Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) had its price objective boosted by DA Davidson to $110.00 in a research note published on Thursday morning. They currently have a neutral rating on the software maker’s stock. DA Davidson also issued estimates for Shopify Inc (US)’s Q4 2018 earnings at $0.01 EPS and FY2022 earnings at ($1.18) EPS.
A number of other research analysts have also issued reports on the company. Piper Jaffray Companies boosted their price target on Shopify Inc (US) from $110.00 to $120.00 in a research report on Tuesday, October 31st. Monness Crespi & Hardt upgraded Shopify Inc (US) from a neutral rating to a buy rating and set a $125.00 price target for the company in a research report on Friday, October 27th. BidaskClub upgraded Shopify Inc (US) from a hold rating to a buy rating in a research report on Wednesday, October 25th. KeyCorp reiterated a buy rating and set a $116.00 price target on shares of Shopify Inc (US) in a research report on Wednesday, November 1st. Finally, Roth Capital boosted their price target on Shopify Inc (US) from $117.00 to $119.00 and gave the stock a buy rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $108.01.
Shopify Inc (NYSE:SHOP) traded down $2.07 during trading hours on Thursday, reaching $116.44. The company had a trading volume of 1,123,750 shares, compared to its average volume of 1,294,898. Shopify Inc has a twelve month low of $54.30 and a twelve month high of $131.16. The firm has a market cap of $11,760.00 and a price-to-earnings ratio of -237.63. The company has a quick ratio of 10.64, a current ratio of 10.64 and a debt-to-equity ratio of 0.02.
About Shopify Inc (US)
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.
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