Shares of Shopify Inc. (TSE:SHO – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and five have issued a strong buy rating on the company.
Several equities analysts have recently issued reports on SHO shares. Phillip Securities cut Shopify from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 12th. Atb Cap Markets cut Shopify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 6th. Arete Research raised Shopify to a “hold” rating in a report on Wednesday, July 23rd. BNP Paribas lowered Shopify from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 5th. Finally, BMO Capital Markets raised shares of Shopify to a “strong-buy” rating in a report on Tuesday, May 6th.
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