Shopify (TSE:SHO – Get Free Report) was upgraded by stock analysts at Needham & Company LLC to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.
Other equities analysts have also issued research reports about the stock. BNP Paribas lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 5th. Atb Cap Markets upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 8th. BMO Capital Markets raised shares of Shopify to a “strong-buy” rating in a research report on Tuesday, May 6th. Finally, Capital One Financial raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and ten have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.
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About Shopify
ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment.
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