Shopify (TSE:SHO) Stock Rating Upgraded by Mizuho

Shopify (TSE:SHO) was upgraded by analysts at Mizuho from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages have also recently commented on SHO. Scotiabank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. BNP Paribas Exane upgraded shares of Shopify to a “hold” rating in a research report on Monday, November 24th. TD Securities raised shares of Shopify to a “hold” rating in a research note on Thursday, December 4th. Moffett Nathanson raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note 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. Eight analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “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.