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

Shopify Inc. (TSE:SHO) has received a consensus rating of “Strong Buy” from the thirteen research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and ten have assigned a strong buy recommendation to the company.

SHO has been the topic of several research analyst reports. ATB Cormark Capital Markets upgraded Shopify from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, February 10th. Truist Financial raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Moffett Nathanson raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. TD Securities raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Finally, Piper Sandler raised shares of Shopify to a “strong-buy” rating in a report on Wednesday, March 11th.

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.