Shopify Inc. (TSE:SHO) Stock Rated “Buy” by Wall Street Analysts

Shopify Inc. (TSE:SHO) has been assigned a consensus rating of “Buy” from the eighteen brokerages that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, two have given a buy rating and twelve have issued a strong buy rating on the company.

Several equities analysts recently weighed in on the stock. Rosenblatt Securities upgraded shares of Shopify to a “strong-buy” rating in a report on Wednesday, August 19th. Citigroup cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Rothschild & Co Redburn downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Phillip Securities lowered Shopify from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 17th. Finally, DZ Bank lowered Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th.

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.