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

Shares of Shopify Inc. (TSE:SHO) have earned a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and five have given a strong buy recommendation to the company.

A number of brokerages recently issued reports on SHO. Cantor Fitzgerald raised Shopify to a “hold” rating in a research report on Thursday, September 5th. Wolfe Research raised Shopify to a “strong-buy” rating in a research report on Tuesday, July 16th. Evercore ISI raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Argus raised Shopify to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Redburn Atlantic raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th.

Shopify Price Performance

Shopify (TSE:SHO) last released its quarterly earnings data 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 analysts’ expectations 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.