Fintel reports that on December 6, 2024, Loop Capital upgraded their outlook for Shopify (LSE:0VHA) from Hold to Buy.
Analyst Price Forecast Suggests 4.25% Upside
As of December 4, 2024, the average one-year price target for Shopify is 118.22 GBX/share. The forecasts range from a low of 80.80 GBX to a high of 152.25 GBX. The average price target represents an increase of 4.25% from its latest reported closing price of 113.40 GBX / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Shopify is 8,189MM, a decrease of 0.28%. The projected annual non-GAAP EPS is 0.22.
What is the Fund Sentiment?
There are 1,866 funds or institutions reporting positions in Shopify. This is an increase of 34 owner(s) or 1.86% in the last quarter. Average portfolio weight of all funds dedicated to 0VHA is 0.55%, an increase of 9.02%. Total shares owned by institutions increased in the last three months by 1.85% to 998,442K shares.
What are Other Shareholders Doing?
Baillie Gifford holds 63,366K shares representing 5.22% ownership of the company. In its prior filing, the firm reported owning 55,235K shares , representing an increase of 12.83%. The firm increased its portfolio allocation in 0VHA by 33.71% over the last quarter.
Capital World Investors holds 52,606K shares representing 4.34% ownership of the company. In its prior filing, the firm reported owning 48,705K shares , representing an increase of 7.41%. The firm increased its portfolio allocation in 0VHA by 24.59% over the last quarter.
Price T Rowe Associates holds 47,769K shares representing 3.94% ownership of the company. In its prior filing, the firm reported owning 45,527K shares , representing an increase of 4.69%. The firm decreased its portfolio allocation in 0VHA by 38.84% over the last quarter.
Capital International Investors holds 35,548K shares representing 2.93% ownership of the company. In its prior filing, the firm reported owning 27,077K shares , representing an increase of 23.83%. The firm increased its portfolio allocation in 0VHA by 48.47% over the last quarter.
Capital Research Global Investors holds 34,602K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 36,334K shares , representing a decrease of 5.01%. The firm increased its portfolio allocation in 0VHA by 9.44% over the last quarter.
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