Shopify (TSE:SHOP – Get Free Report) had its price objective increased by investment analysts at ATB Cormack from C$234.00 to C$237.00 in a research report issued on Wednesday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. ATB Cormack‘s price objective would suggest a potential upside of 11.84% from the company’s previous close.
A number of other equities analysts have also recently commented on the company. ATB Cormark Capital Markets boosted their price target on Shopify from C$240.00 to C$260.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. TD lifted their target price on Shopify from C$159.00 to C$175.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$207.75.
Check Out Our Latest Report on SHOP
Shopify Stock Performance
TSE SHOP traded up C$11.72 during trading on Wednesday, reaching C$211.91. The company’s stock had a trading volume of 1,184,692 shares, compared to its average volume of 2,028,790. The firm has a 50 day moving average price of C$214.32 and a 200 day moving average price of C$180.75. Shopify has a 12 month low of C$129.01 and a 12 month high of C$255.95. The company has a current ratio of 5.35, a quick ratio of 5.74 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of C$272.65 billion, a price-to-earnings ratio of 143.18, a price-to-earnings-growth ratio of 0.87 and a beta of 2.16.
About Shopify
Shopify provides essential internet infrastructure for commerce. Shopify’s all-in-one platform makes it easier to start, run, and grow a business, powering sales online, in-store, and everywhere in between. Millions of businesses in 175+ countries use Shopify-from entrepreneurs to brands like Aldo, BarkBox, Carrier, Meta, Vuori, SKIMS, and Supreme.
Recommended Stories
- Five stocks we like better than Shopify
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
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.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}
