Shopify (TSE:SHO) Upgraded by Evercore ISI to “Strong-Buy”

Evercore ISI upgraded shares of Shopify (TSE:SHO) from a hold rating to a strong-buy rating in a report issued on Thursday morning, Zacks.com reports.

A number of other equities analysts have also recently commented on SHO. JMP Securities raised Shopify from a hold rating to a strong-buy rating in a report on Thursday, May 9th. Piper Sandler upgraded Shopify from a strong sell rating to a hold rating in a research note on Thursday, May 9th. Atb Cap Markets raised Shopify from a sector perform rating to an outperform rating in a research report on Wednesday, May 8th. Wolfe Research upgraded Shopify to a strong-buy rating in a research note on Tuesday, July 16th. Finally, Moffett Nathanson lowered shares of Shopify from a strong-buy rating to a hold rating in a report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Buy.

Shopify Price Performance

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.