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 provider of cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, social media storefronts, such as Facebook, Twitter and Pinterest, 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 all from one integrated back office. The Company’s platform includes a mobile-optimized checkout system, designed to enable merchants’ consumers to buy products over mobile Websites. Merchants can also use Shopify Mobile, its iPhone and Android application, to track and manage their business on the go.