Media headlines about Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Shopify Inc (US) earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 46.6023634961808 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Netflix Stock Might Be Overheated, but Don't Follow This Terrible Advice (finance.yahoo.com)
- Looking for the Next Shopify? This High-Flying Cloud Stock Could Be It. (finance.yahoo.com)
- Can Shopify Stock Keep Hitting New Highs? (finance.yahoo.com)
- $201.63 Million in Sales Expected for Shopify Inc (US) (SHOP) This Quarter (americanbankingnews.com)
SHOP has been the subject of several analyst reports. Roth Capital reissued a “buy” rating and issued a $144.00 price objective (up previously from $127.00) on shares of Shopify Inc (US) in a report on Tuesday, February 13th. Vetr cut Shopify Inc (US) from a “strong-buy” rating to a “buy” rating and set a $122.39 price objective for the company. in a report on Tuesday, November 21st. Monness Crespi & Hardt reissued a “buy” rating and issued a $150.00 price objective (up previously from $125.00) on shares of Shopify Inc (US) in a report on Thursday, February 15th. Canaccord Genuity reissued a “buy” rating and issued a $155.00 price objective (up previously from $115.00) on shares of Shopify Inc (US) in a report on Friday, February 16th. Finally, Morgan Stanley boosted their price objective on Shopify Inc (US) from $116.00 to $120.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $120.07.
Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Thursday, February 15th. The software maker reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.09. Shopify Inc (US) had a negative return on equity of 1.20% and a negative net margin of 1.34%. The company had revenue of $222.80 million during the quarter, compared to analyst estimates of $209.70 million. Shopify Inc (US)’s revenue for the quarter was up 70.9% on a year-over-year basis. analysts anticipate that Shopify Inc will post -0.8 earnings per share for the current year.
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About Shopify Inc (US)
Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.
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