KeyBanc Capital Markets resumed coverage on Shopify with a new price target
$SHOP
Computer Software: Prepackaged Software
Technology
KeyBanc Capital Markets resumed coverage of Shopify with a rating of Overweight and set a new price target of $80.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 6/26/2024 | $95.00 → $96.00 | Buy | Citigroup |
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
4 - SHOPIFY INC. (0001594805) (Reporting)
4 - SHOPIFY INC. (0001594805) (Reporting)
4 - SHOPIFY INC. (0001594805) (Reporting)
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. - 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
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
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Deep-pocketed investors have adopted a bearish approach towards Shopify (NYSE:SHOP), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SHOP usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Shopify. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 22% leaning bullish and 55% bearish. Among these notable options, 3 are put
Piper Sandler analyst Clarke Jeffries maintains Shopify (NYSE:SHOP) with a Neutral and raises the price target from $63 to $67.