News articles about Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shopify Inc (US) earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 48.1864865759815 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Brokerages Expect Shopify Inc (US) (SHOP) to Announce -$0.02 EPS (americanbankingnews.com)
- Canaccord Genuity Reiterates “Buy” Rating for Shopify Inc (US) (SHOP) (americanbankingnews.com)
- Piper Jaffray Companies Raises Shopify Inc (US) (SHOP) Price Target to $115.00 (americanbankingnews.com)
- Shopify Inc (US) (SHOP) Price Target Raised to $120.00 at Royal Bank of Canada (americanbankingnews.com)
- KeyCorp Boosts Shopify Inc (US) (SHOP) Price Target to $150.00 (americanbankingnews.com)
A number of brokerages have recently issued reports on SHOP. National Bank Financial lifted their price target on Shopify Inc (US) from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday. KeyCorp lifted their price target on Shopify Inc (US) from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday. Morgan Stanley lifted their price target on Shopify Inc (US) from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday. Robert W. Baird lifted their price target on Shopify Inc (US) from $110.00 to $158.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Royal Bank of Canada lifted their price target on Shopify Inc (US) from $103.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have given a buy rating to the company. Shopify Inc (US) presently has a consensus rating of “Buy” and an average target price of $119.54.
Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings data on Thursday, February 15th. The software maker reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.09. Shopify Inc (US) had a negative return on equity of 5.05% and a negative net margin of 5.94%. The company had revenue of $222.80 million for the quarter, compared to analyst estimates of $209.70 million. The business’s revenue for the quarter was up 70.9% compared to the same quarter last year. equities research analysts predict that Shopify Inc will post -0.44 earnings per share for the current fiscal year.
Shopify Inc (US) Company Profile
Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.
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