Shopify (TSE:SHO) Upgraded to Hold by Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Shopify (TSE:SHO) to a hold rating in a research note released on Thursday, Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Evercore ISI raised Shopify from a hold rating 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. Piper Sandler upgraded shares of Shopify from a strong sell rating to a hold rating in a report on Thursday, May 9th. JMP Securities upgraded shares of Shopify from a hold rating to a strong-buy rating in a research note on Thursday, May 9th. Finally, Atb Cap Markets raised shares of Shopify from a sector perform rating to an outperform rating in a research report on Wednesday, May 8th. Four analysts have rated the stock with a hold rating, one has given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Buy.

Shopify Stock Performance

Shopify (TSE:SHO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.25 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.10. The firm 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.