Shopify (TSE:SHO) Upgraded to Strong-Buy by Redburn Atlantic

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

Other analysts also recently issued reports about the stock. Cantor Fitzgerald upgraded shares of Shopify to a hold rating in a research report on Thursday, September 5th. Moffett Nathanson downgraded shares of Shopify from a strong-buy rating to a hold rating in a research report on Thursday, June 6th. Argus upgraded shares of Shopify 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, Evercore ISI upgraded shares of Shopify from a hold rating to a strong-buy rating in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, one has given a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shopify has an average rating of Buy.

Shopify Stock Performance

Shopify (TSE:SHO) last issued its earnings results 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 business had revenue of C$2.80 billion during the quarter, compared to the consensus estimate 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.