Shopify Inc. (TSE:SHO) Given Average Recommendation of “Buy” by Brokerages

Shares of Shopify Inc. (TSE:SHO) have received a consensus rating of “Buy” from the sixteen brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and eleven have given a strong buy rating to the company.

Several analysts recently commented on the stock. BMO Capital Markets upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. DZ Bank cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Jefferies Financial Group upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Rothschild & Co Redburn lowered Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Citigroup lowered Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th.

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.