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

Shopify Inc. (TSE:SHO) has been given a consensus rating of “Buy” by the eight research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, one has given a buy rating and four have given a strong buy rating to the company.

Several equities analysts have recently weighed in on SHO shares. Atb Cap Markets raised shares of Shopify from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 8th. Piper Sandler upgraded shares of Shopify from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 9th. Evercore ISI upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Wolfe Research raised Shopify to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, Moffett Nathanson lowered Shopify from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 6th.

Shopify Price Performance

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.