Shares of Shopify Inc. (NYSE:SHOP – Get Free Report) (TSE:SHOP) have been given a consensus recommendation of “Moderate Buy” by the forty ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $100.31.
SHOP has been the subject of several research analyst reports. Royal Bank of Canada raised their target price on Shopify from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays lifted their price objective on Shopify from $70.00 to $93.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Loop Capital raised shares of Shopify from a “hold” rating to a “buy” rating and upped their price objective for the company from $110.00 to $140.00 in a report on Friday, December 6th. Atb Cap Markets lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group increased their price objective on Shopify from $88.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th.
Read Our Latest Report on SHOP
Institutional Investors Weigh In On Shopify
Shopify Stock Performance
SHOP stock opened at $103.91 on Wednesday. The business has a 50 day moving average of $107.35 and a 200-day moving average of $84.27. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. Shopify has a 12-month low of $48.56 and a 12-month high of $120.72. The firm has a market cap of $134.26 billion, a PE ratio of 97.11, a P/E/G ratio of 2.98 and a beta of 2.46.
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.
Read More
- Five stocks we like better than Shopify
- The How And Why of Investing in Oil Stocks
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- 3 Dividend Kings To Consider
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- What Are the FAANG Stocks and Are They Good Investments?
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
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.