In a report released yesterday, Paul Treiber from RBC Capital maintained a Buy rating on Shopify (SHOP – Research Report), with a price target of $100.00. The company’s shares closed yesterday at $77.18.
According to TipRanks, Treiber is a 5-star analyst with an average return of 15.0% and a 68.95% success rate. Treiber covers the Technology sector, focusing on stocks such as BlackBerry, Shopify, and Open Text.
Currently, the analyst consensus on Shopify is a Moderate Buy with an average price target of $81.57, which is a 5.69% upside from current levels. In a report released today, Roth MKM also maintained a Buy rating on the stock with a $89.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
The company has a one-year high of $91.57 and a one-year low of $39.02. Currently, Shopify has an average volume of 10.68M.
Based on the recent corporate insider activity of 153 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHOP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Shopify (SHOP) Company Description:
Founded in 2004, Canada-based Shopify, Inc. operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops.
Read More on SHOP:
