Truist Financial Upgrades Shopify (TSE:SHO) to Strong-Buy

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

Several other research firms have also commented on SHO. Mizuho raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. ATB Cormark Capital Markets raised shares of Shopify from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, February 10th. TD Securities upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Scotiabank upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Finally, Moffett Nathanson raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Ten investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, 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.