Shopify (TSE:SHO) Upgraded at Moffett Nathanson

Moffett Nathanson upgraded shares of Shopify (TSE:SHO) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other equities analysts also recently commented on SHO. DZ Bank upgraded shares of Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Atb Cormark Cm upgraded Shopify from a “hold” rating to a “moderate buy” rating in a research report on Tuesday. TD Securities upgraded shares of Shopify to a “hold” rating in a report on Thursday, December 4th. Scotiabank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. Finally, BNP Paribas Exane upgraded shares of Shopify to a “hold” rating in a research note on Monday, November 24th. Six research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Shopify Price 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.