Brokers Issue Forecasts for Shopify Inc.’s Q3 2024 Earnings (TSE:SHO)

Shopify Inc. (TSE:SHO) – Research analysts at DA Davidson issued their Q3 2024 earnings per share estimates for shares of Shopify in a research note issued to investors on Thursday, August 8th. DA Davidson analyst G. Luria anticipates that the company will earn $0.21 per share for the quarter.

Several other research analysts have also weighed in on the company. Moffett Nathanson lowered Shopify from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 6th. JMP Securities raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th. Evercore ISI raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Wolfe Research raised Shopify to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, Piper Sandler raised Shopify from a “strong sell” rating to a “hold” rating in a report on Thursday, May 9th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Shopify presently has a consensus rating of “Buy”.

Shopify Stock Performance

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.