Shopify Inc SHOP
Stock research in plain language · As of Oct 04, 2026 · updated once a week, after the trading week closes
What the company does
Shopify Inc is a large-cap company in the Technology sector (Software - Application), with a market value of $196.5B, based in the USA.
It employs about 7,600 people and has been listed since May 21, 2015.
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline.
Cheap or expensive? relatively expensive
Its price-to-earnings (P/E) is 102.3 versus 41.5 for the median of the Technology sector in our universe (46 companies) — relatively expensive.
Revenue is growing 34% a year — the market is paying ahead for that growth. If it slows, the high multiple becomes the risk.
On analysts' next-year forecasts the multiple drops to 58.8 — they expect higher earnings.
The average analyst price target is 172.77, 14% above the current price (their view, not ours).
The stock sits at 65% of its one-year range (0% = the low, 100% = the high).
The risks
- • The stock is more volatile than average (beta 2.6) — big daily moves both ways.
Strengths
- ✅ Profitable — 42 of every 100 dollars of revenue stays as profit.
- ✅ Generates free cash flow — profit becomes cash in the bank.
- ✅ More cash than debt.
- ✅ Most analysts rate it buy (42 vs 1).
- ✅ Revenue is growing 34% a year.
What changed this week
Over the past week the stock rose 6.4% (for comparison: S&P 500 -0.2%, sector ETF XLK +1.8%).
This week's news
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- Top Research Reports for Cisco, Shopify & Starbucks finance.yahoo.com · 2026-10-01
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A description of facts from the filings and the market — not investment advice or a recommendation. "Cheap" and "expensive" are always relative to the comparison group.