Shopify Inc. (TSE:SHO) Receives Average Recommendation of “Buy” from Analysts

by · The Markets Daily

Shares of Shopify Inc. (TSE:SHO – Get Free Report) have been given a consensus rating of “Buy” by the ten analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and five have assigned a strong buy recommendation to the company.

SHO has been the topic of a number of recent analyst reports. Argus upgraded shares of Shopify to a “strong-buy” rating in a report on Thursday, August 8th. Redburn Atlantic upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th. Evercore ISI upgraded shares of Shopify from a “hold” rating 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, Cantor Fitzgerald upgraded shares of Shopify to a “hold” rating in a research report on Thursday, September 5th.

Check Out Our Latest Report on SHO

Shopify Stock Performance

Shopify (TSE:SHO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.25 earnings per share for the quarter, topping 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 analysts’ expectations of C$2.75 billion.

About Shopify

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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.

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