Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake, originally as an online store that sold snowboarding equipment. The company was initially self-funded by the founders until they raised CAD$12 million in Series A funding in 2010. Shopify went public on the Toronto Stock Exchange in 2015, and today has a market capitalization of over $9 billion.
PRO TIP: Please be aware that the predictions made in the article ‘What Are the Predictions for Shopify Stock?’ are just that – predictions. They are not guaranteed, and there is always the potential for loss when investing in stocks. Please do your own research and consult with a financial advisor before making any investment decisions.
In 2019, Shopify was ranked as the second most valuable brand in Canada, with a brand value of $8.5 billion. Shopify is also the third largest Canadian company by market capitalization, behind only Loblaw Companies and Brookfield Asset Management.
What are the predictions for Shopify stock?
Most analysts are bullish on Shopify stock and believe that it will continue to outperform the market in the long term. The average price Target for Shopify stock is $1,000 per share, which represents a potential upside of nearly 30% from its current levels. While there may be some short-term volatility due to macroeconomic factors such as the U.S.-China trade war, most analysts believe that Shopify is well positioned to continue its strong growth trajectory in the years to come.
7 Related Question Answers Found
Shopify Inc. (NYSE: SHOP) stock has been on a tear in 2020, up over 170% year-to-date. The company has benefited from the dramatic shift to online shopping during the COVID-19 pandemic. With more people shopping online than ever before, Shopify has been able to capitalize on this trend with its ecommerce platform.
Shopify Inc. (NYSE:SHOP) (TSE:SH) stock has risen by over 60 percent since the start of 2019. The e-commerce platform provider’s share price has been on an upward trend in recent years, as more and more businesses move online. The company’s strong financial performance in recent quarters has also helped to boost its stock price.
Shopify Inc. (NYSE: SHOP) has been one of the hottest stocks on the market over the past year. The company’s share price has more than tripled since this time last year, and it doesn’t show any signs of slowing down. With Shopify’s strong financials and growing customer base, there’s no reason to think that the stock won’t continue to rise in the future.
What is Shopify? Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.
Shopify is one of the hottest tech stocks on the market, and its share price has been on a tear in recent years. But is the stock still a good buy at its current price? Shopify is a leading e-commerce platform that enables businesses of all sizes to create an online store.
Shopify Inc. (NYSE: SHOP) stock has been on a tear in 2020, up over 160% year-to-date. The e-commerce platform provider has seen its business soar as more and more businesses move online due to the COVID-19 pandemic. With Shopify’s platform powering many of these online stores, the company has been able to capitalize on the trend.
Shopify (SHOP) is an e-commerce platform that enables businesses of all sizes to create an online store. It offers a customizable platform, an easy-to-use checkout process, and a wide range of features. Shopify’s platform is based on three pillars: simplicity, flexibility, and scalability.
