SHOP has been in the news 333% more than usual
May 07, 2025, 6:33 PM
10.91%
What does SHOP do
Shopify, headquartered in Ottawa, provides a cloud-based commerce platform for small and medium businesses, employing 8,300 people and operating in 175 countries since its IPO on May 21, 2015. The platform offers integrated tools for managing sales across various channels, enhancing the retail experience for merchants and consumers alike.
SHOP has been in the news recently: BMO Capital Markets and JP Morgan both have positive ratings on Shopify, with price targets of $120 and $124, respectively, due to its strong performance potential. Meanwhile, U.S. stocks showed mixed results as investors awaited a key announcement from the Federal Reserve.
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