Shopify Inc. (TSE:SHO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shopify Inc. (TSE:SHO) has received an average rating of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and five have given a strong buy recommendation to the company.

SHO has been the subject of several research reports. TD Securities raised Shopify to a “hold” rating in a report on Thursday, December 4th. Scotiabank upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. BNP Paribas raised shares of Shopify to a “hold” rating in a research note on Monday, November 24th. DZ Bank upgraded shares of Shopify from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Wolfe Research upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th.

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. The Recreational segment consists of planting, harvesting, and sale of psychoactive cannabis. The Cannabinoids Extraction segment consists of planting, harvesting, and sale of hemp and the related cannabinoid extraction for medicinal use.