2 weeks Ago By Defense World Staff
Shares of Shopify Inc. ( NYSE:SHOP – Get Free Report ) (TSE:SHOP) have been assigned a consensus recommendation of “Moderate Buy” from the forty-one brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, twenty-four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.
The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $77.92. Several analysts recently weighed in on the stock.
Evercore lifted their price target on shares of Shopify from $75.00 to $80.00 in a report on Thursday, August 8th.
Truist Financial reduced their price target on shares of Shopify from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th.
Royal Bank of Canada restated an “outperform” rating and issued a $85.00 price objective on shares of Shopify in a report on Thursday, August 8th. Morgan Stanley upped their target price on Shopify from $80.
00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company lifted their price target on Shopify from $80.
00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Check Out Our Latest Stock Report on Shopify Institutional Inflows and Outflows Shopify Price Performance Shares of Shopify stock opened at $79.
21 on Monday. The firm has a market cap of $102.08 billion, a PE ratio of -465.
94, a price-to-earnings-growth ratio of 2.69 and a beta of 2.35.
The company’s fifty day simple moving average is $69.90 and its two-hundred day simple moving average is $68.46.
The company has a quick ratio of 7.32, a current ratio of 7.32 and a debt-to-equity ratio of 0.
10. Shopify has a 12-month low of $45.50 and a 12-month high of $91.
57. Shopify ( NYSE:SHOP – Get Free Report ) (TSE:SHOP) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $0.
26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06.
Shopify had a return on equity of 10.88% and a net margin of 16.40%.
The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion.
During the same quarter in the prior year, the company posted ($0.08) EPS. Shopify’s quarterly revenue was up 20.
7% compared to the same quarter last year. As a group, equities analysts expect that Shopify will post 0.76 EPS for the current year.
About Shopify ( Get Free Report 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 Trading Stocks: RSI and Why it’s Useful Simon Property REIT: A Safe Bet for Growth and Steady Dividends How Can Investors Benefit From After-Hours Trading CarMax’s Impressive Rally: What Investors Should Watch Next How to buy stock: A step-by-step guide for beginners MarketBeat Week in Review – 9/23 – 9/27 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.
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