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

Shares of Shopify Inc. (TSE:SHO) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and five have assigned a strong buy rating to the company.

SHO has been the topic of several recent analyst reports. Scotiabank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Wolfe Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. BNP Paribas raised shares of Shopify to a “hold” rating in a report on Monday, November 24th. DZ Bank upgraded shares of Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, TD Securities raised shares of Shopify to a “hold” rating in a report on Thursday, December 4th.

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.