Rosenblatt Securities analyst Mark Zgutowicz reiterated a Buy rating on Shopify (NYSE:SHOP) on Tuesday, setting a price target of $1900, which is approximately 45.41% above the present share price of $1306.64.
Zgutowicz expects Shopify to post earnings per share (EPS) of $10.21 for the second quarter of 2021.
The current consensus among 22 TipRanks analysts is for a Moderate Buy rating of shares in Shopify, with an average price target of $1491.1.
The analysts price targets range from a high of $1900 to a low of $1340.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $988.65 million and a net profit of $118.9 million. The company's market cap is $162.52 billion.
According to TipRanks.com, Rosenblatt Securities analyst Mark Zgutowicz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 58.4% and a 81.25% 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.