Shopify Inc. (TSE:SHO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shopify Inc. (TSE:SHOGet Free Report) has earned an average rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and four have given a strong buy rating to the company.

SHO has been the subject of several research analyst reports. DZ Bank raised Shopify from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. TD Securities raised shares of Shopify to a “hold” rating in a report on Thursday, December 4th. Finally, BNP Paribas upgraded Shopify to a “hold” rating in a research report on Monday, November 24th.

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About Shopify

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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.

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Analyst Recommendations for Shopify (TSE:SHO)

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