Shopify (TSE:SHO) Raised to “Strong-Buy” at DZ Bank

Shopify (TSE:SHO) was upgraded by DZ Bank from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Moffett Nathanson raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. ATB Cormark Capital Markets raised Shopify from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Wolfe Research upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Mizuho upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Finally, Arete Research raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Ten research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Shopify Stock 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.