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

Shares of Shopify Inc. (TSE:SHO) have earned an average rating of “Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. Four investment 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.

A number of research firms have recently commented on SHO. Evercore ISI raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Moffett Nathanson cut Shopify from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 6th. Argus raised Shopify to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald raised Shopify to a “hold” rating in a report on Thursday, September 5th. Finally, Wolfe Research raised Shopify to a “strong-buy” rating in a report on Tuesday, July 16th.

Shopify Price Performance

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