Shopify Inc. (TSE:SHO) Receives Average Recommendation of “Strong Buy” from Brokerages

Shopify Inc. (TSE:SHO) has been assigned an average recommendation of “Strong Buy” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and ten have issued a strong buy rating on the company.

A number of analysts have recently weighed in on SHO shares. Moffett Nathanson raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. DZ Bank raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday. Truist Financial raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Mizuho upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Finally, Arete Research upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd.

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.