Shares of Shopify Inc. (NYSE:SHOP – Get Free Report) (TSE:SHOP) have been given an average recommendation of “Moderate Buy” by the thirty-nine brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation, twenty-four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $99.88.
Several equities research analysts recently weighed in on the company. Mizuho lifted their price target on Shopify from $68.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Loop Capital upgraded shares of Shopify from a “hold” rating to a “buy” rating and boosted their target price for the company from $110.00 to $140.00 in a report on Friday, December 6th. Oppenheimer increased their price target on shares of Shopify from $90.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. KeyCorp raised their target price on shares of Shopify from $80.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Atb Cap Markets downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th.
Read Our Latest Analysis on SHOP
Institutional Investors Weigh In On Shopify
Shopify Stock Performance
Shares of SHOP opened at $106.84 on Wednesday. Shopify has a one year low of $48.56 and a one year high of $120.72. The company has a 50-day simple moving average of $105.71 and a two-hundred day simple moving average of $83.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.10 and a quick ratio of 7.10. The firm has a market capitalization of $138.05 billion, a PE ratio of 99.85, a price-to-earnings-growth ratio of 2.98 and a beta of 2.46.
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, 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.
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