Shopify (TSE:SHO) Upgraded to “Strong-Buy” at Redburn Atlantic

Redburn Atlantic upgraded shares of Shopify (TSE:SHO) from a hold rating to a strong-buy rating in a research report released on Tuesday, Zacks.com reports.

Several other research firms also recently issued reports on SHO. Moffett Nathanson downgraded shares of Shopify from a strong-buy rating to a hold rating in a research note on Thursday, June 6th. Argus upgraded Shopify to a strong-buy rating in a research report on Thursday, August 8th. Wolfe Research raised Shopify to a strong-buy rating in a research note on Tuesday, July 16th. Cantor Fitzgerald raised Shopify to a hold rating in a research note on Thursday, September 5th. Finally, Evercore ISI raised shares of Shopify from a hold rating to a strong-buy rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and five have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy.

Shopify Stock Performance

Shopify (TSE:SHO) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.15 by C$0.10. The firm had revenue of C$2.80 billion during the quarter, compared to analyst estimates of C$2.75 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.