Analyst Ratings For Shopify (TSE:SH)
Today, Shopify (TSE:SH) stock was downgraded by Royal Bank of Canada from Outperform to Sector Perform with a price target of C$104.00.
There are 1 hold rating, 1 buy rating on the stock.
The current consensus rating on Shopify (TSE:SH) is Buy (Score: 2.50) with a consensus target price of C$85.50 per share, a potential .
Some recent analyst ratings include
- 4/26/2017-Royal Bank of Canada was Downgraded by analysts at Royal Bank of Canada from a “Outperform ” rating to a ” Sector Perform” rating. They now have a C$104.00 price target on the stock.
About Shopify (TSE:SH)
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. The Shopify 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 Shopify platform includes a mobile-optimized checkout system, which is designed to enable merchants’ consumers to buy products over mobile Websites. Its merchants are able to offer their customers the ability to check out by using Apple Pay.
Recent Trading Activity for Shopify (TSE:SH)
Shares of Shopify closed the previous trading session at 100.90 down -3.00 -2.89% with 225,375 shares trading hands.