Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
CanadaIPO:
20 May 2015Website:
http://www.shopify.comNext earnings report:
02 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:58:50 GMTDividend
Analysts recommendations
Institutional Ownership
Included in screeners
SHOP Latest News
Zacks.com users have recently been watching Shopify (SHOP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The latest trading day saw Shopify (SHOP) settling at $65.45, representing a +1.03% change from its previous close.
In a bid to bolster its online sales and further compete with fellow omnichannel giant Walmart (WMT) and Amazon (AMZN), Target (TGT) announced a partnership with Shopify (SHOP) on Monday to enhance its e-commerce marketplace.
Buying stocks on a pullback, rather than chasing at new highs, is what's coined as a “Buy-the-dip” strategy. Usually, this strategy pays off long term, but in some cases, the payoff can be immediate when the market senses a bargain too good to last.
Shopify's stock price crashed after a disappointing sales forecast but has since shown signs of recovery. SHOP's merchant solutions segment is a key revenue driver, poised to benefit from the growing global eCommerce market. Despite concerns about profitability, the Company's consistent sales growth and potential for re-rating to $90 make it a compelling long-term investment.
E-commerce spending is set to explode in the coming years, while the world of lending is rapidly evolving. Shopify is working to slash costs, and it's still facing some lingering expenses from getting rid of its logistics business, but growth is steadily on the upswing.
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Shopify (SHOP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Shares of e-commerce company Shopify Inc SHOP are trading higher after Evercore ISI analyst Mark Mahaney upgraded the stock from In-Line to Outperform rating and announced a price target of $75.
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What type of business is Shopify?
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping and fulfillment, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
What sector is Shopify in?
Shopify is in the Technology sector
What industry is Shopify in?
Shopify is in the Software Application industry
What country is Shopify from?
Shopify is headquartered in Canada
When did Shopify go public?
Shopify initial public offering (IPO) was on 20 May 2015
What is Shopify website?
https://www.shopify.com
Is Shopify in the S&P 500?
No, Shopify is not included in the S&P 500 index
Is Shopify in the NASDAQ 100?
No, Shopify is not included in the NASDAQ 100 index
Is Shopify in the Dow Jones?
No, Shopify is not included in the Dow Jones index
When does Shopify report earnings?
The next expected earnings date for Shopify is 02 August 2024