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Shopify (SHOP) Stock Price, News & Analysis

-2.27 (-3.41%)
(As of 06/18/2024 ET)
Today's Range
50-Day Range
52-Week Range
11.27 million shs
Average Volume
10.72 million shs
Market Capitalization
$82.80 billion
P/E Ratio
Dividend Yield
Price Target

Shopify MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.54 Rating Score
19.0% Upside
$76.49 Price Target
Short Interest
1.63% of Float Sold Short
Dividend Strength
Upright™ Environmental Score
News Sentiment
0.89mentions of Shopify in the last 14 days
Based on 22 Articles This Week
Insider Trading
Proj. Earnings Growth
From $0.57 to $0.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.98 out of 5 stars

Computer And Technology Sector

159th out of 585 stocks

Prepackaged Software Industry

53rd out of 198 stocks

SHOP stock logo

About Shopify Stock (NYSE:SHOP)

Shopify Inc. is a commerce platform and eCommerce infrastructure provider connecting small businesses with a large and growing global marketplace. The company was formed in 2004 in Ottawa, Canada as Jaded Pixel Technologies but changed its name to Shopify Inc in 2011. The name change was part of a rebranding strategy that helped accelerate the business and drive it to $5.5 billion in sales in 2022.

As of October 2022, the company boasted “millions” of merchants in 175 countries with more than $543 billion in economic activity generated since launch. In terms of scale, Shopify employs more than 10,000 individuals and is among the top 20 publicly traded companies in Canada.

Shopify was founded by Tobi Lütke. Mr. Lütke had been working on a website for a snowboard store but quickly realized the software was more valuable than just selling snowboards so his team switched gears. The platform was launched in 2006 and it quickly gained momentum. Mr. Lütke is a member of the board of directors and the company’s CEO, a position he has held since 2008.

Shopify is a commerce company but, more importantly, it is an eCommerce commerce company that can assist small businesses with all aspects of their operations. The company is in business to provide an eCommerce platform for small businesses globally. Its platform enables merchants to market, manage, and sell their products through a variety of sales channels that include but are not limited to eCommerce. Channels include the company’s core website as well as brick & mortar locations, pop-ups, social media, and buy-now buttons.

Because branding is such an important part of a business's success the company goes to great lengths to assist its merchants in that regard. The website includes several tools to help with branding that include a business name generator and a logo maker as well as a website builder and a full range of marketing products. Marketing products help merchants with email marketing and Facebook ads as well as automation of the same.

Among the many benefits of using Shopify is acceleration. Businesses that use the website to its fullest are able to accelerate their growth and reach milestones years ahead of their competitors. Brands that use include Heinz, Tupperware, and Netflix. According to data from BuiltWith, the Shopify platform was host to more than 1.58 million websites in 2021 and the figure is growing. Data from W3Techs suggest that more than 4.0% of the top 10 million websites are using Shopify.


SHOP Stock Price History

SHOP Stock News Headlines

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Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
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Analysts Couldn’t Wait to Boost These 3 Stocks (SHOP)
Analysts liked these stocks enough to boost them right after earnings season, with plenty of fundamental factors pushing their tail, they could rally soon
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MarketBeat Week in Review – 5/20 - 5/24 (SHOP)
The market sold off sharply despite a strong earnings report from Nvidia; a short trading week will include economic reports that could bring more volatility
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Comeback Alert: Shopify's Rally Is About to Begin
It's been a tough couple of weeks for investors of Shopify Inc. NYSE: SHOP. Indeed, while the broader market has been setting record highs since the final weeks of last year, shares of the e-commerce platform have been sinking some 40% from their high in February.
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Comeback Alert: Shopify’s Rally Is About to Begin (SHOP)
The fact that the bears have been unable to take the stock down further means momentum is starting to swing to the bulls.
[Urgent] Protect your money before November
Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
Shopify (NYSE:SHOP) Upgraded by Evercore to Outperform
Shopify (NYSE:SHOP) Upgraded by Evercore ISI to Outperform
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Shopify (NYSE:SHOP) Shares Up 0.4%
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See More Headlines
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Company Calendar

Last Earnings
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Prepackaged software
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
37 Analysts


Net Income
$132 million
Pretax Margin


Sales & Book Value

Annual Sales
$7.06 billion
Cash Flow
$0.29 per share
Book Value
$7.05 per share


Outstanding Shares
Free Float
Market Cap
$82.80 billion

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Key Executives

  • Mr. Tobias Lütke (Age 43)
    Founder, Chairman & CEO
    Comp: $1
  • Mr. Harley Finkelstein (Age 41)
    Comp: $664.47k
  • Mr. Jeff J. Hoffmeister CPA
    Chief Financial Officer
  • Mr. Kasra Nejatian
    VP of Product & COO
  • Ms. Jessica R. Hertz
    General Counsel & Corporate Secretary
  • Carrie Gillard
    Director of Investor Relations
  • Ms. Bharati Balakrishnan
    Country Head & Director- India
  • Mr. Loren Padelford (Age 46)
    GM & VP of Shopify Plus
  • Mr. Arpan Podduturi
    Director of Product
  • Mr. Thomas Epting
    Director of Product for Shopify Fulfillment Network

Should I Buy Shopify Stock? SHOP Pros and Cons Explained


Here are some ways that investors could benefit from investing in Shopify Inc.:

  • Shopify's stock has a strong 50-day moving average price, indicating positive momentum in the short term.
  • Shopify has a high quick ratio and current ratio, showcasing strong liquidity positions to meet short-term obligations.
  • Shopify's revenue growth has exceeded analysts' expectations, demonstrating strong business performance.
  • Shopify has a positive return on equity, indicating efficient use of shareholder funds to generate profits.
  • Shopify's market capitalization is substantial, reflecting investor confidence and the company's market position.


Investors should be bearish about investing in Shopify Inc. for these reasons:

  • Shopify's stock has a negative net margin, which may indicate challenges in controlling costs and generating profits.
  • Shopify's price-to-earnings ratio is negative, suggesting that the company's earnings may not be sufficient to support its current stock price.
  • Shopify's P/E ratio is significantly high, potentially signaling overvaluation in the stock price.
  • Shopify's price-to-earnings-growth ratio is above 1, indicating that the stock may be overvalued relative to its growth prospects.
  • Shopify has received mixed ratings from analysts, with some lowering price targets, which could impact investor sentiment.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, May 31, 2024. Please send any questions or comments about these Shopify pros and cons to

SHOP Stock Analysis - Frequently Asked Questions

Should I buy or sell Shopify stock right now?

37 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 1 sell rating, 15 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SHOP shares.
View SHOP analyst ratings
or view top-rated stocks.

What is Shopify's stock price target for 2024?

37 equities research analysts have issued 1-year price targets for Shopify's shares. Their SHOP share price targets range from $50.00 to $110.00. On average, they expect the company's stock price to reach $76.49 in the next year. This suggests a possible upside of 19.0% from the stock's current price.
View analysts price targets for SHOP
or view top-rated stocks among Wall Street analysts.

How have SHOP shares performed in 2024?

Shopify's stock was trading at $77.90 at the beginning of 2024. Since then, SHOP stock has decreased by 17.5% and is now trading at $64.25.
View the best growth stocks for 2024 here

Are investors shorting Shopify?

Shopify saw a increase in short interest in May. As of May 15th, there was short interest totaling 19,860,000 shares, an increase of 24.3% from the April 30th total of 15,980,000 shares. Based on an average trading volume of 9,650,000 shares, the short-interest ratio is presently 2.1 days. Currently, 1.7% of the company's stock are sold short.
View Shopify's Short Interest

When is Shopify's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our SHOP earnings forecast

How were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) 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 software maker earned $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Shopify had a positive trailing twelve-month return on equity of 7.36% and a negative net margin of 2.82%.

When did Shopify's stock split?

Shares of Shopify split on the morning of Wednesday, June 29th 2022. The 10-1 split was announced on Monday, April 11th 2022. The newly created shares were distributed to shareholders after the closing bell on Tuesday, June 28th 2022. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

What is Tobias Lütke's approval rating as Shopify's CEO?

468 employees have rated Shopify Chief Executive Officer Tobias Lütke on Tobias Lütke has an approval rating of 93% among the company's employees. This puts Tobias Lütke in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Shopify own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Shopify investors own include NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Netflix (NFLX), Block (SQ), Trade Desk (TTD), PayPal (PYPL), Salesforce (CRM), Walt Disney (DIS) and Advanced Micro Devices (AMD).

When did Shopify IPO?

Shopify (SHOP) raised $100 million in an IPO on Thursday, May 21st 2015. The company issued 7,700,000 shares at $12.00-$14.00 per share. Morgan Stanley, Credit Suisse and RBC Capital Markets served as the underwriters for the IPO and Pacific Crest Securities, Raymond James and Canaccord Genuity were co-managers.

Who are Shopify's major shareholders?

Shopify's stock is owned by many different retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (4.77%), Capital World Investors (3.87%), Vanguard Group Inc. (3.33%), Price T Rowe Associates Inc. MD (2.66%), Capital Research Global Investors (2.63%) and GQG Partners LLC (1.62%).

How do I buy shares of Shopify?

Shares of SHOP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Shopify have any subsidiaries?
The following companies are subsidiares of Shopify: 6 River Systems, 6 River Systems LLC, Boltmade, Handshake, Helpful, Jet Cooper, Kit, Oberlo, Return Magic, Select Start Studios, Shopify Capital Inc., Shopify Commerce Singapore Pte. Ltd., Shopify Holdings (USA) Inc., Shopify International Limited, Shopify LLC, Shopify Payments (Canada) Inc., Shopify Payments (USA) Inc., Tictail, and Tiny Hearts.
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This page (NYSE:SHOP) was last updated on 6/19/2024 by Staff

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