Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP)‘s stock had its “outperform” rating reaffirmed by equities researchers at Wedbush in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They presently have a $140.00 price target on the software maker’s stock, up from their prior price target of $120.00. Wedbush’s price objective points to a potential upside of 9.43% from the company’s previous close.
Other equities analysts also recently issued reports about the company. Barclays reiterated a “neutral” rating on shares of Shopify Inc (US) in a research report on Sunday, November 5th. Oppenheimer restated a “hold” rating on shares of Shopify Inc (US) in a research report on Tuesday, October 31st. DA Davidson raised their price objective on Shopify Inc (US) to $110.00 and gave the stock a “neutral” rating in a research report on Thursday. Piper Jaffray Companies restated a “buy” rating and set a $110.00 price objective on shares of Shopify Inc (US) in a research report on Wednesday, November 1st. Finally, KeyCorp restated a “buy” rating and set a $116.00 price objective on shares of Shopify Inc (US) in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Shopify Inc (US) presently has an average rating of “Buy” and an average price target of $108.67.
Shopify Inc (SHOP) traded up $8.39 during trading on Monday, reaching $127.94. The company’s stock had a trading volume of 2,702,733 shares, compared to its average volume of 1,320,000. The company has a quick ratio of 10.64, a current ratio of 10.64 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $12,700.00 and a P/E ratio of -261.10. Shopify Inc has a 1 year low of $54.30 and a 1 year high of $131.16.
WARNING: This piece of content was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/12/wedbush-reaffirms-outperform-rating-for-shopify-inc-us-shop.html.
Shopify Inc (US) Company Profile
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.
Receive News & Ratings for Shopify Inc (US) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify Inc (US) and related companies with MarketBeat.com's FREE daily email newsletter.