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

Shopify (TSE:SHO) was upgraded by stock analysts at DZ Bank from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts also recently commented on SHO. TD Securities raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Wolfe Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. ATB Cormark Capital Markets upgraded shares of Shopify from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, February 10th. Moffett Nathanson raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Finally, Scotiabank raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Ten analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

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.