Shopify Inc (US) (SHOP) Given Daily Coverage Optimism Rating of 0.16

News articles about Shopify Inc (US) (NYSE:SHOP) (TSE:SH) have trended somewhat positive recently, AlphaOne Sentiment Analysis reports. AlphaOne, a subsidiary of Accern, identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Shopify Inc (US) earned a news impact score of 0.16 on AlphaOne’s scale. AlphaOne also gave news headlines about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Alpha One’s analysis:

Shares of Shopify Inc (NYSE:SHOP) traded up 1.99% during trading on Thursday, reaching $70.63. The company had a trading volume of 1,642,402 shares. The company’s market cap is $6.34 billion. The firm has a 50-day moving average of $65.60 and a 200-day moving average of $50.60. Shopify Inc has a 12-month low of $24.96 and a 12-month high of $73.00.

SHOP has been the topic of several recent analyst reports. BTIG Research reiterated a “buy” rating on shares of Shopify Inc (US) in a research note on Thursday, December 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $50.00 price target on shares of Shopify Inc (US) in a research note on Thursday, January 5th. Vetr cut Shopify Inc (US) from a “strong-buy” rating to a “buy” rating and set a $51.04 price target on the stock. in a research note on Thursday, January 5th. Robert W. Baird reiterated an “outperform” rating on shares of Shopify Inc (US) in a research note on Thursday, January 12th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $63.00 price target (up previously from $52.00) on shares of Shopify Inc (US) in a research note on Monday, February 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $59.47.

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Shopify Inc (US) Company Profile

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.

5 Day Chart for NYSE:SHOP

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