Shopify Inc. (TSE:SHO) Stock Rated “Buy” by Sell-Side Brokerages

Shopify Inc. (TSE:SHO) has received a consensus rating of “Buy” from the eighteen brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and twelve have assigned a strong buy rating to the company.

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein raised Shopify to a “strong-buy” rating in a research note on Thursday, September 10th. Phillip Securities cut Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, August 17th. Rothschild & Co Redburn downgraded Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Jefferies Financial Group raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Finally, BMO Capital Markets upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th.

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.