Shopify (TSE:SHO) Rating Increased to Strong-Buy at Redburn Atlantic

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

Several other equities research analysts have also weighed in on the stock. Evercore ISI raised shares of Shopify from a hold rating to a strong-buy rating in a report on Thursday, August 8th. Cantor Fitzgerald raised shares of Shopify to a hold rating in a report on Thursday, September 5th. Wolfe Research raised shares of Shopify to a strong-buy rating in a report on Tuesday, July 16th. Argus raised shares of Shopify to a strong-buy rating in a report on Thursday, August 8th. Finally, Moffett Nathanson lowered shares of Shopify from a strong-buy rating to a hold rating in a report on Thursday, June 6th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Buy.

Shopify Stock Performance

Shopify (TSE:SHO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.10. The business had revenue of C$2.80 billion during the quarter, compared to analyst estimates 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.