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

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

Several other brokerages have also commented on SHO. Evercore ISI upgraded shares of Shopify from a hold rating to a strong-buy rating in a report on Thursday, August 8th. Argus upgraded shares of Shopify to a strong-buy rating in a report on Thursday, August 8th. JMP Securities upgraded shares of Shopify from a hold rating to a strong-buy rating in a report 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, Piper Sandler raised shares of Shopify from a strong sell rating to a hold rating in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, Shopify currently has an average rating of Buy.

Shopify Price Performance

Shopify (TSE:SHO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.15 by C$0.10. The company had revenue of C$2.80 billion during the quarter, compared to analysts’ expectations 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.