Shopify (SHOP) Projected to Post Quarterly Earnings on Tuesday

Shopify (NYSE:SHOP) (TSE:SHOP) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $2.73 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Shopify Price Performance

Shares of NYSE SHOP opened at $114.38 on Tuesday. The stock has a market cap of $147.79 billion, a price-to-earnings ratio of 106.90, a PEG ratio of 2.46 and a beta of 2.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.10 and a current ratio of 7.10. Shopify has a fifty-two week low of $48.56 and a fifty-two week high of $122.00. The firm’s 50-day simple moving average is $110.36 and its 200 day simple moving average is $88.97.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays increased their price target on Shopify from $70.00 to $93.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Mizuho raised their target price on Shopify from $68.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Wells Fargo & Company boosted their price target on shares of Shopify from $90.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Oppenheimer raised their price objective on shares of Shopify from $90.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $130.00 target price on shares of Shopify in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $100.32.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, 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.