-to-earnings ratio of -382.56, a PEG ratio of 3.26 and a beta of 2.27. The company’s 50 day moving average is $64.57 and its 200 day moving average is $73.25. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 0.10. Shopify has a 52-week low of $45.50 and a 52-week high of $91.57.
Shopify (NYSE:SHOP – Get Free Report) (TSE:SHOP) last announced its earnings results on Wednesday, May 8th. The software maker reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Shopify had a negative net margin of 2.82% and a positive return on equity of 7.36%. On average, sell-side analysts anticipate that Shopify will post 0.61 EPS for the current fiscal year.
About Shopify
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.
Further Reading
- Five stocks we like better than Shopify
- Golden Cross Stocks: Pattern, Examples and Charts
- Sarepta Therapeutics Stock Soars on FDA Approval
- About the Markup Calculator
- CarMax: A Market Melt-Up Waiting to Happen for this Stock
- Energy and Oil Stocks Explained
- 3 Solar Stocks to Watch that are Building the Green Energy Future
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.