Shopify Inc. (TSE:SHO) Given Consensus Rating of “Buy” by Analysts

Shopify Inc. (TSE:SHO) has been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a strong buy recommendation on the company.

Several equities analysts recently weighed in on the stock. Argus raised shares of Shopify to a “strong-buy” rating in a research note 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. Cantor Fitzgerald raised shares of Shopify to a “hold” rating in a report on Thursday, September 5th. Redburn Atlantic upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 17th. Finally, Atb Cap Markets downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

Shopify Price Performance

Shopify (TSE:SHO) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 earnings per share for the quarter, beating the consensus estimate of C$0.24 by C$0.13. The company had revenue of C$2.95 billion during the quarter, compared to the consensus estimate of C$2.90 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.