Shopify Inc. (TSE:SHO) Receives Average Recommendation of “Buy” from Brokerages

Shares of Shopify Inc. (TSE:SHO) have received an average recommendation of “Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a strong buy recommendation to the company.

Several research firms have recently commented on SHO. Cantor Fitzgerald raised Shopify to a “hold” rating in a research report on Thursday, September 5th. Argus upgraded shares of Shopify to a “strong-buy” rating in a report on Thursday, August 8th. Atb Cap Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Redburn Atlantic upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 17th. Finally, Evercore ISI raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th.

Shopify Stock Performance

Shopify (TSE:SHO) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 earnings per share for the quarter, beating the consensus estimate of C$0.24 by C$0.13. The firm had revenue of C$2.95 billion during the quarter, compared to the consensus estimate of C$2.90 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.