Shopify Inc. (TSE:SHO) Given Average Rating of “Buy” by Analysts

Shares of Shopify Inc. (TSE:SHO) have earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and eight have assigned a strong buy rating to the company.

Several research analysts have weighed in on SHO shares. BNP Paribas Exane upgraded Shopify to a “hold” rating in a research report on Monday, November 24th. Wolfe Research upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Scotiabank raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Moffett Nathanson upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Mizuho raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday.

Shopify Stock 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.