Shopify (TSE:SHOP) PT Raised to C$95.00

Posted by on Aug 5th, 2023

Shopify (TSE:SHOP – Get Free Report) had its price target boosted by equities research analysts at ATB Capital from C$90.00 to C$95.00 in a report released on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s price target would indicate a potential upside of 22.55% from the company’s previous close.

Shopify Price Performance

Shares of TSE SHOP opened at C$77.52 on Thursday. Shopify has a twelve month low of C$33.00 and a twelve month high of C$93.83. The company has a current ratio of 6.71, a quick ratio of 5.74 and a debt-to-equity ratio of 16.54. The company has a market capitalization of C$93.02 billion, a price-to-earnings ratio of -40.59, a price-to-earnings-growth ratio of 1.83 and a beta of 2.04. The business has a 50 day simple moving average of C$84.53 and a 200-day simple moving average of C$72.07.

About Shopify

(Get Free Report)

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.

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