Shopify (TSE:SHO) Rating Increased to Strong-Buy at Truist Financial

Truist Financial upgraded shares of Shopify (TSE:SHO) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

SHO has been the topic of several other reports. DZ Bank upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday. Arete Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Scotiabank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Moffett Nathanson raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Mizuho raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Ten equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Shopify Stock 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.