Recent Investment Analysts’ Ratings Updates for Shopify (SHOP)

Shopify (NYSE: SHOP) recently received a number of ratings updates from brokerages and research firms:

  • 11/29/2017 – Shopify was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $125.38 price target on the stock.
  • 11/27/2017 – Shopify had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $140.00 price target on the stock, up previously from $116.00.
  • 11/21/2017 – Shopify was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $122.39 price target on the stock.
  • 11/21/2017 – Shopify had its price target raised by analysts at Roth Capital from $119.00 to $127.00. They now have a “buy” rating on the stock.
  • 11/5/2017 – Shopify had its “neutral” rating reaffirmed by analysts at Barclays PLC.
  • 11/2/2017 – Shopify had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $120.00 price target on the stock.
  • 11/1/2017 – Shopify had its price target raised by analysts at Royal Bank Of Canada from $99.00 to $132.50. They now have a “sector perform” rating on the stock.
  • 11/1/2017 – Shopify had its price target raised by analysts at Barclays PLC from $90.00 to $95.00. They now have an “equal weight” rating on the stock.
  • 11/1/2017 – Shopify had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $110.00 price target on the stock.
  • 11/1/2017 – Shopify had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $116.00 price target on the stock.
  • 11/1/2017 – Shopify had its price target raised by analysts at Roth Capital from $117.00 to $119.00. They now have a “buy” rating on the stock.
  • 10/31/2017 – Shopify had its price target raised by analysts at Piper Jaffray Companies from $110.00 to $120.00.
  • 10/31/2017 – Shopify had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 10/27/2017 – Shopify was upgraded by analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating. They now have a $125.00 price target on the stock.
  • 10/25/2017 – Shopify was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/13/2017 – Shopify was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/11/2017 – Shopify was given a new $116.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 10/10/2017 – Shopify had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $99.00 price target on the stock.
  • 10/6/2017 – Shopify had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $110.00 price target on the stock.
  • 10/6/2017 – Shopify had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $109.00 price target on the stock.
  • 10/6/2017 – Shopify was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/5/2017 – Shopify had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $110.00 price target on the stock.
  • 10/2/2017 – Shopify was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $122.30 price target on the stock.

Shopify Inc. (SHOP) opened at $103.82 on Friday. Shopify Inc. has a 52-week low of $38.69 and a 52-week high of $123.94. The company has a quick ratio of 10.64, a current ratio of 10.64 and a debt-to-equity ratio of 0.02.

Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.

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