1 day Ago By ABMN Staff
Shopify ( NYSE:SHOP – Get Free Report ) (TSE:SHOP) was upgraded by equities researchers at Redburn Atlantic from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, MarketBeat reports. The brokerage presently has a $99.00 price objective on the software maker’s stock.
Redburn Atlantic’s price objective indicates a potential upside of 31.60% from the company’s current price. A number of other research firms have also recently issued reports on SHOP.
Cantor Fitzgerald initiated coverage on Shopify in a report on Thursday, September 5th. They set a “neutral” rating and a $70.00 price target on the stock.
DZ Bank lowered shares of Shopify from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. UBS Group lifted their price target on shares of Shopify from $71.00 to $75.
00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Evercore increased their price objective on shares of Shopify from $75.00 to $80.
00 in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised their target price on Shopify from $74.
00 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock.
Based on data from MarketBeat, Shopify presently has an average rating of “Moderate Buy” and an average target price of $77.92. Get Our Latest Stock Report on Shopify Shopify Price Performance Shopify ( NYSE:SHOP – Get Free Report ) (TSE:SHOP) last posted its quarterly earnings data on Wednesday, August 7th.
The software maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.
06. Shopify had a return on equity of 10.88% and a net margin of 16.
40%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.
01 billion. During the same period last year, the company posted ($0.08) EPS.
The business’s quarterly revenue was up 20.7% on a year-over-year basis. On average, sell-side analysts forecast that Shopify will post 0.
76 EPS for the current year. Institutional Inflows and Outflows Institutional investors have recently bought and sold shares of the business. DSM Capital Partners LLC bought a new position in Shopify in the 4th quarter valued at $28,000.
Jones Financial Companies Lllp bought a new position in Shopify in the 4th quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group grew its stake in Shopify by 100.0% in the 2nd quarter.
Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock valued at $26,000 after purchasing an additional 200 shares during the period. OLD Point Trust & Financial Services N A bought a new position in Shopify in the 4th quarter valued at $39,000. Finally, Cultivar Capital Inc.
bought a new position in Shopify in the 2nd quarter valued at $33,000. Institutional investors own 69.27% of the company’s stock.
Shopify Company Profile ( 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. Featured Articles 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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