Shopify (TSE:SHO) Rating Increased to Strong-Buy at Evercore ISI

Shopify (TSE:SHO) was upgraded by stock analysts at Evercore ISI from a “hold” rating to a “strong-buy” rating in a report released on Thursday, Zacks.com reports.

SHO has been the topic of a number of other research reports. Wolfe Research raised shares of Shopify to a “strong-buy” rating in a research report on Tuesday, July 16th. Piper Sandler raised Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 9th. JMP Securities raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 9th. Atb Cap Markets raised shares of Shopify from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, May 8th. Finally, Moffett Nathanson downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 6th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Shopify currently has an average rating of “Buy”.

Shopify Price Performance

Shopify (TSE:SHO) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.05. The firm had revenue of C$2.51 billion during the quarter, compared to analyst estimates of C$2.49 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.