The Latest Breaking News from Shopify

RBC Capital Cuts Shopify's Price Target By 23%

Shopify Inc (NYSE:SHOP) (TSX:SHOP) price target has been lowered to $1000 (an upside of 116%) from $1300 by RBC Capital analyst Paul Treiber. The analyst maintained the Outperform rating on the shares. The analyst states that the proposed changes to Shopify’s share structure may be contentious. Treiber adds that while some terms in the proposal…

Benzinga · Apr 25, 2022

5 Hard-Hit Tech Stocks That Cathie Wood Believes Will Rebound

Due to the recent tech selloff, renowned investor Cathie Wood’s flagship Ark innovation ETF has retreated from its 2021 highs this year. However, accelerated digitalization, increasing tech dependence, and growing IT spending should allow Wood’s portfolio to rebound quickly. Given these factors, Wall Street analysts expect Wood’s beaten-down tech stock…

StockNews.com · Apr 25, 2022

What Are Whales Doing With Shopify

Someone with a lot of money to spend has taken a bullish stance on Shopify (NYSE:SHOP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga · Apr 25, 2022

This Is What Whales Are Betting On Shopify

A whale with a lot of money to spend has taken a noticeably bearish stance on Shopify. Looking at options history for Shopify (NYSE:SHOP) we detected 16 strange trades.

Benzinga · Apr 14, 2022

Here's How Shopify Chief Looks To Preserve Control

Shopify Inc (NYSE:SHOP) sought approval to change its complex share structure to protect the voting power, including a 10-for-1 stock split, the Wall Street Journal reports. Co-founder and CEO Tobi Lütke proposed a new “founder share” that, combined with his existing supervoting Class B shares, increased his voting power to 40% from…

Benzinga · Apr 11, 2022

Benzinga's Daily Brief On Trending Tickers For April 11, 2022: Shopify, Twitter, Sailpoint Technologies, And More

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the

Benzinga · Apr 11, 2022

Strike Integrates Lightning Network With Shopify

Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock

Benzinga · Apr 8, 2022

Strike Partners With Shopify For Bitcoin Lightning Payments

On the second day of the 2022 Bitcoin conference in Miami — a four-day event — Jack Mallers, CEO of cryptocurrency payment app Strike took the stage to announce a partnership to integrate with e-commerce giant Shopify Inc (NYSE: SHOP) to allow for paymen

Benzinga · Apr 8, 2022

What 16 Analyst Ratings Have To Say About Shopify

Shopify (NYSE:SHOP) has observed the following analyst ratings within the last quarter:

Benzinga · Apr 5, 2022

Here's How Wells Fargo Views Fintech Stocks Shopify, PayPal, Block

Wells Fargo analyst Jeff Cantwell launched global coverage of the payments and fintech sector with a bullish stance.  He saw a $1.5 trillion annual revenue opportunity for fintech companies globally and expects 6% yearly growth over the ensuing decade. 

Benzinga · Apr 5, 2022