Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP)‘s stock had its “outperform” rating restated by research analysts at Wedbush in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $176.00 target price on the software maker’s stock. Wedbush‘s price objective would indicate a potential upside of 21.66% from the stock’s current price.
A number of other research firms have also issued reports on SHOP. Jefferies Financial Group reiterated a “buy” rating on shares of Shopify in a research note on Wednesday, October 14th. Royal Bank Of Canada reissued an “outperform” rating and set a $200.00 target price (up from $180.00) on shares of Shopify in a research report on Friday, October 16th. BTIG Research initiated coverage on shares of Shopify in a report on Friday, July 10th. They set a “buy” rating for the company. The Goldman Sachs Group lifted their price objective on Shopify from $170.00 to $194.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Mizuho set a $180.00 price objective on Shopify in a research note on Thursday, September 24th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Shopify currently has an average rating of “Moderate Buy” and a consensus target price of $178.49.
View Our Latest Stock Analysis on SHOP
Shopify Stock Up 1.5%
Shares of Shopify stock opened at $144.66 on Wednesday. Shopify has a 12-month low of $94.00 and a 12-month high of $180.88. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $152.77 and a two-hundred day moving average price of $130.13. The stock has a market capitalization of $186.13 billion, a P/E ratio of 97.74, a PEG ratio of 3.23 and a beta of 2.65.
Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last released its quarterly earnings results on Tuesday, November 3rd. The software maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.16. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The company had revenue of $3.74 billion for the quarter. During the same period in the prior year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 31.6% compared to the same quarter last year. Equities analysts expect that Shopify will post 1.46 earnings per share for the current year.
Institutional Investors Weigh In On Shopify
A number of institutional investors have recently added to or reduced their stakes in SHOP. Fortitude Family Office LLC acquired a new stake in shares of Shopify during the 3rd quarter worth approximately $29,000. MADDEN SECURITIES Corp acquired a new position in shares of Shopify in the third quarter valued at $30,000. Laurel Wealth Advisors LLC acquired a new position in shares of Shopify in the third quarter valued at $32,000. Graney & King LLC acquired a new position in shares of Shopify in the first quarter valued at $27,000. Finally, Trellis Wealth Advisors LLC bought a new position in Shopify in the third quarter worth $37,000. 69.27% of the stock is owned by institutional investors and hedge funds.
Shopify News Roundup
Here are the key news stories impacting Shopify this week:
- Positive Sentiment: Underlying results showed continued growth: revenue rose 32% year over year to about $3.7 billion, operating income increased 66%, and free cash flow climbed 61% to $816 million. The company also reported momentum in AI-driven commerce and Shop Pay. Article: Shopify Stock Fell After Its Report
- Positive Sentiment: Some coverage characterized Shopify’s fourth-quarter outlook as upbeat, while analysts cited in reports retained a Moderate Buy consensus. Article: Shopify’s Small Q3 Miss Triggered a Big Sell-Off
- Neutral Sentiment: Rosenblatt Securities lowered its price target to $180 from $186 but maintained a Buy rating, signaling continued optimism alongside a more cautious valuation view. Rosenblatt Securities recommendations
- Negative Sentiment: The key drag was a slight miss in gross merchandise volume—about $119.1 billion versus roughly $120 billion expected—and weaker-than-expected subscription revenue. The misses disappointed investors after a strong run and overshadowed the earnings beat. Article: Shopify falls after Q3 results
- Negative Sentiment: Cantor Fitzgerald cut its target to $150 from $158 and shifted to a Neutral rating, reinforcing a more guarded near-term outlook. Ticker Report article
Shopify Company Profile
Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.
The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.
Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.
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