Shopify Inc. (TSE:SHO) Given Average Rating of “Buy” by Brokerages

Shopify Inc. (TSE:SHO) has received a consensus recommendation of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and five have assigned a strong buy rating to the company.

Several equities research analysts recently issued reports on the stock. Argus upgraded shares of Shopify to a “strong-buy” rating in a research report on Thursday, August 8th. Evercore ISI raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Wolfe Research upgraded Shopify to a “strong-buy” rating in a report on Tuesday, July 16th. Redburn Atlantic raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, Cantor Fitzgerald raised Shopify to a “hold” rating in a research note on Thursday, September 5th.

Shopify Stock Performance

Shopify (TSE:SHO) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.10. The business had revenue of C$2.80 billion during the quarter, compared to analyst estimates of C$2.75 billion.

About Shopify

Sunstone Hotel Investors, Inc is a lodging real estate investment trust (“REIT”) that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone’s business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.