Robert W. Baird analyst Colin Sebastian maintained a Buy rating on Shopify (NYSE:SHOP) on Wednesday, setting a price target of $1600, which is approximately 32.47% above the present share price of $1207.8.
Sebastian expects Shopify to post earnings per share (EPS) of $1.01 for the second quarter of 2021.
The current consensus among 28 TipRanks analysts is for a Moderate Buy rating of shares in Shopify, with an average price target of $1468.78.
The analysts price targets range from a high of $1900 to a low of $1100.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $977.74 million and a net profit of $112.54 million. The company's market cap is $148.22 billion.
According to TipRanks.com, Robert W. Baird analyst Colin Sebastian is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 35.8% and a 76.22% success rate.
Founded in 2004, Canada-based Shopify, Inc. operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops.