Shopify (TSE:SHO) Raised to “Strong-Buy” at Piper Sandler

Shopify (TSE:SHO) was upgraded by equities research analysts at Piper Sandler to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

SHO has been the subject of several other reports. Moffett Nathanson raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. BNP Paribas Exane upgraded Shopify to a “hold” rating in a report on Monday, November 24th. TD Securities upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. DZ Bank raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Finally, Wolfe Research upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Twelve analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Shopify presently has a consensus rating of “Strong Buy”.

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.