Shopify (TSE:SHO) Upgraded to “Strong-Buy” at Wolfe Research

Shopify (TSE:SHO) was upgraded by equities research analysts at Wolfe Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on SHO. TD Securities upgraded shares of Shopify to a “hold” rating in a report on Thursday, December 4th. BNP Paribas raised shares of Shopify to a “hold” rating in a research report on Monday, November 24th. Finally, DZ Bank upgraded shares of Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Four analysts have rated the stock with a Strong Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Shopify Price 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.