SHOP: Shopify, Inc.
About
Shopify, Inc. engages in the 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. The firm's platform provides merchants with a single view of business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analytics and reporting. It focuses on merchant and subscription solutions. The company was founded on September 28, 2004 and is headquartered in Ottawa, Canada.
Current Value
$104.831 Year Return
Current Value
$104.831 Year Return
Key Details
Market Cap
$135.10B
P/E Ratio
98.41
1Y Stock Return
49.99%
1Y Revenue Growth
23.47%
Dividend Yield
0.00%
Price to Book
13.4
Strategies that include SHOP
Stock's related to SHOP
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| RPD | 54.75% | $2.47B | -24.37% | 0.00% |
| ALIT | 51.96% | $4.16B | +4.01% | 0.00% |
| LAMR | 49.07% | $13.07B | +31.02% | 4.12% |
| FARO | 47.70% | $486.17M | +40.51% | 0.00% |
| ANGI | 46.96% | $987.36M | -5.71% | 0.00% |
| IAC | 46.92% | $4.11B | -0.75% | 0.00% |
| VCYT | 46.88% | $3.03B | +55.48% | 0.00% |
| CEVA | 46.41% | $668.16M | +27.56% | 0.00% |
| INFA | 45.54% | $7.86B | +5.06% | 0.00% |
| INN | 45.32% | $661.35M | -1.61% | 4.92% |
| AXON | 45.32% | $46.53B | +167.14% | 0.00% |
| GOLF | 45.21% | $4.21B | +20.68% | 1.22% |
| PIPR | 44.99% | $5.96B | +121.67% | 0.73% |
| AMZN | 44.96% | $2.15T | +42.19% | 0.00% |
| PTC | 44.96% | $22.74B | +21.30% | 0.00% |
| ACIW | 44.74% | $5.71B | +106.64% | 0.00% |
| AUDC | 44.70% | $262.07M | -18.71% | 4.14% |
| DASH | 44.64% | $73.18B | +86.24% | 0.00% |
| UPST | 44.19% | $6.49B | +199.03% | 0.00% |
| PK | 43.82% | $2.95B | -0.49% | 11.79% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| ITOS | -0.10% | $288.62M | -19.06% | 0.00% |
| LTM | 0.12% | $8.51B | -100.00% | <0.01% |
| NOC | -0.13% | $71.54B | +4.23% | 1.60% |
| APEI | -0.20% | $339.36M | +232.64% | 0.00% |
| CAH | 0.21% | $28.64B | +12.14% | 1.70% |
| UNH | -0.26% | $531.00B | +6.93% | 1.37% |
| LGND | 0.34% | $2.11B | +91.18% | 0.00% |
| NVAX | 0.34% | $1.28B | +49.53% | 0.00% |
| TR | 0.36% | $2.33B | -0.74% | 1.10% |
| UFCS | 0.41% | $696.15M | +35.19% | 2.34% |
| TRV | 0.45% | $58.86B | +48.10% | 1.59% |
| ORLY | 0.48% | $69.31B | +22.06% | 0.00% |
| DG | 0.48% | $16.82B | -37.95% | 3.17% |
| ATNM | 0.49% | $44.30M | -67.05% | 0.00% |
| NAT | -0.52% | $636.83M | -30.05% | 13.79% |
| GSK | -0.54% | $68.24B | -5.43% | 4.71% |
| PULM | -0.60% | $19.83M | +202.98% | 0.00% |
| ORKA | 0.62% | $780.47M | +82.82% | 0.00% |
| IFRX | 0.65% | $113.06M | +31.51% | 0.00% |
| BACK | 0.69% | $1.76M | -32.90% | 0.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| SGC | -22.56% | $261.95M | +41.61% | 4.32% |
| CPB | -21.05% | $12.96B | +7.08% | 3.40% |
| CYD | -17.86% | $364.46M | -2.94% | 4.26% |
| VZIO | -16.72% | $2.29B | +67.76% | 0.00% |
| CBOE | -14.38% | $21.46B | +15.84% | 1.11% |
| CLW | -14.13% | $413.53M | -30.06% | 0.00% |
| SHEN | -13.54% | $698.36M | -44.66% | 0.79% |
| K | -13.01% | $27.77B | +52.50% | 2.79% |
| CAG | -12.59% | $12.64B | -6.10% | 5.26% |
| GIS | -12.36% | $34.85B | -2.91% | 3.78% |
| ED | -11.97% | $33.59B | +7.16% | 3.43% |
| NLOP | -11.94% | $458.04M | +94.60% | 0.00% |
| AMED | -11.87% | $2.95B | -3.95% | 0.00% |
| ASC | -11.85% | $517.16M | -7.62% | 8.45% |
| AMGN | -11.83% | $150.48B | +6.52% | 3.20% |
| TIGO | -11.11% | $4.45B | +59.08% | 0.00% |
| CL | -11.06% | $76.48B | +22.25% | 2.12% |
| KHC | -10.55% | $36.98B | -10.45% | 5.23% |
| RNR | -10.40% | $13.74B | +23.09% | 0.58% |
| CPSH | -10.16% | $20.70M | -40.13% | 0.00% |
ETF's related to SHOP
Correlated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| CLOU | 59.18% | $349.39M | 0.68% |
| PNQI | 58.42% | $834.26M | 0.6% |
| ARKF | 56.73% | $1.09B | 0.75% |
| EFAA | 56.11% | $117.38M | 0% |
| IZRL | 54.74% | $102.75M | 0.49% |
| FDIS | 54.72% | $1.93B | 0.084% |
| VBK | 53.60% | $19.31B | 0.07% |
| SPGM | 53.23% | $877.62M | 0.09% |
| SKYY | 53.13% | $3.41B | 0.6% |
| VOT | 53.11% | $15.26B | 0.07% |
| SCHK | 53.11% | $3.96B | 0.05% |
| DCOR | 53.10% | $1.01B | 0.14% |
| VONE | 53.08% | $5.23B | 0.08% |
| BUZZ | 53.07% | $59.71M | 0.75% |
| WCLD | 53.03% | $454.67M | 0.45% |
| FPX | 52.73% | $797.15M | 0.59% |
| BOTZ | 52.70% | $2.57B | 0.68% |
| VT | 52.48% | $41.10B | 0.07% |
| AOA | 52.42% | $2.10B | 0.15% |
| KOMP | 52.42% | $2.09B | 0.2% |
Uncorrelated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| FLRN | 0.36% | $2.33B | 0.15% |
| TPMN | 0.47% | $40.60M | 0.65% |
| BOXX | 0.53% | $4.43B | 0.1949% |
| TBIL | 0.63% | $4.38B | 0.15% |
| KCCA | 0.88% | $220.51M | 0.87% |
| ICSH | 0.99% | $5.57B | 0.08% |
| HIGH | 1.50% | $302.78M | 0.51% |
| GBIL | -1.71% | $5.60B | 0.12% |
| SGOV | -1.79% | $27.53B | 0.09% |
| CSHI | 1.84% | $482.85M | 0.38% |
| FTSM | 1.89% | $6.08B | 0.45% |
| BSCO | 2.22% | $2.35B | 0.1% |
| TBLL | -2.93% | $1.92B | 0.08% |
| BILZ | -3.13% | $563.02M | 0.14% |
| KRBN | 3.27% | $242.47M | 0.85% |
| HDRO | -3.35% | $164.26M | 0.3% |
| PULS | 3.36% | $8.78B | 0.15% |
| IBTF | 3.38% | $2.05B | 0.07% |
| EQLS | -3.51% | $76.08M | 1% |
| DUSB | 3.63% | $797.63M | 0.15% |
Inversely Correlated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| BTAL | -37.87% | $388.04M | 1.43% |
| VIXY | -36.62% | $195.31M | 0.85% |
| TAIL | -29.42% | $67.98M | 0.59% |
| CCOR | -15.56% | $109.04M | 1.18% |
| JBBB | -13.22% | $1.26B | 0.49% |
| FLMI | -11.33% | $356.19M | 0.3% |
| CLOI | -10.88% | $715.40M | 0.4% |
| CTA | -10.57% | $350.27M | 0.78% |
| XHLF | -10.28% | $874.27M | 0.03% |
| IVOL | -10.27% | $548.70M | 1.02% |
| JUCY | -10.25% | $324.29M | 0.6% |
| MUST | -10.01% | $410.00M | 0.23% |
| UUP | -9.67% | $309.25M | 0.77% |
| WEAT | -8.62% | $120.27M | 0.28% |
| KMLM | -8.27% | $353.87M | 0.9% |
| XONE | -8.16% | $548.88M | 0.03% |
| USDU | -8.10% | $201.97M | 0.5% |
| XBIL | -7.51% | $637.70M | 0.15% |
| CORN | -6.31% | $61.12M | 0.2% |
| MINT | -5.51% | $11.62B | 0.35% |
News
SeekingAlpha
The RiverPark Long/Short Opportunity Fund returned 0.66% in Q3 '24 vs. the S&P 500 Total Return Index, which returned 5.89%. Click here to read the full fund letter.
Yahoo
Q3 2024 Global-E Online Ltd Earnings Call
Fintel
Shopify (SHOP) Price Target Increased by 42.30% to 117.14
Yahoo
It has hit a new 52-week high recently, and there could be even more upside for Shopify as the business still sees a lot more growth ahead for the current quarter. Over the past few years, Shopify's growth rate has been volatile due to a myriad of economic conditions, including supply chain constraints, inflation, and an overall slowdown in spending after a surge during the early stages of the pandemic. The good news, however, is that the company's growth rate accelerated this past quarter, turning around a downward trend for the business.
Yahoo
Shopify (NYSE: SHOP) stock may have finally positioned itself for a full recovery. This is arguably the most consequential e-commerce stock in North America, next to Amazon (NASDAQ: AMZN). For now, Amazon remains a far larger company, boasting a market cap of over $2.2 trillion versus Shopify's market cap of approximately $140 billion.
Yahoo
Claro Advisors joins other investors boosting their positions in Shopify, signaling optimism in its growth
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.