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

Shares of Shopify Inc. (TSE:SHO) have received an average recommendation of “Strong Buy” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and twelve have given a strong buy rating to the company.

A number of brokerages have weighed in on SHO. BMO Capital Markets upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Jefferies Financial Group upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Rothschild & Co Redburn downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Citigroup lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th.

Shopify Price 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.