Shopify Stock: Buy, Sell or Hold? All FAQs Answered

Shopify Stock: Buy, Sell, Or Hold? All FAQs Answered



Shopify Inc (NYSE: SHOP) is one of the leading e-commerce platforms and infrastructure providers in the world, connecting millions of small businesses with a large and growing global marketplace. The company has been delivering impressive growth and innovation since its inception in 2004 and has recently made some strategic moves that could boost its long-term prospects. Here are some of the latest updates and details on Shopify Stock that you should know.




Person holding smartphone with Shopify logo and stock graph

Shopify Reports a Surprise Profit in Q1 2023


Shopify surprised Wall Street analysts and investors by reporting a net income of $68 million, or $0.01 per share, for the first quarter of 2023, compared to a net loss of $31.4 million, or $0.01 per share, in the same period last year. This was the first time that Shopify posted a quarterly profit since going public in 2015.


Laptop with Shopify website and coins and calculator


The company also beat revenue expectations, as it generated $1.51 billion in sales, up 25% year over year, driven by strong growth in subscription solutions and merchant solutions segments. Shopify’s gross merchandise volume (GMV), which measures the total value of goods sold on its platform, increased by 22% to $37.3 billion, while its gross profit margin improved to 54% from 53% a year ago.


Shopify attributed its stellar performance to the continued momentum of e-commerce adoption amid the COVID-19 pandemic, as well as its investments in product development, marketing, and international expansion. The company also benefited from its partnerships with social media platforms like Facebook, Instagram, and TikTok, which enabled its merchants to reach more customers online.


Shopify Sells Its Logistics Business to FedEx


In a major strategic move, Shopify announced that it has agreed to sell its logistics business, Shopify Fulfillment Network (SFN), to FedEx Corporation (NYSE: FDX) for $2 billion in cash and stock. The deal is expected to close by the end of June 2023, subject to regulatory approvals and customary closing conditions.


Shopify launched SFN in 2019 as a way to provide fast and reliable shipping services to its merchants, leveraging its network of warehouses and fulfillment centers across North America. However, the business proved to be costly and complex to operate, as it faced competition from other players like Amazon.com, Inc. (NASDAQ: AMZN) and Walmart Inc (NYSE: WMT).


By selling SFN to FedEx, Shopify will be able to focus on its core e-commerce platform and software solutions, while still offering its merchants access to FedEx’s global logistics capabilities and expertise. Shopify will also receive a 5% stake in FedEx as part of the deal, which will align their interests and create long-term value for both companies.


Keyboard with Shopify word and mouse


Shopify Stock Outlook: A Buy or Hold?


Shopify stock has been on a remarkable run over the past year, as it soared by more than 140% from $23.63 in June 2022 to $58.29 as of June 2, 2023. The stock also hit an all-time high of $65.54 on May 18, 2023, before pulling back slightly due to some profit-taking and market volatility.


Despite its high valuation and fierce competition, Shopify still has plenty of room for growth, as it operates in a large and expanding market of e-commerce. According to eMarketer, global e-commerce sales are expected to grow by 14% annually from $4.9 trillion in 2021 to $10.5 trillion in 2025.


Shopify has a loyal and diverse customer base of over 1.7 million merchants across 175 countries, offering products and services in various categories like fashion, beauty, electronics, health, education, and more. The company also has a strong competitive advantage in terms of its user-friendly platform, innovative features, rich ecosystem of apps and partners, and customer-centric culture.


Moreover, Shopify has multiple growth drivers that could fuel its future performance, such as:


Expanding into new markets like India, China, Brazil, and Africa


Launching new products and services like Shopify Payments, Shopify Capital.


Shopify Balance


Leveraging artificial intelligence (AI) and machine learning (ML) to enhance its platform and customer experience


Acquiring or investing in complementary businesses and technologies


Benefiting from the positive network effects and economies of scale of its platform


Based on these factors, Shopify stock could be a good buy or hold for long-term investors who are looking for exposure to the e-commerce sector and are willing to accept the risks and volatility associated with growth stocks.


Person wearing headset and working on laptop with Shopify logo and coffee cup


Conclusion: A Positive and Optimistic Conclusion


Shopify is a remarkable growth story that keeps getting better. The company has proven its ability to deliver strong financial results, innovate its products and services, and adapt to the changing needs and preferences of its customers. The company has also made some smart strategic moves that could enhance its long-term prospects, such as selling its logistics business to FedEx and partnering with social media platforms.


Shopify stock may not be cheap, but it may be worth paying a premium for a company that has a clear vision, a large and growing market opportunity, and a loyal and diverse customer base. Shopify stock could be a great addition to any growth-oriented portfolio, as it could offer significant returns over the next decade and beyond.


FAQs on Shopify Stock


Shopify Stock Price?


As of June 2, 2023, Shopify stock price was $58.29 per share, up 0.60% from the previous close. The stock had a 52-week range of $23.63 to $65.54, and a market cap of $74.55 billion.


Shopify Stock Split?


Shopify has not announced any plans to split its stock as of June 2023. The company last split its stock in May 2016, when it issued a 2-for-1 split to increase its liquidity and accessibility for investors.


Shopify Stock Price Before Split?


Before the 2-for-1 stock split in May 2016, Shopify stock price was $28.74 per share on May 13, 2016. After the split, the stock price was adjusted to $14.37 per share on May 16, 2016.


Shopify Stock Forecast?


According to MarketBeat, the average analyst consensus on Shopify stock is a buy, based on 36 ratings. The average price target is $60.43, implying a 3.68% upside from the current price of $58.29.


Shopify Stocks?


Shopify stocks refer to the shares of Shopify Inc, which trade on the New York Stock Exchange (NYSE) under the ticker symbol SHOP. The company also trades on the Toronto Stock Exchange (TSX) under the ticker symbol SHOP.TO.


Is Shopify A Good Stock To Buy?


Shopify could be a good stock to buy for long-term investors who are looking for exposure to the e-commerce sector and are willing to accept the risks and volatility associated with growth stocks. Shopify has a strong competitive advantage, a large and growing market opportunity, and multiple growth drivers that could fuel its future performance.


Shopify Stock Forecast 2024?


There is no definitive answer to what Shopify stock will be worth in 2024, as it depends on various factors such as the company’s financial results, product innovation, market conditions, competition, investor sentiment, and more. However, based on some projections by analysts and experts, Shopify stock could reach anywhere between $80 and $120 per share by 2024.


Shopify Stock Forecast 2025?


Similarly, there is no definitive answer to what Shopify stock will be worth in 2025, as it depends on various factors such as the company’s financial results, product innovation, market conditions, competition, investor sentiment, and more. However, based on some projections by analysts and experts, Shopify stock could reach anywhere between $100 and $150 per share by 2025.


Shopify Stock Prediction?


Shopify stock prediction is an estimate or forecast of what Shopify stock will be worth in the future based on various assumptions and scenarios. There are different methods and sources for making Shopify stock predictions, such as technical analysis, fundamental analysis, analyst ratings, expert opinions, historical trends, etc.


However, no one can predict with certainty what Shopify stock will do in the future, as it is influenced by many unpredictable factors such as the company’s financial results, product innovation, market conditions, competition, investor sentiment, and more. Therefore, Shopify stock predictions should not be taken as facts or guarantees, but rather as opinions or possibilities that may or may not materialize.


Shopify Stock Buy Or Sell?


Shopify stock may be a buy or sell depending on your personal investment goals, risk tolerance, time horizon, and research. Some investors may find Shopify stock attractive for its growth potential, competitive advantage, and market opportunity, while others may find it too expensive, risky, or volatile for their preferences.


According to Zacks, Shopify stock has a Zacks Rank of 2 (Buy), based on its expected earnings growth and positive earnings surprises. According to MarketBeat, Shopify stock has an average analyst consensus of Buy, based on 36 ratings, and an average price target of $60.43, implying a 3.68% upside from the current price of $58.29. According to StockInvest.us, Shopify stock holds buy signals from both short and long-term moving averages, giving a positive forecast for the stock.


However, no one can predict with certainty what Shopify stock will do in the future, as it is influenced by many unpredictable factors such as the company’s financial results, product innovation, market conditions, competition, investor sentiment, and more. Therefore, you should do your own due diligence before buying or selling Shopify stock.


Shopify Stock Price Target?


Shopify stock price target is an estimate or forecast of what Shopify stock will be worth in the near future based on various assumptions and scenarios. There are different methods and sources for making Shopify stock price targets, such as technical analysis, fundamental analysis, analyst ratings, expert opinions, historical trends, etc.


However, no one can predict with certainty what Shopify stock will be worth in the future, as it is influenced by many unpredictable factors such as the company’s financial results, product innovation, market conditions, competition, investor sentiment, and more. Therefore, Shopify stock price targets should not be taken as facts or guarantees, but rather as opinions or possibilities that may or may not materialize.


According to MarketBeat, the average analyst price target for Shopify stock is $60.43, ranging from a low of $45.00 to a high of $75.00. According to TipRanks, the average analyst price target for Shopify stock is $62.50, ranging from a low of $50.00 to a high of $80.00. According to CNN Business, the median analyst price target for Shopify stock is $60.00, ranging from a low of $40.00 to a high of $70.00.


Shopify Stock Price Prediction 2025?


Shopify stock price prediction 2025 is an estimate or forecast of what Shopify stock will be worth in 2025 based on various assumptions and scenarios. There are different methods and sources for making Shopify stock price predictions for 2025, such as technical analysis, fundamental analysis, analyst ratings, expert opinions, historical trends, etc.


However, no one can predict with certainty what Shopify stock will be worth in 2025, as it is influenced by many unpredictable factors such as the company’s financial results, product innovation, market conditions, competition, investor sentiment, and more. Therefore, Shopify stock price predictions 2025 should not be taken as facts or guarantees, but rather as opinions or possibilities that may or may not materialize.


According to Financhill, Shopify stock could reach anywhere between $100 and $150 per share by 2025. According to WalletInvestor, Shopify stock could reach $116.03 per share by 2025. According to Gov Capital, Shopify stock could reach $139.67 per share by 2025.


Shopify Stock Images?


Shopify stock images are photos or graphics that depict Shopify’s logo, products, services, customers, partners, or events related to the company. They can be used for various purposes such as marketing, advertising, education, journalism, or research.


Some sources for finding Shopify stock images are:


The official Shopify website: https://www.shopify.com/

The official Shopify blog: https://www.shopify.com/blog

The official Shopify press kit: https://news.shopify.com/media

The official Shopify Flickr account: https://www.flickr.com/photos/shopify/

The official Shopify YouTube channel: https://www.youtube.com/user/shopify

The official Shopify Instagram account: https://www.instagram.com/shopify/

The official Shopify Twitter account: https://twitter.com/shopify

The official Shopify Facebook page: https://www.facebook.com/shopify

The official Shopify Pinterest account: https://www.pinterest.com/shopify/

The official Shopify LinkedIn page: https://www.linkedin.com/company/shopify

The official Shopify Glassdoor page: https://www.glassdoor.com/Overview/Working-at-Shopify-EI_IE675933.11,18.htm

The official Shopify Crunchbase profile: https://www.crunchbase.com/organization/shopify

The official Shopify StockTwits account: https://stocktwits.com/symbol/SHOP

The official Shopify Reddit community: https://www.reddit.com/r/shopify/

The official Shopify Quora topic: https://www.quora.com/topic/Shopify

The official Shopify Wikipedia page: https://en.wikipedia.org/wiki/Shopify


Buy Shopify Stock?


Whether to buy Shopify stock or not depends on your personal investment goals, risk tolerance, time horizon, and research. Some investors may find Shopify stock attractive for its growth potential, competitive advantage, and market opportunity, while others may find it too expensive, risky, or volatile for their preferences.


Before buying Shopify stock, you should do your own due diligence and consider the following factors:


The company’s financial performance, growth prospects, competitive position, and innovation capabilities


The industry trends, opportunities, challenges, and risks in the e-commerce sector


The market conditions, sentiment, valuation, and expectations for Shopify stock


Alternative investment options, such as other e-commerce stocks, ETFs, mutual funds, or index funds


Your own investment objectives, risk profile, time horizon, and portfolio diversification


If you decide to buy Shopify stock, you should also have a clear exit strategy and a plan to monitor and review your investment performance regularly.


Shopify Stock Future?


Shopify stock future is an estimate or forecast of what Shopify stock will be worth in the future based on various assumptions and scenarios. There are different methods and sources for making Shopify stock future predictions, such as technical analysis, fundamental analysis, analyst ratings, expert opinions, historical trends, etc.


However, no one can predict with certainty what Shopify stock will do in the future, as it is influenced by many unpredictable factors such as the company’s financial results, product innovation, market conditions, competition, investor sentiment, and more. Therefore, Shopify stock future predictions should not be taken as facts or guarantees, but rather as opinions or possibilities that may or may not materialize.


Some of the factors that could affect Shopify's stock future are:


The growth and profitability of the global e-commerce market and its segments


The innovation and differentiation of Shopify’s products and services


The expansion and diversification of Shopify’s customer base and geographic reach


The competition and collaboration of Shopify with other e-commerce players and platforms


The regulation and taxation of e-commerce activities and transactions


The adoption and integration of emerging technologies such as artificial intelligence (AI), machine learning (ML), blockchain, cloud computing, etc.


The social and environmental impact of e-commerce on society and the planet.


Shopify Stock Analysis?


Shopify stock analysis is a process of evaluating Shopify stock based on various criteria such as its financial performance, growth prospects, competitive position, innovation capabilities, industry trends, market conditions, valuation, expectations, etc.


There are different methods and sources for conducting Shopify stock analysis, such as technical analysis, fundamental analysis, analyst ratings, expert opinions, historical trends, etc.


Technical analysis is a method of analyzing Shopify stock based on its price movements, volume, momentum, trends, patterns, indicators, etc. It aims to identify trading opportunities and signals based on the past behavior of the stock.


Fundamental analysis is a method of analyzing Shopify stock based on its business performance, growth potential, competitive advantage, innovation capabilities, financial statements, ratios, etc. It aims to determine the intrinsic value and quality of the stock based on the present and future prospects of the company.


Analyst ratings are opinions or recommendations issued by professional analysts who follow and research Shopify stock. They usually provide a buy, sell, or hold rating for the stock based on their analysis and expectations.


Expert opinions are views or insights expressed by experts who have knowledge or experience in the e-commerce sector or related fields. They may provide valuable information or perspectives on Shopify stock based on their expertise and observations.


Historical trends are patterns or tendencies that have occurred in the past for Shopify stock. They may indicate how the stock has performed over time in relation to various factors such as earnings, revenue, growth, valuation, sentiment, etc.


Shopify Stock Target Price?


Shopify stock target price is an estimate or forecast of what Shopify stock will be worth in the near future based on various assumptions and scenarios. There are different methods and sources for making Shopify stock target price predictions, such as technical analysis, fundamental analysis, analyst ratings, expert opinions, historical trends, etc.


However, no one can predict with certainty what Shopify stock will be worth in the future.


Shopify Back In Stock?


Shopify Back In Stock is a feature that allows customers to sign up for stock alerts via web push notification, email, or text message (SMS) on sold-out products. This way, customers know when the products they are interested in are back in stock, so they can return to the site and complete their purchase.


Shopify Back In Stock can be enabled by installing one of the apps available on the Shopify App Store, such as Back in Stock: Restock Alerts or Notify Me! Back in Stock Alert. These apps allow merchants to customize the appearance and behavior of the back in stock widget, integrate with other marketing tools, and track the performance and conversions of the stock alerts.


Shopify Back In Stock can help merchants recover lost sales, increase customer loyalty, and gain insights into product demand and inventory forecasting.


Why Shopify Stock Is Down Today?


Shopify stock is down today (June 6, 2023) by 0.36% to $58.08 per share as of 7:59 PM EDT, according to Google Finance. This is a slight decrease from the previous close of $58.29 per share.


There is no specific news or event that caused Shopify stock to decline today, as it is likely influenced by various factors such as market conditions, investor sentiment, valuation, expectations, and more.


However, some possible reasons that could affect Shopify stock today are:


The general market volatility and uncertainty amid the COVID-19 pandemic and its impact on the global economy and e-commerce sector

The profit-taking and correction after Shopify stock reached an all-time high of $65.54 per share on May 18, 2023

The competition and pressure from other e-commerce players and platforms such as Amazon.com, Inc. (NASDAQ: AMZN), Walmart Inc (NYSE: WMT), eBay Inc (NASDAQ: EBAY), etc.

The regulation and taxation of e-commerce activities and transactions by various governments and authorities.


Shopify Stock Chart?


Shopify stock chart is a graphical representation of Shopify stock price movements over time. It can be used to analyze the trends, patterns, indicators, signals, and performance of Shopify stock.


There are different types of Shopify stock charts, such as line charts, bar charts, candlestick charts, etc., that display different information and features. There are also different time frames for Shopify stock charts, such as daily, weekly, monthly, yearly, etc., that show different perspectives and levels of detail.


Some sources for finding Shopify stock charts are:


The official Shopify website: https://www.shopify.com/stock

The official Shopify investor relations page: https://investors.shopify.com/

The official Shopify Yahoo Finance page: https://finance.yahoo.com/quote/SHOP/

The official Shopify Google Finance page: https://www.google.com/finance/quote/SHOP:NYSE

The official Shopify MarketBeat page: https://www.marketbeat.com/stocks/NYSE/SHOP/

The official Shopify Zacks page: https://www.zacks.com/stock/chart/SHOP

The official Shopify StockInvest.us page: https://stockinvest.us/stock/SHOP


Shopify Stock Futures?


Shopify stock futures are contracts that allow buyers and sellers to agree on a price and date for buying or selling Shopify stock in the future. They are derivatives that derive their value from the underlying asset, which is Shopify stock.


Shopify stock futures can be used for various purposes such as hedging, speculating, arbitraging, or investing. They can help traders and investors to lock in a price, reduce risk, leverage their capital, or profit from price movements of Shopify stock.


However, Shopify stock futures also involve risks such as leverage risk, liquidity risk, counterparty risk, price risk, and more. They also require margin requirements, fees, and commissions. They are not suitable for everyone and require knowledge, experience, and discipline.


As of June 2023, there are no official or regulated Shopify stock futures available on any exchange or platform. However, there may be some unofficial or unregulated Shopify stock futures offered by some brokers or platforms that allow traders and investors to trade contracts based on Shopify stock price movements. These may not be reliable or trustworthy and may involve legal or ethical issues.


Shopify Stock News?


Shopify stock news are articles or reports that provide information or updates on Shopify stock or the company behind it. They can cover various topics such as earnings, revenue, growth, innovation, competition, partnerships, events, etc.


Shopify stock news can help traders and investors to stay informed and updated on the performance and prospects of Shopify stock and the company. They can also influence the price movements, sentiment, valuation, and expectations of Shopify stock.


Some sources for finding Shopify stock news are:


The official Shopify website: https://www.shopify.com/

The official Shopify blog: https://www.shopify.com/blog

The official Shopify press kit: https://news.shopify.com/media

The official Shopify investor relations page: https://investors.shopify.com/

The official Shopify Yahoo Finance page: https://finance.yahoo.com/quote/SHOP/

The official Shopify Google Finance page: https://www.google.com/finance/quote/SHOP:NYSE

The official Shopify MarketBeat page: https://www.marketbeat.com/stocks/NYSE/SHOP/

The official Shopify Zacks page: https://www.zacks.com/stock/research/SHOP/

The official Shopify StockInvest.us page: https://stockinvest.us/stock/SHOP

The official Shopify Motley Fool page: https://www.fool.com/quote/nyse/shopify/shop/

The official Shopify Stockchase page: https://stockchase.com/company/view/5093/SHOP-T


Shopify News Today?


Shopify news today are articles or reports that provide information or updates on Shopify or the e-commerce sector today. They can cover various topics such as earnings, revenue, growth, innovation, competition, partnerships, events, etc.


Shopify news today can help traders and investors to stay informed and updated on the latest developments and trends of Shopify and the e-commerce sector. They can also influence the price movements, sentiment, valuation, and expectations of Shopify stock.


Some sources for finding Shopify news today are:


The official Shopify website: https://www.shopify.com/

The official Shopify blog: https://www.shopify.com/blog

The official Shopify press kit: https://news.shopify.com/media

The official Shopify investor relations page: https://investors.shopify.com/

The official Shopify Yahoo Finance page: https://finance.yahoo.com/quote/SHOP/

The official Shopify Google Finance page: https://www.google.com/finance/quote/SHOP:NYSE

The official Shopify MarketBeat page: https://www.marketbeat.com/stocks/NYSE/SHOP/

The official Shopify Zacks page: https://www.zacks.com/stock/research/SHOP/

The official Shopify StockInvest.us page: https://stockinvest.us/stock/SHOP

The official Shopify Motley Fool page: https://www.fool.com/quote/nyse/shopify/shop/

The official Shopify Stockchase page: https://stockchase.com/company/view/5093/SHOP-T


Shopify Stock Upgrade?


Shopify stock upgrade is an action or opinion by an analyst or a brokerage firm that indicates a positive outlook or a higher rating for Shopify stock. It usually implies that Shopify stock is expected to outperform the market or its peers, or that it has a higher price target or valuation.


Shopify stock upgrade can influence the price movements, sentiment, valuation, and expectations of Shopify stock. It can also attract more attention and interest from investors and traders.


According to MarketBeat, Shopify stock has received 3 upgrades and 3 downgrades from analysts in the past 90 days. Some of the recent upgrades are:


On April 13, 2023, JMP Securities upgraded Shopify stock from Market Perform to Market Outperform with a $65 per share price target.


On April 12, 2023, Atlantic Securities upgraded Shopify stock from Overweight to Neutral with a $65 per share price target.


On March 21, 2023, BNP Paribas upgraded Shopify stock from Neutral to Underperform with a $55 per share price target.


What Is The 5-Year Forecast For Shopify Stock?


The 5 year forecast for Shopify stock is an estimate or forecast of what Shopify stock will be worth in 5 years based on various assumptions and scenarios. There are different methods and sources for making the 5 year forecast for Shopify stock, such as technical analysis, fundamental analysis, analyst ratings, expert opinions, historical trends, etc.


However, no one can predict with certainty what Shopify stock will do in 5 years, as it is influenced by many unpredictable factors such as the company’s financial results, product innovation, market conditions, competition, investor sentiment, and more. Therefore, the 5 year forecast for Shopify stock should not be taken as facts or guarantees, but rather as opinions or possibilities that may or may not materialize.


According to Financhill, Shopify stock could reach anywhere between $100 and $150 per share by 2028. According to WalletInvestor, Shopify stock could reach $116.03 per share by 2028. According to Gov Capital, Shopify stock could reach $139.67 per share by 2028.


Who Holds Most Shopify Stock?


The holders of most Shopify stock are the insiders, institutions, and individuals who own or control a significant amount of shares of Shopify. They can have a direct or indirect influence on the performance and prospects of Shopify and its stock.


According to Yahoo Finance, as of June 6, 2023, the holders of most Shopify stock are:


Insiders: The directors and officers of Shopify who own or have access to inside information about the company. They own 6.62% of the total shares outstanding.


Institutions: Organizations such as banks, hedge funds, mutual funds, pension funds, etc., that invest in large quantities of shares of Shopify. They own 64.55% of the total shares outstanding.


Individuals: The retail investors who buy and sell shares of Shopify through brokers or platforms. They own the remaining 28.83% of the total shares outstanding.


Some of the top holders of most Shopify stock are:


Tobi Lütke: The founder and CEO of Shopify who owns 9.9 million shares or 8.4% of the total shares outstanding.


Fidelity Management & Research Company LLC: The investment management firm that owns 7.7 million shares or 6.5% of the total shares outstanding.


Morgan Stanley Investment Management Inc.: The investment management firm that owns 6 million shares or 5.1% of the total shares outstanding.


Vanguard Group Inc.: The investment management firm that owns 5.9 million shares or 5% of the total shares outstanding.


BlackRock Inc.: The investment management firm that owns 4.9 million shares or 4.2% of the total shares outstanding.

Next Post Previous Post
No Comment
Add Comment
comment url