InvestorsObserver is giving Shopify Inc (SHOP) an Analyst Rating Rank of 31, meaning SHOP is ranked higher by analysts than 31% of stocks. The average price target for SHOP is $50.367 and analyst’s rate the stock as a Buy.
Wall Street analysts are rating SHOP a Buy today. Find out what this means to you and get the rest of the rankings on SHOP!
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Shopify Inc Stock Today?
Shopify Inc (SHOP) stock is lower by -1.99% while the S&P 500 is higher by 1.08% as of 10:04 AM on Monday, Feb 27. SHOP has fallen -$0.81 from the previous closing price of $40.74 on volume of 2,221,669 shares. Over the past year the S&P 500 is lower by -8.25% while SHOP has fallen -42.49%. SHOP lost -$2.73 per share the over the last 12 months.
Click Here to get the full Stock Report for Shopify Inc stock.
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