Analyst Ratings Coverage
TD Securities (Rank#13) issued a research report on Shopify Inc. and maintained the “Hold” rating on the stock, with a $83 target for the next 12 month period.
SHOP Stock Analysis
The stock forecast for Shopify Inc, based on the analysis of 17 financial analysts, provides valuable insights for investors interested in this e-commerce and business solutions company. The consensus among these analysts suggests that the average target price for Shopify Inc over the next 12 months is anticipated to be CAD 83.45. This target price reflects the collective judgment of analysts regarding the company’s value and potential growth, making it an important reference for investors.
The average analyst rating for Shopify Inc is “Buy.” This rating indicates that, on average, analysts are positive about the company’s stock and recommend buying it. A “Buy” rating typically reflects a favorable outlook, suggesting that the stock may have growth potential in the eyes of analysts. However, individual investors should consider their own research and investment goals when making decisions.
Stock Target Advisor, an independent stock analysis platform, offers its own assessment of Shopify Inc’s stock. According to their analysis, the stock has a “Slightly Bearish” outlook. This outlook is generated based on a combination of signals, including both positive and negative indicators, providing an additional perspective for investors to consider.
As of the most recent closing, Shopify Inc’s stock was priced at CAD 67.66. It’s important to note that stock prices can be subject to rapid fluctuations due to various factors, such as market sentiment, economic conditions, and company-specific news.
Over the past week, Shopify Inc’s stock price increased by +1.14%. Short-term market movements can be influenced by events, news releases, and investor sentiment, and this recent performance reflects that.
Over the past month, the stock experienced a decline of -8.74%. This one-month performance can be influenced by broader market trends, economic conditions, and any specific developments related to the company or its industry.
Looking at the past year, Shopify Inc’s stock demonstrated strong growth, with an impressive increase of +42.65%. This performance over a 12-month period reflects the company’s ability to deliver value to shareholders and potentially indicates its competitiveness in the market.
Final Stock Analysis
The stock forecast for Shopify Inc, with an average target price of CAD 83.45 and a “Buy” rating from analysts, indicates positive sentiment about the company’s future prospects. Stock Target Advisor’s “Slightly Bearish” analysis offers an alternative perspective based on mixed signals. As always, individual investors should conduct their own research and align their investment decisions with their specific objectives and risk tolerance.
