Costco Wholesale (COST) Forms $193.20 Double Top; 16 Analysts Are Bullish Shopify Inc. (SHOP) Last Week

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Costco Wholesale Corporation (COST) formed double top with $208.66 target or 8.00% above today’s $193.20 share price. Costco Wholesale Corporation (COST) has $84.78 billion valuation. The stock increased 0.36% or $0.69 during the last trading session, reaching $193.2. About 461,801 shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 14.69% since April 25, 2017 and is uptrending. It has outperformed by 3.14% the S&P500.

Among 33 analysts covering Shopify (NYSE:SHOP), 16 have Buy rating, 0 Sell and 17 Hold. Therefore 48% are positive. Shopify had 84 analyst reports since July 31, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, March 8 by Pacific Crest. The stock of Shopify Inc. (NYSE:SHOP) earned “Buy” rating by Piper Jaffray on Monday, September 4. The stock has “Buy” rating by Roth Capital on Monday, February 12. Monness Crespi & Hardt initiated Shopify Inc. (NYSE:SHOP) on Wednesday, June 29 with “Buy” rating. KeyBanc Capital Markets maintained it with “Buy” rating and $116.0 target in Wednesday, October 11 report. The rating was maintained by Wedbush with “Outperform” on Thursday, February 18. The stock of Shopify Inc. (NYSE:SHOP) earned “Overweight” rating by Piper Jaffray on Tuesday, February 16. The rating was initiated by DA Davidson with “Hold” on Wednesday, September 6. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, August 22. KeyBanc Capital Markets maintained Shopify Inc. (NYSE:SHOP) on Monday, November 27 with “Buy” rating. See Shopify Inc. (NYSE:SHOP) latest ratings:

22/03/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $150 New Target: $170 Maintain
22/02/2018 Broker: Macquarie Research Rating: Buy New Target: $150.0 Maintain
16/02/2018 Broker: Stephens Rating: Hold New Target: $136.0 Maintain
16/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $120 New Target: $140 Maintain
15/02/2018 Broker: SunTrust Rating: Hold New Target: $132.0 Maintain
15/02/2018 Broker: KeyBanc Capital Markets Rating: Buy New Target: $150.0 Maintain
16/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $158.0 Maintain
15/02/2018 Broker: Canaccord Genuity Rating: Buy New Target: $155.0 Maintain
12/02/2018 Broker: Roth Capital Rating: Buy New Target: $144.0 Maintain
12/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $103.0 Maintain

The stock decreased 2.20% or $2.71 during the last trading session, reaching $120.43. About 623,867 shares traded. Shopify Inc. (NYSE:SHOP) has risen 82.98% since April 25, 2017 and is uptrending. It has outperformed by 71.43% the S&P500.

Shopify Inc. provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. The company has market cap of $12.73 billion. The Company’s platform provides merchants with a single view of their business and clients in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships, and leverage analytics and reporting. It currently has negative earnings. The firm was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011.

Since October 25, 2017, it had 0 insider buys, and 14 sales for $21.65 million activity. Rose Timothy L. also sold $2.21 million worth of Costco Wholesale Corporation (NASDAQ:COST) on Thursday, March 22. ZOOK DENNIS R sold $810,788 worth of Costco Wholesale Corporation (NASDAQ:COST) on Wednesday, October 25. Shares for $560,730 were sold by MEISENBACH JOHN W on Monday, April 2. The insider Miller Russell D sold $2.41 million. Vachris Roland Michael sold $977,510 worth of stock or 5,200 shares. MOULTON PAUL G sold $2.21M worth of Costco Wholesale Corporation (NASDAQ:COST) on Monday, March 12. LIBENSON RICHARD M also sold $3.86M worth of Costco Wholesale Corporation (NASDAQ:COST) on Monday, December 18.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on May, 24. They expect $1.67 earnings per share, up 19.29% or $0.27 from last year’s $1.4 per share. COST’s profit will be $732.83 million for 28.92 P/E if the $1.67 EPS becomes a reality. After $1.42 actual earnings per share reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts 17.61% EPS growth.

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