Shopify (TSE:SHO) Upgraded to Strong-Buy at Benchmark

Benchmark upgraded shares of Shopify (TSE:SHO) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Several other equities analysts have also recently commented on SHO. Wedbush raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Loop Capital upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Atb Cap Markets downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, New Street Research raised shares of Shopify to a “hold” rating in a report on Friday, January 10th. Five research analysts have rated the stock with a hold rating and eight have issued a strong buy rating to the company. According to data from MarketBeat, Shopify has an average rating of “Buy”.

Shopify Stock Performance

Shopify (TSE:SHO) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.37 EPS for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.13. The company had revenue of C$2.95 billion for the quarter, compared to analyst estimates of C$2.90 billion.

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.