# Shopify Inc. Class A subordinate voting shares (SHOP) stock analysis and sentiment

Canonical page: https://synoptiv.com/stock/SHOP
Methodology: https://synoptiv.com/methodology
Author: Synoptiv Research Engine

Last analyzed: Aug 17, 2026

Shopify Inc. Class A subordinate voting shares (SHOP) last closed at $154.32, in the upper half of its 52-week range of $94.00–$182.19. Composite market sentiment across 1 analysis is positive (+31 on a −100 to +100 scale), as of Aug 17, 2026.

## What the data says

At $154.32, Shopify trades roughly 15% below its 52-week high of $182.19 and about 64% above its low of $94.00, placing it in the upper third of a range that has spanned nearly a doubling over the past year. A band that wide, combined with a beta of 2.59, describes a stock that has moved far more sharply than the broader market in both directions rather than one that has settled into a narrow trading pattern.

The roughly $200 billion market capitalization carries a trailing price-to-earnings ratio of about 104 and a price-to-book ratio near 16, both well above what a typical profitable company commands. The forward multiple of about 63 is meaningfully lower than the trailing figure, which reflects expectations of earnings growing into that price. Underneath, the business is profitable but not extraordinarily so on a net basis — a profit margin of roughly 14.5% — while revenue is growing at about 34% year over year. Those two figures together are what the current multiple is being paid against: growth well ahead of the market, converted into earnings at a moderate rate.

Recent coverage is mostly company-specific rather than sector-wide. The dominant item is the August 5 second-quarter report, which beat estimates and came with a raised third-quarter outlook, followed by a 17% single-day move and subsequent pieces examining the rally. A second thread concerns Shopify's position in AI-driven commerce, including reporting that AI-referred traffic to its merchants tripled, reframing a technology that had been discussed as a threat to the business. The remainder is comparative or peripheral — a revenue-trend comparison against Uber, a fund-level article on Ark Innovation, and a third-party fulfillment announcement that cites Shopify merchants' annual sales volume rather than the company's own results.

## About Shopify Inc. Class A subordinate voting shares

Shopify Inc. is a commerce technology company based in Ottawa, Canada. Its platform lets merchants sell across web and mobile storefronts, physical retail locations, social media, and marketplaces, with tools to manage products and inventory, process orders, fulfill and ship, handle customer relationships, and access analytics and reporting. Shopify serves businesses of a range of sizes across North America, Europe, the Middle East, Africa, Asia Pacific, and Latin America.

Alongside subscriptions to the platform, the company earns revenue from merchant solutions. These include Shopify Payments, an integrated service for processing card payments online and in person; Shopify Shipping for discounted shipping labels; point-of-sale hardware; themes and apps sold through its app store; advertising placements; merchant financing; and domain name registration. The company was incorporated in 2004 as Jaded Pixel Technologies Inc. and took its current name in 2011.

## Company profile

- Symbol: SHOP
- Exchange: NASDAQ
- Security type: Stock
- Sector: Technology
- Industry: Software - Application
- Composite sentiment: positive (31 on a -100 to +100 scale)

## Key statistics

| Metric | Value |
| --- | ---: |
| Market capitalization | $200.25B |
| Enterprise value | $193.79B |
| Trailing P/E | 104.27 |
| Forward P/E | 63.32 |
| Price to book | 16.06 |
| Price to sales | 15.09 |
| Beta | 2.59 |
| Net margin | 14.53% |
| Revenue growth | 33.70% |
| Earnings growth | 68.10% |
| 52-week high | $182.19 |
| 52-week low | $94.00 |
| Average volume | 9.62M |

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## Recent news

- [Shopify (SHOP) Stock May Be 33% Overvalued On Strong AI Led Q2 Results](https://finance.yahoo.com/markets/stocks/articles/shopify-shop-stock-may-33-231528685.html) — Aug 16, 2026
- [Shopify Shines and Uber Declines](https://www.fool.com/investing/2026/08/16/shopify-shines-and-uber-declines/) — Aug 16, 2026
- [1 Profitable Stock with Exciting Potential and 2 We Question](https://finance.yahoo.com/markets/stocks/articles/1-profitable-stock-exciting-potential-150100032.html) — Aug 16, 2026
- [The Engine Behind XYZ Stock Has Real Parts](https://www.trefis.com/articles/611489/the-engine-behind-xyz-stock-has-real-parts/2026-08-14) — Aug 14, 2026
- [Joshua Kushner's Thrive Capital discloses $215 million Amazon stake](https://finance.yahoo.com/technology/articles/joshua-kushners-thrive-capital-discloses-165712497.html) — Aug 14, 2026
- [PayPal Stock Surged On A Profit Shift Management Had Already Spelled Out](https://www.trefis.com/articles/611549/paypal-stock-surged-on-a-profit-shift-management-had-already-spelled-out/2026-08-14) — Aug 14, 2026
- [Joshua Kushner’s Thrive Capital Invests $215 Million in Amazon](https://finance.yahoo.com/markets/stocks/articles/joshua-kushner-thrive-capital-invests-142550239.html) — Aug 14, 2026
- [Cathie Wood picks up $44.7 million in shares of two highly watched tech stocks. Is it too late to follow along?](https://finance.yahoo.com/markets/stocks/articles/cathie-wood-picks-44-7-115500302.html) — Aug 14, 2026
- [Shopify vs. Uber Technologies: What Their Revenue Trends Reveal to Investors.](https://www.fool.com/coverage/charts/2026/08/13/shopify-vs-uber-technologies-what-their-revenue-trends-reveal-to-investors/?source=iedfolrf0000001) — Aug 14, 2026
- [Shopify’s Q2 Earnings Call: Our Top 5 Analyst Questions](https://finance.yahoo.com/markets/stocks/articles/shopify-q2-earnings-call-top-001300557.html) — Aug 14, 2026

## Frequently asked questions

### What is the current market sentiment for SHOP?

As of Aug 17, 2026, Shopify Inc. Class A subordinate voting shares (SHOP) carries positive (+31 on a −100 to +100 scale) composite sentiment. The score fuses recent news tone, analyst recommendations, technical posture, insider and congressional activity, and market attention into a single figure. The full breakdown of each component is in the report.

### How has SHOP stock been performing?

Shopify Inc. Class A subordinate voting shares last closed at $154.32, in the upper half of its 52-week range of $94.00–$182.19.

### What is SHOP's market cap and valuation?

Shopify Inc. Class A subordinate voting shares has a market capitalization of about $200.25B, a trailing P/E of 104.3.

### What sector is SHOP in, and who are its competitors?

Shopify Inc. Class A subordinate voting shares operates in the Technology sector, specifically Software - Application. Comparable companies include TCX, URL.CN, ECOM.V, SIX.CN, MTLO.V.

### Where can I find a full analysis of SHOP?

The full SHOP report covers the bull and bear cases, technical signals with entry, stop and target levels, complete financial statements, earnings history, insider and congressional trades, and the conditions that would invalidate the thesis. It requires a free account.

## Important information

This page is generated from public market and company information. Data can be delayed, incomplete, or wrong. It is research and analysis, not financial advice.

- [Methodology](https://synoptiv.com/methodology)
- [Disclosures](https://synoptiv.com/disclosures)
- [Full report](https://synoptiv.com/stock/SHOP/v/1) (account and access required)