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

Shares of Shopify Inc. (TSE:SHO) have earned a consensus rating of “Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and five have assigned a strong buy recommendation to the company.

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

Shopify Price Performance

Shopify (TSE:SHO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.15 by C$0.10. The company had revenue of C$2.80 billion for the quarter, compared to analyst estimates of C$2.75 billion.

Shopify Company Profile

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.