Shopify (TSE:SHO) Rating Increased to Strong-Buy at Sanford C. Bernstein

Shopify (TSE:SHO) was upgraded by Sanford C. Bernstein to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Other analysts have also issued research reports about the stock. DZ Bank lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. BMO Capital Markets upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Rothschild & Co Redburn cut Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Citigroup downgraded Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, Jefferies Financial Group raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Twelve equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “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.