Shopify Inc. (TSE:SHO) Receives Consensus Rating of “Strong Buy” from Brokerages

Shopify Inc. (TSE:SHO) has been given an average rating of “Strong Buy” by the fourteen ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and eleven have assigned a strong buy recommendation to the company.

Several research firms recently commented on SHO. Wolfe Research upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. TD Securities upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Phillip Securities raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Truist Financial upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Moffett Nathanson raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th.

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.