Shopify (TSE:SHO) Upgraded at Phillip Securities

Phillip Securities upgraded shares of Shopify (TSE:SHO) from a hold rating to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

A number of other brokerages have also recently weighed in on SHO. BNP Paribas Exane upgraded shares of Shopify to a “hold” rating in a research note on Monday, November 24th. ATB Cormark Capital Markets raised Shopify from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, February 10th. DZ Bank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Moffett Nathanson raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Finally, Scotiabank raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. Eleven analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Shopify has an average 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.