In a report released yesterday, Terry Tillman from Truist Financial maintained a Hold rating on Shopify (SHOP – Research Report), with a price target of $85.00. The company’s shares closed yesterday at $84.00.
Tillman covers the Technology sector, focusing on stocks such as Shopify, Manhattan Associates, and UiPath. According to TipRanks, Tillman has an average return of 19.8% and a 65.41% success rate on recommended stocks.
In addition to Truist Financial, Shopify also received a Hold from Wolfe Research’s Deepak Mathivanan in a report issued on February 14. However, on the same day, Piper Sandler assigned a Sell rating to Shopify (NYSE: SHOP).
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SHOP market cap is currently $103.8B and has a P/E ratio of 896.33.
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.
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