Shopify (TSE:SHO) Stock Rating Upgraded by Redburn Atlantic

Shopify (TSE:SHO) was upgraded by investment analysts at Redburn Atlantic from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports.

A number of other equities analysts also recently commented on SHO. Cantor Fitzgerald upgraded Shopify to a “hold” rating in a research note on Thursday, September 5th. Moffett Nathanson lowered Shopify from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 6th. Wolfe Research raised Shopify to a “strong-buy” rating in a research report on Tuesday, July 16th. Evercore ISI upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Argus upgraded Shopify to a “strong-buy” rating in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat, Shopify currently has a consensus rating of “Buy”.

Shopify Stock Performance

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