Shopify Inc.

SHOP

CA82509L1076

Internet Services

Market Closed - Nyse Other stock markets 01:30:02 18/05/2024 am IST			After market 05:30:00 am
58.53 ^USD	+1.25%		58.4	-0.22%

16/05	Everlasting momentum
16/05	ANALYST RECOMMENDATIONS : Ecolab, Texas Instruments, Cisco, Britvic, Shopify...

Ocado Group plc reached an agreement to acquire 6 River Systems, LLC from Shopify Inc..

May 04, 2023

Ocado Group plc (LSE:OCDO) reached an agreement to acquire 6 River Systems, LLC from Shopify Inc. (NYSE:SHOP) on May 4, 2023. Ocado will welcome new colleagues from 6 River Systems. ChristopherÂ Barlow, RyanÂ Dzierniejko, NathanÂ Giesselman, KenÂ Kumayama, YoungÂ Park, JosephÂ Penko of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors to Shopify Inc. Louis Goldberg, Daniel Brass, W. Soren Kreider IV, David R. Bauer, Veronica M. Wissel and Patrick E. Sigmon of Davis Polk & Wardwell LLP acted as legal advisors to Ocado Group.

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	OCADO GROUP PLC	363.1 GBX	+0.86%	+4.25%	3.74B
	SHOPIFY INC.	58.53 USD	+1.25%	-0.70%	74.5B

Latest news about Shopify Inc.

Everlasting momentum	16/05
ANALYST RECOMMENDATIONS : Ecolab, Texas Instruments, Cisco, Britvic, Shopify...	16/05
Astound Digital Partners with Shopify to Elevate Enterprise Commerce to Unprecedented Heights	15/05	CI
Shopify, Avalara Expand Partnership to Enable Merchants to Automate Global Tax Compliance	13/05	MT
Deutsche Bank Cuts Shopify Target to US$80, Maintains Buy Rating	09/05	MT
RBC Cuts Shopify Target to $85, Maintains Outperform, After Q1	09/05	MT
Shopify's Overall Fundamentals Intact Despite Q1 Falling Short of Investor Expectations, Oppenheimer Says	09/05	MT
Barclays Adjusts Shopify's Price Target to $63 From $68, Keeps Equalweight Rating	09/05	MT
UBS Cuts Price Target on Shopify to $71 From $80, Maintains Neutral Rating	09/05	MT
Baird Adjusts Price Target on Shopify to $77 From $87, Keeps Outperform Rating	09/05	MT
Goldman Sachs Cuts Price Target on Shopify to $67 From $75, Maintains Neutral Rating	09/05	MT
Mizuho Securities Cuts Price Target on Shopify to $65 From $75, Maintains Neutral Rating	09/05	MT
Shopify Price Target Lowered to $72 at TD	09/05	MT
Shopify Upgraded to Outperform at ATB Capital	09/05	MT
Shopify Price Target Lowered to US$85 at CIBC	09/05	MT
Deutsche Bank Cuts Shopify Price Target to $80 From $95, Maintains Buy Rating	09/05	MT
Shopify Price Target Lowered to US$85 at RBC	09/05	MT
Piper Sandler Upgrades Shopify to Neutral From Underweight	09/05	MT
JMP Securities Upgrades Shopify to Market Outperform From Market Perform	09/05	MT
Piper Sandler Upgrades Shopify to Neutral From Underweight, Price Target at $63	09/05	MT
Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Thursday; Arm Holdings, Airbnb to Decline	09/05	MT
RBC Cuts Price Target on Shopify to $85 From $100, Keeps Outperform Rating	09/05	MT
Morgan Stanley Lowers Price Target on Shopify to $80 From $85, Keeps Overweight Rating	09/05	MT
Wedbush Adjusts Price Target on Shopify to $68 From $75, Maintains Neutral Rating	09/05	MT
Truist Adjusts Price Target on Shopify to $65 From $85, Maintains Hold Rating	09/05	MT

Chart Shopify Inc.

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Company Profile

Shopify Inc. (Shopify) is a Canada-based global commerce company. The Company provides essential Internet infrastructure for commerce, offering tools to start, grow, market and manage a retail business of any size. It provides platforms and services that are engineered and delivers a shopping experience for consumers online, in store and everywhere in between. Its software enables merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. The Company's Shopify platform provides merchants with a single view of their business across all of their sales channels and enables them 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, all from one integrated back office. The Shopify's platform operates across 175 countries.

Sector

Internet Services

Calendar

04/06/2024 - Annual General Meeting

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Analysis / Opinion

Ryan Petersen, CEO of Flexport: Behind the scenes of the acquisition of Shopify's logistics division

December 23, 2023 at 03:24 am IST

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Ratings for Shopify Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

58.53 USD

Average target price

76.61 USD

Spread / Average Target

+30.88%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector E-commerce & Auction Services

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SHOPIFY INC.	-24.87%	74.5B
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GLOBAL-E ONLINE LTD.	-26.50%	4.74B
USS CO., LTD.	-8.57%	3.94B

E-commerce & Auction Services

Shopify Inc.

Equities

SHOP

CA82509L1076

Internet Services

Ocado Group plc reached an agreement to acquire 6 River Systems, LLC from Shopify Inc..

Stocks mentioned in the article

EPS Revisions