In today’s recent session, 1.82 million shares of the Shopify Inc (NYSE:SHOP) have been traded, and its beta is 2.84. Most recently the company’s share price was $103.09, and it changed around $1.36 or 1.33% from the last close, which brings the market valuation of the company to $133.49B. SHOP at last check was trading at a discount to its 52-week high of $129.38, offering almost -25.5% off that amount. The share price’s 52-week low was $48.56, which indicates that the recent value has risen by an impressive 52.9% since then.
Shopify Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.96. If we narrow it down even further, the data shows that 1 out of 51 analysts rate the stock as a Sell; another 11 rate it as Overweight. Among the rest, 15 recommended SHOP as a Hold, whereas 23 deemed it a Buy, and 1 rated it as Underweight. Shopify Inc is expected to report earnings per share of 0.26 for the current quarter.
Shopify Inc (NYSE:SHOP) trade information
Instantly SHOP has been showing a green trend so far today with a performance of 1.33% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 115.59 on recent trading dayincreased the stock’s daily price by 10.81%. The company’s shares are currently down -3.05% year-to-date, but still down -8.96% over the last five days. On the other hand, Shopify Inc (NYSE:SHOP) is -9.88% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $110, which translates to bulls needing to increase their stock price by 6.28% from its current value. Analyst projections state that SHOP is forecast to be at a low of $80 and a high of $130.
Shopify Inc (SHOP) estimates and forecasts
The year-over-year growth rate is expected to be 23.00%, up from the previous year.
Consensus estimates provided by 38 financial analysts predict the company will bring in an average of 2.33B in revenue for the current quarter. 36 analysts expect Shopify Inc to make 2.54B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.86B and 2.04B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 25.33%. Forecasts for the next quarter put sales growth at 24.02%.
Shopify Inc earnings are expected to increase by 20.14% in 2025, but the outlook is positive 25.99% per year for the next five years.
Shopify Inc (NYSE:SHOP)’s Major holders
CAPITAL WORLD INVESTORS, with 3.7788% or 48.71 million shares worth $3.22 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Growth Fund of America Inc and Europacific Growth Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 30.28 shares worth $3.13 billion, making up 2.49% of all outstanding shares. On the other hand, Europacific Growth Fund held roughly 17.44 shares worth around $1.8 billion, which represents about 1.43% of the total shares outstanding.
