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

Shopify (TSE:SHO) was upgraded by Moffett Nathanson from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on SHO. Scotiabank upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Arete Research upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Atb Cormark Cm raised Shopify from a “hold” rating to a “moderate buy” rating in a research report on Tuesday. BNP Paribas Exane raised Shopify to a “hold” rating in a report on Monday, November 24th. Finally, DZ Bank upgraded Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Six analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Shopify Price Performance

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. 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.