Today analysts at Rosenblatt indicated Shopify’s (NYSE:SHOP) shares as ‘Buy’ in a report released to investors.
According to Rosenblatts price target of 50 on the company’s stock this indicates the broker now believes there is an increase of 14.36% from Shopify’s current price of 43.72.
In the last year Shopify’s stock price has increased by 31.06% from 33.36 to 43.72.
The number of Shopify shares in issue is 81,812,000 which have a current share price of 43.72 bringing Shopify’s market capitalisation to 3.58B USD.
The 52 week high of shares in Shopify is 45.2 while the 52 week low for the company’s shares is 18.48. The businesses 50 day moving average is 42.61 and its 200 day moving average is 34.53.
Shopify Inc is a Canada-based company engaged in the offering cloud-based, multi-channel commerce platform. The Company’s platform is designed for small and medium-sized businesses. Using a single interface, the Company’s merchants can design, set up and manage their business across multiple sales channels, including Web and mobile storefronts, social media storefronts and physical retail locations. The Company’s platform provides merchants with a single view of their business and customers across all of their sales channels and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships and leverage analytics and reporting. The Company’s merchants use its platform to sell online, in retail stores and on the go.