Shopify stock makes up the largest position in Cathie Wood's portfolio.Cathie Wood has made a name for herself as a disruptive tech investor. She's not afraid to make risky moves, which makes it exciting to follow her portfolio. She hasn't always been right, but her investing thesis often needs time to play out.Shopify (SHOP 0.05%) is one of her favorite stocks. She has positions in three of Ark Invest's exchange-traded funds (ETF): 3.75% of the flagship Ark Innovation ETF, 2.87% of the Ark Next Generation ...

In the latest trading session, Shopify (SHOP) closed at $78.72, marking a +0.05% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.19%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.36%.The the stock of cloud-based commerce company has risen by 5.89% in the past month, leading the Computer and Technology sector's loss of 0.09% and the S&P 500's gain of 2.06%.Analysts and investors alike will be keeping ...

Shopify TodaySHOPShopify$78.70 +3.48 (+4.63%) 52-Week Range$45.50▼$91.57Price Target$77.92Add to WatchlistE-commerce giant Shopify Inc. NYSE: SHOP is one of those tech stocks still very much trading in the shadow of its COVID-era highs. Its story is one of an eye-watering rally and a painful, nearly 90% crash from which it's still recovering. However, that's the story when you look at the stock's history over the past five years. But zooming in on their more recent performance and future prospects, the stor ...

These Wall Street analysts are increasingly bullish on Shopify and Axon Enterprise.Shares of Shopify (SHOP 4.60%) and Axon Enterprise (AXON 1.76%) have moved in opposite directions this year. The former has fallen 4%, while the latter has gained 48%. Both stocks recently had their price targets raised by Wall Street analysts.On Sept. 17, Dominic Ball at Redburn Atlantic upgraded Shopify from neutral to buy and raised his price target to $99 per share. That forecast implies a 32% upside from the company's cu ...

Another bull lines up behind Shopify.Shopify (SHOP 0.73%) has long put up enviable growth numbers, but its valuation has historically made the stock volatile.The e-commerce software leader continues to trade at a high valuation, acting like a battleground stock at times as investors speculate on how long its rapid growth will continue, especially after its plan to expand into logistics through the Deliverr acquisition backfired.However, Shopify impressed investors with its latest earnings report in August, ...

Shopify stock is on the rise after an upgrade from Redburn Atlantic to "buy"Shopify Inc (NYSE:SHOP) stock is up 2.4% at $75.32 at last check, after an upgrade from Redburn Atlantic to "buy" from "neutral," with a price-target hike to $99. The firm cited social e-commerce growth, as the company continues to integrate into social media platforms in a way that drives sales. SHOP has had a volatile few months, dropping close to the $50 level before its massive post-earnings bull gap in early August. Since the s ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Shopify (SHOP) .Shopify currently has an average brokerage recommendation (ABR) of 1.83, on a s ...

Investors need to dig far beneath the headlines with this one.Shopify (SHOP 1.56%) is one of the largest e-commerce players in the world, providing software services to many businesses. One of the tools it offers its customers is payment processing. And on Sept. 9, Shopify partnered with PayPal (PYPL 1.38%) to get the job done better.I should say Shopify expanded its partnership with PayPal because the two have worked together for some time to varying degrees. In fact, PayPal has a long history of scoring k ...

In the latest market close, Shopify (SHOP) reached $72.45, with a +1.6% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.54%. Meanwhile, the Dow gained 0.72%, and the Nasdaq, a tech-heavy index, added 0.65%.Coming into today, shares of the cloud-based commerce company had lost 4.73% in the past month. In that same time, the Computer and Technology sector gained 3.3%, while the S&P 500 gained 4.86%.The investment community will be closely monitoring th ...

Shopify (SHOP) shares have lost 12.5% year to date, underperforming both the Zacks Computer & Technology sector and the Zacks Internet Services industry. Over the same timeframe, the sector and industry have gained 13.6% and 4.7%, respectively. The underperformance in SHOP’s shares can be attributed to challenging macroeconomic conditions that have negatively impacted small and medium businesses, which form its major merchant base. This cohort has been suffering from persistent inflation.Nevertheless, Shopi ...