Shopify (TSE:SHO) Upgraded at DZ Bank

DZ Bank upgraded shares of Shopify (TSE:SHO) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Wolfe Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Scotiabank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. Mizuho upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Moffett Nathanson raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Arete Research upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Ten investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Shopify presently has a consensus rating of “Strong 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. 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.