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

Shopify Inc. (TSE:SHO) has been given an average recommendation of “Strong Buy” by the fifteen brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and twelve have issued a strong buy recommendation on the company.

A number of analysts have recently weighed in on the company. Scotiabank raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 8th. Mizuho upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. ATB Cormark Capital Markets raised Shopify from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Moffett Nathanson upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Arete Research upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd.

Shopify Stock Performance

About Shopify

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.