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

Shares of Shopify Inc. (TSE:SHO) have earned a consensus recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and four have issued a strong buy rating on the company.

SHO has been the topic of a number of analyst reports. JMP Securities upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th. 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 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, Moffett Nathanson lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 6th.

Shopify Stock Performance

Shopify (TSE:SHO) last announced its earnings results on Wednesday, August 7th. The company reported C$0.25 EPS for the quarter, beating 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 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.