Shopify Inc. (SHO.TO) – What Are Investment Firms Thinking About This Stock?

Shares of Shopify Inc. (TSE:SHO) have been assigned a consensus recommendation of “Buy” from the eighteen analysts that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and twelve have given a strong buy rating to the company.

Several research firms have weighed in on SHO. Sanford C. Bernstein raised shares of Shopify to a “strong-buy” rating in a research report on Thursday, September 10th. Rosenblatt Securities upgraded Shopify to a “strong-buy” rating in a research note on Wednesday, August 19th. Phillip Securities cut Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 17th. Citigroup lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, DZ Bank cut shares of 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.