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

Shares of Shopify Inc. (TSE:SHO) have received a consensus rating of “Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have issued a strong buy rating on the company.

Several brokerages recently weighed in on SHO. Argus upgraded shares of Shopify to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald upgraded shares of Shopify to a “hold” rating in a research note on Thursday, September 5th. Atb Cap Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Evercore ISI raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Redburn Atlantic upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 17th.

Shopify Price Performance

Shopify (TSE:SHO) last posted its quarterly earnings results 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 firm had revenue of C$2.95 billion for the quarter, compared to analysts’ expectations of C$2.90 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.