In the latest trading session, 0.95 million Shopify Inc (NYSE:SHOP) shares changed hands as the company’s beta touched 2.60. With the company’s most recent per share price at $114.68 changing hands around $3.73 or 3.36% at last look, the market valuation stands at $148.19B. SHOP’s current price is a discount, trading about -12.82% off its 52-week high of $129.38. The share price had its 52-week low at $48.56, which suggests the last value was 57.66% up since then.
Analysts gave the Shopify Inc (SHOP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.96. If we narrow down to specifics, the data shows that 0 out of 34 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 13 recommended SHOP as a Hold, 21 felt it is a Buy and 0 rated the stock as Underweight. Shopify Inc’s EPS for the current quarter is expected to be 0.26.
Shopify Inc (NYSE:SHOP) trade information
Instantly SHOP is in green as seen in intraday trades today. With action -10.17%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 7.85%, with the 5-day performance at -10.17% in the red. However, in the 30-day time frame, Shopify Inc (NYSE:SHOP) is 6.80% up.
The consensus price target for the stock as assigned by Wall Street analysts is 110, meaning bulls need a downside of -4.25% from its recent market value. According to analyst projections, SHOP’s forecast low is 80 with 130 as the target high. To hit the forecast high, the stock’s price needs a -13.36% plunge from its current level, while the stock would need to tank 30.24% for it to hit the projected low.
Shopify Inc (SHOP) estimates and forecasts
Year-over-year growth is forecast to reach 23.00% up from the last financial year.
Consensus estimates given by 38 financial analysts project the company’s revenue in the current quarter to hit an average of 2.33B. 36 analysts are of the opinion that Shopify Inc’s revenue for the current quarter will be 2.54B. The company’s revenue for the corresponding quarters a year ago was 1.86B and 2.04B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 25.33%. The estimates for the next quarter sales put growth at 24.02%.
The 2025 estimates are for Shopify Inc earnings to increase by 20.14%, but the outlook for the next 5-year period is at 25.99% per year.
Shopify Inc (NYSE:SHOP)’s Major holders
CAPITAL WORLD INVESTORS holds the second largest percentage of outstanding shares, with 3.7788% or 48.71 million shares worth $3.22 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Growth Fund of America Inc and Europacific Growth Fund. With 30.28 shares estimated at $3.45 billion under it, the former controlled 2.49% of total outstanding shares. On the other hand, Europacific Growth Fund held about 1.43% of the shares, roughly 17.44 shares worth around $1.99 billion.
