Shopify (TSE:SHO) Cut to Hold at Loop Capital

Loop Capital cut shares of Shopify (TSE:SHO) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on SHO. BMO Capital Markets raised Shopify to a “strong-buy” rating in a research report on Tuesday, May 6th. Needham & Company LLC raised shares of Shopify to a “moderate buy” rating in a research report on Monday, July 14th. Atb Cap Markets upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 8th. Capital One Financial raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 8th. Finally, BNP Paribas cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and eight have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Shopify presently has an average rating of “Buy”.

Shopify Stock Performance

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.