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

Shares of Shopify Inc. (TSE:SHO) have received a consensus rating of “Strong Buy” from the fifteen brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and twelve have assigned a strong buy rating to the company.

Several research analysts recently commented on the company. Scotiabank raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Phillip Securities upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Moffett Nathanson raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. DZ Bank raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Finally, Truist Financial upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th.

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.