Executive Summary for Shopify Investors

Shares of Technology sector company Shopify moved -6.8% today, and are now trading at a price of $62.84. The large-cap stock's daily volume was 16,075,166 compared to its average volume of 15,077,812. The S&P 500 index returned a -1.0% performance.

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 is based in Ottawa and has 11,600 full time employees. Its market capitalization is $80,376,242,176.

39 analysts are following Shopify and have set target prices ranging from $41.0 to $80.0 per share. On average, they have given the company a rating of hold. At today's prices, SHOP is trading -1.99% away from its average analyst target price of $64.12 per share.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.