Shopify Inc Stock Forecast:
According to 39 analysts, the average target price for Shopify Inc over the next 12 months is USD 0.00, and the average analyst rating is Buy. Stock Target Advisor‘s analysis of the company is Slightly Bearish, based on 4 positive signals and 6 negative signals. The stock price of Shopify Inc was USD 45.35 at the last closing, representing a decrease of 4.89% over the past week, an increase of 9.38% over the past month, and a decrease of 24.82% over the last year.
Analysts Coverage Change:
- Robert W. Baird & Co. initiates an Outperform rating on Shopify Inc (SHOP:NYE).
- Needham & Company initiates a Hold rating on Shopify Inc.
Positive Fundamentals:
Shopify stock has a high market capitalization, making it one of the largest entities in its sector, and has shown superior risk-adjusted returns compared to its peers. The company has low debt, which makes it more flexible and less leveraged than its competitors. Additionally, Shopify has shown top-quartile revenue growth over the previous 5 years compared to its sector. However, it is important to stay updated on the news and the company’s growth potential.
Negative Fundamentals:
Investors have concerns about Shopify Inc. due to its high volatility, overpriced valuation compared to earnings and book value, negative cash flow and free cash flow, and low earnings growth compared to its sector over the past 5 years. This may suggest that the stock carries higher risk and may not be suitable for all investors.
FA Score (Fundamental Analysis):
The fundamental analysis of Shopify Inc. is “Slightly Bearish” with a FA score of 4 out of 10, where 0 is very bearish and 10 is very bullish.
About Shopify Inc.:
Shopify is a commerce company that provides a platform and services for merchants to display, manage, market, and sell their products through various sales channels. The platform enables merchants to manage their products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, and access financing. Shopify also offers custom themes and apps, domain name registration, and merchant solutions such as accepting payments and securing working capital. The company was founded in 2004 and is headquartered in Ottawa, Canada, with operations in various regions worldwide.
