Shopify (TSE:SHO) Raised to “Hold” at Arete Research

Shopify (TSE:SHO) was upgraded by Arete Research to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research analysts have also weighed in on SHO. Capital One Financial raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 8th. Atb Cap Markets upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 8th. Needham & Company LLC raised Shopify to a “moderate buy” rating in a research note on Monday, July 14th. Loop Capital downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, BNP Paribas lowered Shopify from a “strong-buy” rating to a “hold” rating in a report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and eight have issued a strong buy rating to the stock. According to MarketBeat.com, Shopify presently has an average rating of “Buy”.

Shopify Price Performance

Shopify Company Profile

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.