ShopifySHOP
About: Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
Employees: 11,600
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
57% more first-time investments, than exits
New positions opened: 155 | Existing positions closed: 99
27% more call options, than puts
Call options by funds: $3.08B | Put options by funds: $2.41B
14% more capital invested
Capital invested by funds: $58.9B [Q2] → $67B (+$8.15B) [Q3]
10% more funds holding in top 10
Funds holding in top 10: 30 [Q2] → 33 (+3) [Q3]
4% more funds holding
Funds holding: 1,179 [Q2] → 1,223 (+44) [Q3]
6% more repeat investments, than reductions
Existing positions increased: 451 | Existing positions reduced: 425
4.46% less ownership
Funds ownership: 73.51% [Q2] → 69.04% (-4.46%) [Q3]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Wedbush Scott Devitt 79% 1-year accuracy 44 / 56 met price target | 18%upside $125 | Outperform Upgraded | 6 Jan 2025 |
JMP Securities Andrew Boone 75% 1-year accuracy 68 / 91 met price target | 13%upside $120 | Market Outperform Reiterated | 12 Dec 2024 |
Loop Capital Anthony Chukumba 33% 1-year accuracy 7 / 21 met price target | 32%upside $140 | Buy Upgraded | 6 Dec 2024 |
MoffettNathanson Michael Morton 75% 1-year accuracy 3 / 4 met price target | 7%downside $99 | Neutral Maintained | 26 Nov 2024 |
Wells Fargo Andrew Bauch 74% 1-year accuracy 29 / 39 met price target | 13%upside $120 | Overweight Maintained | 13 Nov 2024 |
Financial journalist opinion
Based on 39 articles about SHOP published over the past 30 days
