Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company's platform provides merchants to run their business in 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, and access financing. It also sells custom themes and apps, and registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.
IPO Year: 2015
Exchange: NYSE
Website: shopify.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/10/2025 | $115.00 | Neutral | New Street |
1/6/2025 | $115.00 → $125.00 | Neutral → Outperform | Wedbush |
12/6/2024 | $110.00 → $140.00 | Hold → Buy | Loop Capital |
11/21/2024 | Hold → Sell | DZ Bank | |
9/17/2024 | $99.00 | Neutral → Buy | Redburn Atlantic |
9/5/2024 | $70.00 | Neutral | Cantor Fitzgerald |
8/9/2024 | Hold → Sell | DZ Bank | |
7/25/2024 | $80.00 | Overweight | KeyBanc Capital Markets |
7/16/2024 | $80.00 | Outperform | Wolfe Research |
7/16/2024 | $78.00 → $82.00 | Neutral → Buy | BofA Securities |
Transaction Enhances Cash Available to Invest in Profitable Growth Opportunities Total purchase price of $500,000, including $350,000 cash on closing, and a $150,000 seller note, payable to EMERGE in cash over 15 equal monthly installmentsCarnivore Club was a non-core asset, and EMERGE was actively eliminating its revenue in 2024, while prioritizing the growth of our larger, more profitable businessesExcluding Carnivore Club, the EMERGE portfolio exhibited strong organic revenue growth and significantly improved profitability in 2024 YTDTransaction bolsters EMERGE's cash position which exceeded $3M at year-end, following the sale of the Company's SHOP domains to ShopifyEMERGE remains focuse
TORONTO, Jan. 7, 2025 /CNW/ - EMERGE Commerce Ltd. (TSXV:ECOM) ("EMERGE" or the "Company"), a premium e-commerce brand portfolio, announced the sale of its premium web domains, Shop.ca and Shop.us, to Shopify Inc. (NYSE:SHOP), for US$375,000, or approximately CA$536,000. Following the transaction, the Shop domains now automatically re-direct traffic to Shopify's Shop App. Ghassan Halazon, founder and CEO, EMERGE commented, "The Shop domains had been idle and non-revenue generating in recent years under EMERGE ownership. As such, management felt that monetizing these dormant domains via a sale to Shopify, in return for non-dilutive cash proceeds to fund future growth plans made perfect sense
Internet, Everywhere--(Newsfile Corp. - November 12, 2024) - Shopify Inc. ((NYSE, TSX:SHOP), a leading commerce technology company announced today financial results for the quarter ended September 30, 2024."Q3 was outstanding, further establishing Shopify as a leader in powering commerce anywhere, anytime. Our unified commerce platform is becoming the go-to choice for merchants of all sizes," said Harley Finkelstein, President of Shopify. "As the busiest shopping season of the year for our merchants approaches, they trust Shopify to provide the tools, unmatched speed, and reliability to maximize their success."Jeff Hoffmeister, Chief Financial Officer of Shopify, said, "Shopify achieved 26%
Six-Member Slate Possesses Necessary Software, Legal Technology, Operations and Capital Allocation Experience to Oversee a Value-Enhancing Turnaround Believes Significant Boardroom Change is Warranted Following Years of Disappointing Shareholder Returns, Value-Destructive M&A, High Employee Turnover, Inappropriate Executive Compensation and Anti-Shareholder Actions Upcoming Annual Meeting Provides Opportunity for Shareholders to Elect Leaders Who Will Hold Management Accountable, Close Dye & Durham's Valuation Gap and Restore Trust with Company Stakeholders Engine Capital LP (together with its affiliates, "Engine" or "we"), which owns approximately 7.1% of the issued and outstanding comm
Internet, Everywhere--(Newsfile Corp. - October 22, 2024) - Shopify Inc. ((NYSE, TSX:SHOP) plans to announce financial results for its third quarter, which ended September 30, 2024, before markets open on Tuesday, November 12, 2024.Shopify's management team will host a conference call to discuss the third-quarter results at 8:30 a.m. ET on Tuesday, November 12, 2024. The conference call will be available via webcast on the investor relations section of Shopify's website at https://investors.shopify.com/news-and-events/.An archived replay of the webcast will be available following the conclusion of the call.About ShopifyShopify is the leading global commerce company that provides essential in
Internet, Everywhere--(Newsfile Corp. - September 6, 2024) - Shopify Inc. ((NYSE, TSX:SHOP), announced today that Tobias Lütke, Shopify's Chief Executive Officer, has adopted an automatic securities disposition plan ("ASDP"), in accordance with securities laws and Shopify's internal policies, with sales of Class A Subordinate Voting Shares ("Class A Shares") under the plan eligible to commence on or after September 17, 2024. The Ontario Securities Commission issued a decision exempting Mr. Lütke from the prospectus requirements under Canadian securities legislation with respect to sales of Class A Shares under the ASDP. This announcement is made pursuant to the requirements of that decision.
Revenue up 21%, and up 25% Adjusting for the Sale of Our Logistics Businesses;Gross Profit up 25% Year Over Year;Free Cash Flow Margin More Than Doubled Year Over Year to 16% Internet, Everywhere--(Newsfile Corp. - August 7, 2024) - Shopify Inc. ((NYSE, TSX:SHOP), announced today financial results for the quarter ended June 30, 2024."Our Q2 results make it clear: Shopify is rapidly strengthening its position as a leading enabler of global commerce and entrepreneurship," said Harley Finkelstein, President of Shopify. "More and more merchants across the world are putting their trust in Shopify's unified commerce operating system to fuel growth and simplify complex operations. We're fully commi
Internet, Everywhere--(Newsfile Corp. - July 17, 2024) - Shopify Inc. ((NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce, plans to announce financial results for its second quarter, which ended June 30, 2024, before markets open on Wednesday, August 7, 2024. Shopify's management team will host a conference call to discuss the second-quarter results at 8:30 a.m. ET on Wednesday, August 7, 2024. The conference call will be available via webcast on the investor relations section of Shopify's website at https://investors.shopify.com/news-and-events/.An archived replay of the webcast will be available following the conclusion of the call.About ShopifyShopify is the le
Internet, Everywhere--(Newsfile Corp. - June 5, 2024) - Shopify Inc. ((NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce, announced today the results of its annual meeting of shareholders (the "Meeting") held on June 4, 2024. All director nominees were elected to the Board of Directors and PricewaterhouseCoopers LLP were appointed as the Company's auditors. Shareholders approved the third amendment and restatement of the Company's Long Term Incentive Plan and approved all unallocated awards under the Company's Long Term Incentive Plan and Stock Option Plan, as amended. In addition, shareholders approved the advisory resolution on the Company's approach to executiv
SEATTLE, May 13, 2024 /PRNewswire/ -- Avalara, Inc., a leading provider of cloud-based tax compliance automation for businesses of all sizes, today announced that it has expanded its partnership with Shopify Inc. ((NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce, by joining the Shopify Tax Platform. Through the expanded partnership, Shopify merchants of any size can easily manage and automate global tax compliance with Avalara. "With Avalara joining as a Shopify Tax Platform Partner, we are able to address the unique compliance requirements of bus
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Internet, Everywhere--(Newsfile Corp. - November 12, 2024) - Shopify Inc. ((NYSE, TSX:SHOP), a leading commerce technology company announced today financial results for the quarter ended September 30, 2024."Q3 was outstanding, further establishing Shopify as a leader in powering commerce anywhere, anytime. Our unified commerce platform is becoming the go-to choice for merchants of all sizes," said Harley Finkelstein, President of Shopify. "As the busiest shopping season of the year for our merchants approaches, they trust Shopify to provide the tools, unmatched speed, and reliability to maximize their success."Jeff Hoffmeister, Chief Financial Officer of Shopify, said, "Shopify achieved 26%
Internet, Everywhere--(Newsfile Corp. - October 22, 2024) - Shopify Inc. ((NYSE, TSX:SHOP) plans to announce financial results for its third quarter, which ended September 30, 2024, before markets open on Tuesday, November 12, 2024.Shopify's management team will host a conference call to discuss the third-quarter results at 8:30 a.m. ET on Tuesday, November 12, 2024. The conference call will be available via webcast on the investor relations section of Shopify's website at https://investors.shopify.com/news-and-events/.An archived replay of the webcast will be available following the conclusion of the call.About ShopifyShopify is the leading global commerce company that provides essential in
Revenue up 21%, and up 25% Adjusting for the Sale of Our Logistics Businesses;Gross Profit up 25% Year Over Year;Free Cash Flow Margin More Than Doubled Year Over Year to 16% Internet, Everywhere--(Newsfile Corp. - August 7, 2024) - Shopify Inc. ((NYSE, TSX:SHOP), announced today financial results for the quarter ended June 30, 2024."Our Q2 results make it clear: Shopify is rapidly strengthening its position as a leading enabler of global commerce and entrepreneurship," said Harley Finkelstein, President of Shopify. "More and more merchants across the world are putting their trust in Shopify's unified commerce operating system to fuel growth and simplify complex operations. We're fully commi
Internet, Everywhere--(Newsfile Corp. - July 17, 2024) - Shopify Inc. ((NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce, plans to announce financial results for its second quarter, which ended June 30, 2024, before markets open on Wednesday, August 7, 2024. Shopify's management team will host a conference call to discuss the second-quarter results at 8:30 a.m. ET on Wednesday, August 7, 2024. The conference call will be available via webcast on the investor relations section of Shopify's website at https://investors.shopify.com/news-and-events/.An archived replay of the webcast will be available following the conclusion of the call.About ShopifyShopify is the le
Revenue up 23%, and up 29% Adjusting for the Sale of Our Logistics Businesses;Gross Profit up 33%;Free Cash Flow Margin Doubled Year Over Year to 12% Internet, Everywhere--(Newsfile Corp. - May 8, 2024) - Shopify Inc. ((NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce, announced today financial results for the quarter ended March 31, 2024."You're seeing the strongest version of Shopify in our history. Our outstanding Q1 performance is clear proof of our dedication to the new shape of Shopify, our commitment to operating with a consistent team size, and our focus on building for the long-term to deliver both growth and profitability," said Harley Finkelstein, Pres
Internet, Everywhere--(Newsfile Corp. - April 17, 2024) - Shopify Inc. ((NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce, plans to announce financial results for its first quarter, which ended March 31, 2024, before markets open on Wednesday, May 8, 2024.Shopify's management team will host a conference call to discuss the first-quarter results at 8:30 a.m. ET on Wednesday, May 8, 2024. The conference call will be available via webcast on the investor relations section of Shopify's website at https://investors.shopify.com/news-and-events/.An archived replay of the webcast will be available following the conclusion of the call.About ShopifyShopify is the leading g
Shopify sharpens its focus on building and scaling the future of commerceInternet, Everywhere--(Newsfile Corp. - May 4, 2023) - Shopify Inc. ((NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce, announced today financial results for the quarter ended March 31, 2023."Shopify's strong first quarter results demonstrate once again that we're the go-to solution powering businesses of all sizes, on every surface where they sell. The changes we're announcing today will ensure we keep pace with the high velocity of change before us, delivering the cutting-edge solutions our customers have come to expect from Shopify," said Shopify's President, Harley Finkelstein.Please see
Internet, Everywhere--(Newsfile Corp. - July 6, 2022) - Shopify Inc. (NYSE:SHOP) (TSX:SHOP), a provider of essential internet infrastructure for commerce, plans to announce financial results for its second quarter ended June 30, 2022 before markets open on Wednesday, July 27, 2022. Shopify's management team will host a conference call to discuss second-quarter results at 8:30 a.m. ET on Wednesday, July 27, 2022. The conference call will be available via webcast on the investor relations section of Shopify's website at https://investors.shopify.com/news-and-events/.An archived replay of the webcast will be available following the conclusion of the call.About ShopifyShopify is a leading provid
Internet, Everywhere--(Newsfile Corp. - October 7, 2021) - Shopify Inc. (NYSE:SHOP) (TSX:SHOP), a provider of essential internet infrastructure for commerce, plans to announce financial results for its third quarter ended September 30, 2021 before markets open on Thursday, October 28, 2021. Shopify's management team will host a conference call to discuss third-quarter results at 8:30 a.m. ET on Thursday, October 28, 2021. The conference call will be available via webcast on the investor relations section of Shopify's website at https://investors.shopify.com/news-and-events/.An archived replay of the webcast will be available following the conclusion of the call.About ShopifyShopify is a lead
Achieves First $1 Billion Revenue Quarter on Record GMV Helping Independent Brands Compete as Commerce Goes DigitalShopify reports in U.S. dollars and in accordance with U.S. GAAPInternet, Everywhere--(Newsfile Corp. - July 28, 2021) - Shopify Inc. (NYSE:SHOP) (TSX:SHOP), a provider of essential internet infrastructure for commerce, announced today strong financial results for the quarter ended June 30, 2021."This past year has been one of great uncertainty for independent merchants. What used to be two completely distinct industries, the retail industry and the online commerce industry, are now just the commerce industry. In this new reality, our goal at Shopify is clearer than ever: we wan
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New Street initiated coverage of Shopify with a rating of Neutral and set a new price target of $115.00
Wedbush upgraded Shopify from Neutral to Outperform and set a new price target of $125.00 from $115.00 previously
Loop Capital upgraded Shopify from Hold to Buy and set a new price target of $140.00 from $110.00 previously
DZ Bank downgraded Shopify from Hold to Sell
Redburn Atlantic upgraded Shopify from Neutral to Buy and set a new price target of $99.00
Cantor Fitzgerald initiated coverage of Shopify with a rating of Neutral and set a new price target of $70.00
DZ Bank downgraded Shopify from Hold to Sell
KeyBanc Capital Markets resumed coverage of Shopify with a rating of Overweight and set a new price target of $80.00
Wolfe Research initiated coverage of Shopify with a rating of Outperform and set a new price target of $80.00
BofA Securities upgraded Shopify from Neutral to Buy and set a new price target of $82.00 from $78.00 previously
Internet, Everywhere--(Newsfile Corp. - June 5, 2024) - Shopify Inc. ((NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce, announced today the results of its annual meeting of shareholders (the "Meeting") held on June 4, 2024. All director nominees were elected to the Board of Directors and PricewaterhouseCoopers LLP were appointed as the Company's auditors. Shareholders approved the third amendment and restatement of the Company's Long Term Incentive Plan and approved all unallocated awards under the Company's Long Term Incentive Plan and Stock Option Plan, as amended. In addition, shareholders approved the advisory resolution on the Company's approach to executiv
TORONTO, Feb. 5, 2024 /PRNewswire/ - Jobber, the leading provider of operations management software for home service businesses, today announced that global finance veteran Amy Shapero has been appointed to its board of directors as Audit Committee Chair. Shapero brings extensive finance, strategy, and operating experience in mission-driven, high-growth companies developing disruptive technology to level the playing field for small and medium-sized businesses. She most recently served for nearly five years as CFO at Shopify (NYSE:SHOP) (TSX:SHOP) ("Shopify"), a leading global
Faire, the world's leading B2B retail marketplace, announced today a new global partnership with Shopify (NYSE:SHOP) that establishes Faire as the recommended wholesale marketplace for Shopify, which powers millions of merchants around the world. This partnership brings together two world-class category leaders in retail and commerce to expand Shopify's B2B offerings and help drive growth for the brands and independent retailers the two companies serve. As part of the deal, Shopify will also become a Faire shareholder, demonstrating the global commerce leader's long-term commitment to the partnership. "At Faire we have long admired Shopify's like-minded approach to building tools that emp
Internet, Everywhere--(Newsfile Corp. - June 27, 2023) - Shopify Inc. ((NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce, today announced the results of its annual meeting of shareholders (the "Meeting") held on June 27, 2023. All director nominees were elected to the Board of Directors and PricewaterhouseCoopers LLP was appointed as auditors. Shareholders also approved the advisory resolution on the Company's approach to executive compensation, as further described in the Company's management information circular dated May 12, 2023.The detailed results of the Meeting were as follows:Election of Directors The eight (8) nominees for director that were proposed by
SAN DIEGO, Nov. 8, 2021 /PRNewswire/ -- Rebuy, a no-code omnichannel personalization platform for ecommerce brands on Shopify, today announced it has been selected by Shopify Plus to join the Certified App Partner program. Rebuy offers personalization, marketing, and retention services, plus white-glove support and a custom shopping cart.Rebuy's unique suite of ecommerce offerings placed the company into three service categories including Conversion Optimization, Personalization, and Upsell and Checkout Conversion—a first-of-its-kind combination among Certified App Partners on Shopify (NYSE:SHOP). Unlike other options, Rebuy offers a full suite of personalization, marketing, and retention se
Internet, Everywhere--(Newsfile Corp. - May 26, 2021) - Shopify Inc. (NYSE:SHOP) (TSX:SHOP), a leading global commerce company, today announced the results from its Annual Meeting of Shareholders (the "Meeting") which took place today. All director nominees were re-elected to the Board of Directors and PricewaterhouseCoopers LLP was appointed as auditors. Shareholders approved the second amendment and restatement of each of the Company's Stock Option Plan and the Company's Long Term Option Plan and approved all unallocated options under the Stock Option Plan, as amended, and all unallocated awards under the Long Term Option Plan, as amended, all as further described in the Company's manageme
SAN DIEGO, March 1, 2021 /PRNewswire/ -- Rebuy, a provider of omnichannel personalization services for e-commerce brands on Shopify, today announced a strong year of growth driven by customer, product, partner, and team expansion in 2020. The global pandemic has fundamentally changed the way businesses operate. Global retail e-commerce sales grew 27% as more Americans embraced online shopping to maintain social distancing. Retail sales surpassed $4 trillion in 2020 and are expected to eclipse $5 trillion this year. As a result, shoppers expect more from e-commerce stores. Brands have started to realize how important it is to make their online stores intelligent. Tweet this Rebuy's p