Shopify (NASDAQ:SHOP – Get Free Report) TSE: SHOP was upgraded by Rosenblatt Securities to a “strong-buy” rating in a report released on Wednesday,<a href="http://www.zacks.com/" rel="nofollow noopener" target=”_blank”>Zacks.com reports.
- Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus set a $150.00 price target on Shopify and gave the stock a “buy” rating in a research note on Thursday, July 9th. Seaport Research Partners restated a “buy” rating and set a $175.00 target price on shares of Shopify in a report on Monday. Weiss Ratings raised shares of Shopify from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Morgan Stanley lowered shares of Shopify from an “overweight” rating to a “buy” rating in a research note on Monday, July 13th. Finally, Zacks Research cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $170.84.
Get Our Latest Analysis on Shopify
Shopify Price Performance
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
SHOP stock opened at $147.18 on Wednesday. Shopify has a 1 year low of $94.00 and a 1 year high of $182.19. The company has a market cap of $189.37 billion, a P/E ratio of 99.45, a PEG ratio of 2.99 and a beta of 2.58. The firm has a 50-day moving average of $125.96 and a 200 day moving average of $120.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35.
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