Mizuho Securities analyst Siti Panigrahi maintained a Hold rating on Shopify (NYSE:SHOP) on Sunday, setting a price target of $1500, which is approximately 1.57% above the present share price of $1476.87.
Panigrahi expects Shopify to post earnings per share (EPS) of $7.06 for the third quarter of 2021.
The current consensus among 26 TipRanks analysts is for a Moderate Buy rating of shares in Shopify, with an average price target of $1734.74.
The analysts price targets range from a high of $2000 to a low of $1450.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.12 billion and a net profit of $139.44 million. The company's market cap is $184.3 billion.
According to TipRanks.com, Mizuho Securities analyst Siti Panigrahi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.0% and a 79.13% 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.