Shopify (TSE:SHO) Upgraded by Phillip Securities to Strong-Buy Rating

Phillip Securities upgraded shares of Shopify (TSE:SHO) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on SHO. Scotiabank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. TD Securities upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. BNP Paribas Exane raised Shopify to a “hold” rating in a research report on Monday, November 24th. Truist Financial raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Moffett Nathanson upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Eleven analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Shopify Stock 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.