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Shopify (SHOP)

(Delayed Data from NYSE)

$74.01 USD

74.01
9,509,124

+3.46 (4.90%)

Updated Apr 23, 2024 03:59 PM ET

After-Market: $74.55 +0.54 (0.73%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

F Value A Growth B Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 20% (50 out of 252)

Industry: Internet - Services

Better trading starts here.

Zacks News

Key Factors to Note Ahead of Axcelis' (ACLS) Q4 Earnings

Axcelis' (ACLS) fourth-quarter performance is likely to have benefited from its leading position in the expanding power device market.

The Zacks Analyst Blog Highlights Eli Lilly, Danaher, Citigroup, Shopify and Canadian Pacific Kansas

Eli Lilly, Danaher, Citigroup, Shopify and Canadian Pacific Kansas are included in this Analyst Blog.

Derek Lewis headshot

3 Quarterly Releases to Watch Next Week

We've gotten through a fair amount of results so far, with many more prints coming. Regarding next week's docket, here are three notable reports to keep an eye out for.

Mark Vickery headshot

Top Stock Reports for Eli Lilly, Danaher & Citigroup

Today's Research Daily features new research reports on 16 major stocks, including Eli Lilly and Company (LLY), Danaher Corporation (DHR) and Citigroup Inc. (C).

Microchip (MCHP) Q3 Earnings Beat Estimates, Sales Decline Y/Y

Microchip's (MCHP) third-quarter fiscal 2024 results suffer from challenging macroeconomic conditions that hurt customer demand.

Meta Platforms' (META) Q4 Earnings Beat, Revenues Up Y/Y

Meta Platforms' (META) fourth-quarter 2023 performance benefits from higher advertising revenues and expanding user base.

Apple's (AAPL) Q1 Earnings Beat Estimates, Revenues Up Y/Y

Apple's (AAPL) first-quarter fiscal 2024 results benefit from strong iPhone revenues and Services growth.

What to Expect Ahead of Aspen's (AZPN) Q2 Earnings Release

Aspen's (AZPN) fiscal second-quarter performance is likely to have benefited from solid demand momentum across various markets.

Is Trending Stock Shopify Inc. (SHOP) a Buy Now?

Shopify (SHOP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Factors to Note Ahead of Lumen's (LUMN) Q4 Earnings Release

Lumen's (LUMN) Q4 performance is likely to have been hurt by a time-consuming digital transformation process. Continued investments in Quantum Fiber and enterprise businesses are positive.

CGI Group's (GIB) Q1 Earnings Beat Estimates, Revenues Up Y/Y

CGI Group's (GIB) first-quarter fiscal 2024 results benefit from growth in international business segments and rising demand for managed services.

Wolfspeed (WOLF) Reports Loss in Q2 Earnings, Revenues Up Y/Y

Wolfspeed's (WOLF) second-quarter fiscal 2024 results benefit from robust Power Products and Material Products revenues.

Nalak Das headshot

Buy on the Dip Amid Fed's Tepid Rate Cut Signal: 5 Top Picks

Five corporate bigwigs to invest now are: ANET, CRWD, NFLX, PGR, SHOP.

Nalak Das headshot

5 Must-Buy Large-Cap Stocks Ahead of Earnings This Month

We have narrowed our search to five large-cap stocks that are poised to beat on earnings this month. These are: TSN,SHOP, WAB, ZG, X.

Skyworks' (SWKS) Q1 Earnings Beat Estimates, Revenues Down Y/Y

Skyworks' (SWKS) first-quarter fiscal 2024 results reflect the negative impact of high inventory levels in the broad market amid a challenging macroeconomic environment.

Teradyne (TER) Q4 Earnings Top Estimates, Revenues Fall Y/Y

Teradyne's (TER) fourth-quarter 2023 results benefit from strong robotics demand.

Shopify (SHOP) Suffers a Larger Drop Than the General Market: Key Insights

In the latest trading session, Shopify (SHOP) closed at $82.33, marking a -1.45% move from the previous day.

MSCI Q4 Earnings Beat, Recurring Subscriptions Rise Y/Y

MSCI's fourth-quarter 2023 results benefit from strong growth in recurring subscription revenues.

Meta Platforms (META) to Report Q4 Earnings: What to Expect

Meta Platforms' (META) fourth-quarter 2023 revenues are expected to reflect benefits from increasing engagement for Instagram, WhatsApp, Messenger and Facebook.

Fair Isaac (FICO) Q1 Earnings Lag Estimates, Revenues Up Y/Y

Fair Isaac's (FICO) first-quarter fiscal 2024 results benefit from higher revenues from mortgage originations.

KLA's (KLAC) Q2 Earnings & Revenues Beat Estimates, Fall Y/Y

KLA's (KLAC) second-quarter fiscal 2024 results reflect sluggish performance from the Semiconductor Process Control and PCB, Display and Component Inspection segments.

ServiceNow (NOW) Q4 Earnings Beat Estimates, Revenues Up Y/Y

ServiceNow's (NOW) fourth-quarter 2023 results reflect strong uptake of the company's digital workflow and growing demand for generative AI solutions.

TE Connectivity (TEL) Q1 Earnings Beat Estimates, Sales Fall Y/Y

TE Connectivity's (TEL) fiscal first-quarter results benefit from the strong performance of the Transportation segment and margin expansion.

Bilibili (BILI) Surges 9.1%: Is This an Indication of Further Gains?

Bilibili (BILI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Why Shopify (SHOP) Outpaced the Stock Market Today

In the latest trading session, Shopify (SHOP) closed at $81.14, marking a +1.1% move from the previous day.