Research Analysts’ Recent Ratings Updates for Shopify Inc (US) (SHOP)

Several brokerages have updated their recommendations and price targets on shares of Shopify Inc (US) (NYSE: SHOP) in the last few weeks:

  • 2/12/2018 – Shopify Inc (US) had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $140.00 price target on the stock, up previously from $120.00.
  • 2/8/2018 – Shopify Inc (US) had its price target raised by analysts at DA Davidson to $110.00. They now have a “neutral” rating on the stock.
  • 2/5/2018 – Shopify Inc (US) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $140.24 price target on the stock.
  • 1/30/2018 – Shopify Inc (US) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $137.80 price target on the stock.
  • 1/30/2018 – Shopify Inc (US) had its price target raised by analysts at National Bank Financial from $120.00 to $150.00. They now have an “outperform” rating on the stock.
  • 1/30/2018 – Shopify Inc (US) had its price target raised by analysts at Morgan Stanley from $116.00 to $120.00. They now have an “equal weight” rating on the stock.
  • 1/29/2018 – Shopify Inc (US) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $130.32 price target on the stock.
  • 1/22/2018 – Shopify Inc (US) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $131.09 price target on the stock.

Shares of Shopify Inc (NYSE SHOP) traded up $8.39 on Monday, hitting $127.94. 2,702,853 shares of the stock traded hands, compared to its average volume of 1,320,000. The company has a market cap of $12,700.00 and a PE ratio of -261.10. Shopify Inc has a one year low of $54.30 and a one year high of $131.16. 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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